By CountingPips.com | Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators decreased bearish bets
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators sharply reduced their overall bearish positions last week after a large increase in the bearish positions 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 -24,364 contracts in the data reported for April 12th. This was a weekly change of +92,941 net contracts from the previous week’s total of -117,305 net contracts that was recorded on April 5th.
For the week, the overall standing long positions in 10-year futures jumped by +84,430 contracts while the short positions declined by -8,511 contracts to register the overall net change of +92,941 contracts for the week.
Free Reports:
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) decreased their overall bullish positions to a total net position of +93,532 contracts through April 12th. This is a weekly change of -70,261 contracts from the total net position of +163,793 contracts on April 5th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday April 5th to Tuesday April 12th, the 7-10 Year Treasury Bond ETF dipped from 110.71 to 110.41, 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 |
| 20160308 | -3847 | -53519 | 68087 | 65533 |
| 20160315 | -9502 | -5655 | 65098 | -2989 |
| 20160322 | 13198 | 22700 | 50105 | -14993 |
| 20160329 | 71862 | 58664 | -16863 | -66968 |
| 20160405 | 163793 | 91931 | -117305 | -100442 |
| 20160412 | 93532 | -70261 | -24364 | 92941 |
*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
