10-Year Treasury Speculators Reduce Net Bullish Positions
Zachary Storella | Jul 25, 2016 02:23AM ET
Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators decreased bullish bets
Large 10-year treasury note futures traders and speculators reduced their overall bullish positions last week for the first time in the last three 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 +109,371 contracts in the data reported for July 19th. This was a weekly change of -21,990 net contracts from the previous week’s total of +131,361 net contracts that was recorded on July 12th.
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) sharply cut their net bearish positions to a total net position of -50,492 contracts through July 19th. This is a weekly change of +55,776 contracts from the total net position of -106,268 contracts on July 12th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday July 12th to Tuesday July 19th, the 7-10 Year Treasury Bond ETF edged lower from 112.53 to 112.19, according to ETF data for the iShares 7-10 Year Treasury Bond ETF (NYSE:IEF).
10 Year Treasury Note Non-Commercial Positions:
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.