By CountingPips.com | Weekly Large Trader COT Report: 10 Year US Treasury Note
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators continued to reduce their 10-year note positions last week for a third straight week and specs now have a bearish net position for the first time since the middle of July, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of the 10-year treasury notes, primarily traded by large speculators and hedge funds, totaled a net position of -2,795 contracts in the data reported for September 1st. This was a weekly change of -4,108 net contracts from the previous week’s total of +1,313 net contracts that was recorded on August 25th.
For the week, the overall standing long positions in 10-year futures rose by 16,909 contracts but were overcome by the gain in the short positions by 21,017 contracts to register the overall net change of -4,108 contracts for the week.
Free Reports:
10 Year US Treasury Note Commercial Positions:
In the commercial positions for the 10-year note on the week, the commercials (hedgers or traders engaged in buying and selling for business purposes) increased their overall bullish positions to a total net position of +105,187 contracts through September 1st. This is a weekly change of +14,358 contracts from the total net position of +90,829 contracts on August 25th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday August 25th to Tuesday September 1st, the 7-10 Year Treasury Bond ETF declined from 107.24 to 106.67, according to ETF data for the iShares 7-10 Year Treasury Bond ETF (IEF).
Last 6 Weeks of Large Trader Positions
| Date | Open Interest | Change OI | Net Commercial Positions | Weekly Com Changes | Net Large Specs Positions | Weekly Spec Changes |
| 20150728 | 2798316 | 65373 | 93070 | -36370 | 65642 | 38242 |
| 20150804 | 2923638 | 125322 | 126791 | 33721 | 32498 | -33144 |
| 20150811 | 2977165 | 53527 | 110906 | -15885 | 47807 | 15309 |
| 20150818 | 2955775 | -21390 | 122577 | 11671 | 7301 | -40506 |
| 20150825 | 3025581 | 69806 | 90829 | -31748 | 1313 | -5988 |
| 20150901 | 2804430 | -221151 | 105187 | 14358 | -2795 | -4108 |
*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
Article by CountingPips.com
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