By CountingPips.com | Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators now in bullish net position
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators sharply boosted their positions in favor of 10-year notes last week to a new overall net bullish position, 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 +44,541 contracts in the data reported for January 26th. This was a weekly change of +112,287 net contracts from the previous week’s total of -67,746 net contracts that was recorded on January 19th.
For the week, the overall standing long positions in 10-year futures jumped by 83,028 contracts and combined with a fall in the short positions by -29,259 contracts to register the overall net change of +112,287 contracts for the week.
Free Reports:
The 10-year note spec positions are now in net bullish territory for the first time in three weeks.
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) cut back on their overall bullish positions to a total net position of +35,491 contracts through January 26th. This is a weekly change of -112,084 contracts from the total net position of +147,575 contracts on January 19th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday January 19th to Tuesday January 26th, the 7-10 Year Treasury Bond ETF increased from 107.85 to 108.31, 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 |
| 20151222 | 2496673 | -98929 | 144101 | 2105 | -12210 | -767 |
| 20151229 | 2487067 | -9606 | 107049 | -37052 | 42981 | 55191 |
| 20160105 | 2534485 | 47418 | 130976 | 23927 | 18286 | -24695 |
| 20160112 | 2651078 | 116593 | 201803 | 70827 | -43236 | -61522 |
| 20160119 | 2804120 | 153042 | 147575 | -54228 | -67746 | -24510 |
| 20160126 | 2885948 | 81828 | 35491 | -112084 | 44541 | 112287 |
*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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