By CountingPips.com | Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators are bullish for 2nd week
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators boosted their overall bullish positions last week after turning bullish on June 7th, 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 +45,088 contracts in the data reported for June 14th. This was a weekly change of +29,893 net contracts from the previous week’s total of +15,195 net contracts that was recorded on June 7th.
For the week, the overall standing long positions in 10-year futures rose by +89,939 contracts and overcame a rise in the short positions by +60,046 contracts to register the overall net change of +29,893 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) cut back on their overall bullish positions to a total net position of +25,605 contracts through June 14th. This is a weekly change of -42,904 contracts from the total net position of +68,509 contracts on June 7th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday June 7th to Tuesday June 14th, the 7-10 Year Treasury Bond ETF rose from 110.76 to 111.64, according to ETF data for the iShares 7-10 Year Treasury Bond ETF (IEF).
Last 6 Weeks of Large Trader Positions
| date | Net Commercial Positions | Weekly Com Changes | Net Large Specs Positions | Weekly Spec Changes |
| 20160510 | 158489 | -5619 | -79260 | 2760 |
| 20160517 | 178395 | 19906 | -112328 | -33068 |
| 20160524 | 188535 | 10140 | -80252 | 32076 |
| 20160531 | 213596 | 25061 | -140962 | -60710 |
| 20160607 | 68509 | -145087 | 15195 | 156157 |
| 20160614 | 25605 | -42904 | 45088 | 29893 |
*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
