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 cut back on their overall bullish bets last week after surging to a new bullish position the previous week, 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 +15,519 contracts in the data reported for December 1st. This was a weekly change of -19,593 net contracts from the previous week’s total of +35,112 net contracts that was recorded on November 24th.
For the week, the overall standing long positions in 10-year futures rose by 24,634 contracts but were overtaken by a larger rise in the short positions by 44,227 contracts to register the overall net change of -19,593 contracts for the week.
10 Year US Treasury Note Commercial Positions:
Free Reports:
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 +139,948 contracts through December 1st. This is a weekly change of -5,683 contracts from the total net position of +145,631 contracts on November 24th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday November 24th to Tuesday December 1st, the 7-10 Year Treasury Bond ETF edged a bit higher from 106.19 to 106.80, 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 |
| 20151027 | 2756760 | -18612 | 88475 | -13271 | -35663 | 2150 |
| 20151103 | 2697923 | -58837 | 245920 | 157445 | -164264 | -128601 |
| 20151110 | 2606894 | -91029 | 166405 | -79515 | -36936 | 127328 |
| 20151117 | 2654590 | 47696 | 205599 | 39194 | -48056 | -11120 |
| 20151124 | 2762356 | 107766 | 145631 | -59968 | 35112 | 83168 |
| 20151201 | 2780808 | 18452 | 139948 | -5683 | 15519 | -19593 |
*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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