10 Year Treasury Note Speculators Cut Bullish Net Positions Last Week
Zachary Storella | Aug 07, 2016 04:01AM ET
CFTC Futures data shows speculators decreased bullish bets last week
U.S. 10-Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators reduced their overall bullish positions last week after boosting bullish positions to the highest level of the year 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 +121,220 contracts in the data reported for August 2nd. This was a weekly change of -64,301 net contracts from the previous week’s total of 185,521 net contracts that was recorded on July 26th.
*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).
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