10 Year Treasury Note Speculators bearish net positions about unchanged last week

April 23, 2016

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 bearish positions barely moved last week, registering a small decrease in the overall bearish levels, 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 -24,279 contracts in the data reported for April 19th. This was a weekly change of +85 net contracts from the previous week’s total of -24,364 net contracts that was recorded on April 12th.

For the week, the overall standing long positions in 10-year futures rose by +10,727 contracts and just eclipsed the rise in the short positions by +10,642 contracts to register the overall net change of +85 contracts for the week.

10 Year US Treasury Note Commercial Positions:


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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 +74,718 contracts through April 19th. This is a weekly change of -18,814 contracts from the total net position of +93,532 contracts on April 12th.

IEF 7-10 Year Bond ETF:

Over the same weekly reporting time-frame, from Tuesday April 12th to Tuesday April 19th, the 7-10 Year Treasury Bond ETF slid from 110.66 to 110.27, according to ETF data for the iShares 7-10 Year Treasury Bond ETF (IEF).

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Last 6 Weeks of Large Trader Positions

DateNet Commercial PositionsWeekly Com ChangesNet Large Specs PositionsWeekly Spec Changes
20160315-9502-565565098-2989
20160322131982270050105-14993
201603297186258664-16863-66968
2016040516379391931-117305-100442
2016041293532-70261-2436492941
2016041974718-18814-2427985

 

*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