10-Year Note Speculators bets were virtually unchanged this week

September 15, 2018

Sept. 15, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculator’s bearish net positions were virturally unchanged 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 -682,684 contracts in the data reported through Tuesday September 11th. This was a weekly edge higher of 73 contracts from the previous week which had a total of -682,757 net contracts.

This week’s tiny movement in the speculator bets follows last week’s -152,937 jump in bearish bets that pushed the overall bearish position back over the -600,000 net contract level. The 10-Year spec level has now been over at least -680,000 contracts for four out of the past five weeks with the exception of a total of -529,820 contracts on August 28th. The all-time record high bearish position was just recently set on August 21st with a total of -700,514 contracts.

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10-Year Note Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 736,595 contracts on the week. This was a weekly loss of -2,312 contracts from the total net of 738,907 contracts reported the previous week.

10-Year Note Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 10-Year Note Futures (Front Month) closed at approximately $119.32 which was a loss of $-0.60 from the previous close of $119.92, 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).

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