10 Year Treasury Note Speculators Raise Bearish Net Positions
Zachary Storella | Jan 24, 2016 04:52AM ET
Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators continued to raise bearish bets
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators increased their overall bearish positions last week for a third consecutive 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 -67,746 contracts in the data reported for January 19th. This was a weekly change of -24,510 net contracts from the previous week’s total of -43,236 net contracts that was recorded on January 12th.
For the week, the overall standing long positions in 10-year futures fell by -18,120 contracts and combined with a rise in the short positions by 6,390 contracts to register the overall net change of -24,510 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) reduced their overall bullish positions to a total net position of +147,575 contracts through January 19th. This is a weekly change of -54,228 contracts from the total net position of +201,803 contracts on January 12th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday January 12th to Tuesday January 19th, the 7-10 Year Treasury Bond ETF slightly advanced from 107.29 to 107.85, according to ETF data for the iShares 7-10 Year Treasury Bond ETF (N:IEF).
*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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