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 decreased their overall bearish positions last week for the first time in four weeks, 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 +83,924 contracts in the data reported for June 28th. This was a weekly change of -30,741 net contracts from the previous week’s total of +114,665 net contracts that was recorded on June 21st.
For the week, the overall standing long positions in 10-year futures fell to 668,184 total contracts from 711,514 contracts the previous week while the short positions declined to 584,260 total contracts from 596,849 contracts the previous 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) cut their overall bearish positions to a total net position of -33,609 contracts through June 28th. This is a weekly change of +26,570 contracts from the total net position of -60,179 contracts on June 21st.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday June 21st to Tuesday June 28th, the 7-10 Year Treasury Bond ETF gained from 110.99 to 113.16, 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 |
| 20160524 | 188535 | 10140 | -80252 | 32076 |
| 20160531 | 213596 | 25061 | -140962 | -60710 |
| 20160607 | 68509 | -145087 | 15195 | 156157 |
| 20160614 | 25605 | -42904 | 45088 | 29893 |
| 20160621 | -60179 | -85784 | 114665 | 69577 |
| 20160628 | -33609 | 26570 | 83924 | -30741 |
*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
