10 Year Treasury Note Speculators Increase Net Bearish Positions
Zachary Storella | Jul 13, 2015 01:01AM ET
Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators increased bearish bets
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators added to their overall bearish positions last week, after reducing bearish positions the previous two 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 -32,738 contracts in the data reported for July 7th. This was a weekly change of -29,234 net contracts from the previous week’s total of -3,504 net contracts that was recorded on June 30th.
For the week, the overall standing long positions in 10-year futures declined by -16,554 contracts and combined with a rise in the short positions by 12,680 contracts to register the overall net change of -29,234 contracts for the week.
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 +148,432 contracts through July 7th. This is a weekly change of +11,927 contracts from the total net position of +136,505 contracts on June 30th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday June 30th to Tuesday July 7th, the iShares 7-10 Year Treasury Bond ETF (ARCA:IEF) rose from 105.01 to 105.69, according to ETF market data.
*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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