10 Year Treasury Note Speculators reduced net bullish positions for 1st time in 3 weeks

July 24, 2016

By CountingPips.com | 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.

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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 (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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

Article by CountingPips.com