10 Year Treasury Note Speculators Trim Bearish Net Positions
Zachary Storella | Dec 20, 2015 12:33AM ET
Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators net positions at -11,443 contracts
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators reduced their overall bearish positions last week after increasing bearish positions for the past 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 -11,443 contracts in the data reported for December 15th. This was a weekly change of +13,106 net contracts from the previous week’s total of -24,549 net contracts that was recorded on December 8th.
For the week, the overall standing long positions in 10-year futures rose by +9158 contracts and combined with a fall in the short positions by -3,948 contracts to register the overall net change of +13,106 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) cut back on their overall bullish positions to a total net position of +141,996 contracts through December 15th. This is a weekly change of -47,271 contracts from the total net position of +189,267 contracts on December 8th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday December 8th to Tuesday December 15th, the 7-10 Year Treasury Bond ETF declined from 106.17 to 105.89, 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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