By CountingPips.com | Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators increased long positions
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators boosted their overall positions in favor of 10-year notes last week to a new net bullish position after a bearish position the week prior, 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 +17,692 contracts in the data reported for October 13th. This was a weekly change of +20,235 net contracts from the previous week’s total of -2,543 net contracts that was recorded on October 6th.
For the week, the overall standing long positions in 10-year futures rose by +20,024 contracts and combined with a fall in the short positions by -211 contracts to register the overall net change of +20,235 contracts for the week.
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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) reduced their overall bullish positions to a total net position of +51,248 contracts through October 13th. This is a weekly change of -16,801 contracts from the total net position of +68,049 contracts on October 6th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday October 6th to Tuesday October 13th, the 7-10 Year Treasury Bond ETF dipped from 107.93 to 107.90, 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 |
| 20150908 | 2776552 | -27878 | 128067 | 22880 | -23926 | -21131 |
| 20150915 | 2731653 | -44899 | 138331 | 10264 | -39478 | -15552 |
| 20150922 | 2644568 | -87085 | 93345 | -44986 | -8529 | 30949 |
| 20150929 | 2753639 | 109071 | 47914 | -45431 | 22490 | 31019 |
| 20151006 | 2769936 | 16297 | 68049 | 20135 | -2543 | -25033 |
| 20151013 | 2794144 | 24208 | 51248 | -16801 | 17692 | 20235 |
*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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