By CountingPips.com | Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators trimmed their overall bullish positions
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators cut their overall bullish positions last week after amassing a net positive position for the first time in a month in 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 +18,286 contracts in the data reported for January 5th. This was a weekly change of -24,695 net contracts from the previous week’s total of +42,981 net contracts that was recorded on December 29th.
For the week, the overall standing long positions in 10-year futures fell by just 11 contracts and combined with a rise in the short positions by 24,684 contracts to register the overall net change of -24,695 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) added to their overall bullish positions to a total net position of +130,976 contracts through January 5th. This is a weekly change of +23,927 contracts from the total net position of +107,049 contracts on December 29th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday December 29th to Tuesday January 5th, the 7-10 Year Treasury Bond ETF rose from 105.43 to 106.01, 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 |
| 20151201 | 2780808 | 18452 | 139948 | -5683 | 15519 | -19593 |
| 20151208 | 2686036 | -94772 | 189267 | 49319 | -24549 | -40068 |
| 20151215 | 2595602 | -90434 | 141996 | -47271 | -11443 | 13106 |
| 20151222 | 2496673 | -98929 | 144101 | 2105 | -12210 | -767 |
| 20151229 | 2487067 | -9606 | 107049 | -37052 | 42981 | 55191 |
| 20160105 | 2534485 | 47418 | 130976 | 23927 | 18286 | -24695 |
*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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