10 Year Treasury Note Non-Commercial Positions:
Large speculators and traders sharply increased their bearish bets for the 10-year treasury notes in the futures markets last 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 10-year treasury note futures, traded by large speculators and hedge funds, totaled a net position of -268,395 contracts in the data reported through December 13th. This was a weekly change of -39,791 contracts from the previous week which had a total of -228,604 net contracts.
Speculators have quickly amassed a large short position after turning from an overall long position to a short position just three weeks ago.
10 Year Treasury Note Commercial Positions:
Free Reports:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 441,404 contracts last week. This is a weekly rise of 6,826 contracts from the total net of 434,578 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $104.67 which was a decline of $-0.51 from the previous close of $105.18, according to market data from Yahoo Finance.
*COT Report: The COT data, released weekly to the public each Friday, is updated through the previous Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures 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
