By CountingPips.com | Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators increased net bearish bets
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators sharply increased their overall bearish positions last week to the highest level since May, 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 -164,264 contracts in the data reported for November 3rd. This was a weekly change of -128,601 net contracts from the previous week’s total of -35,663 net contracts that was recorded on October 27th.
For the week, the overall standing long positions in 10-year futures dropped by -41,345 contracts and combined with a surge higher in short positions by 87,256 contracts to register the overall net change of -128,601 contracts for the week.
Free Reports:
This week’s bearish standing marked the highest bearish level since May 5th when net positions equaled -183,116 contracts and registered the largest one-week drop since March 3rd 2013 when net positions fell by -134,164 contracts.
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) sharply boosted their overall bullish positions to a total net position of +245,920 contracts through November 3rd. This is a weekly change of +157,445 contracts from the total net position of +88,475 contracts on October 27th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday October 27th to Tuesday November 3rd, the 7-10 Year Treasury Bond ETF declined from 108.03 to 106.27, 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 |
| 20150929 | 2753639 | 109071 | 47914 | -45431 | 22490 | 31019 |
| 20151006 | 2769936 | 16297 | 68049 | 20135 | -2543 | -25033 |
| 20151013 | 2794144 | 24208 | 51248 | -16801 | 17692 | 20235 |
| 20151020 | 2775372 | -18772 | 101746 | 50498 | -37813 | -55505 |
| 20151027 | 2756760 | -18612 | 88475 | -13271 | -35663 | 2150 |
| 20151103 | 2697923 | -58837 | 245920 | 157445 | -164264 | -128601 |
*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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