10-Year Treasury Note Speculators Reduce Bearish Positions For 4th Week
Zachary Storella | Feb 02, 2015 12:52AM ET
CFTC Futures data shows speculators continue to pare bearish positions
10 Year Treasuries: Large U.S. 10-Year Note futures traders continued to cut back on their overall bearish bets last week for a fourth straight week and to the lowest level since November, 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 -107,892 contracts in the data reported for January 27th. This was a weekly change of +37,706 net contracts from the previous week’s total of -145,598 net contracts that was recorded on January 20th.
For the week, the overall standing long positions in 10-year futures fell by 29,573 contracts but were offset by the short positions that saw a decline by 67,279 contracts to register the overall net change of +37,706 contracts for the week.
The current 10-year futures speculator position remains at the lowest bearish level since November 25th when positions equaled -75,327 contracts.
Over the weekly reporting time-frame, from Tuesday January 20th to Tuesday January 27th, the yield on the 10-Year treasury note ticked up from 1.82 percent to 1.83 percent, according to data from the United States Treasury Department.
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).
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.