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10-Year Note Non-Commercial Speculator Positions:
Large bond speculators decreased their bullish net positions in the 10-Year Note futures markets this 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 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of 256,626 contracts in the data reported through Tuesday September 26th. This was a weekly decrease of -13,494 contracts from the previous week which had a total of 270,120 net contracts.
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Speculative positions had risen the previous two weeks before this week’s decline and has remained in a bullish standing above the +250,000 contracts for three straight weeks.
10-Year Note Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -121,033 contracts on the week. This was a weekly rise of 23,718 contracts from the total net of -144,751 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $107.22 which was a rise of $0.07 from the previous close of $107.15, according to unofficial market data.
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures 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 – Weekly COT Report