Sept. 8th 2018 – By CountingPips.com – Receive our weekly COT Reports by Email
10-Year Note Non-Commercial Speculator Positions:
Large bond speculators increased their bearish 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 -682,757 contracts in the data reported through Tuesday September 4th. This was a weekly decrease of -152,937 contracts from the previous week which had a total of -529,820 net contracts.
The speculative bearish position rose this week and for the third time out of the past four weeks. Two weeks ago, the bearish position reached the highest level on record above the -700,000 net contract level before cooling off last week. The current standing is slightly under the recent record high level and marks the seventh straight week that the bearish position has been above the -500,000 contract threshold.
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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 738,907 contracts on the week. This was a weekly boost of 71,025 contracts from the total net of 667,882 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 $119.92 which was a fall of $-0.06 from the previous close of $119.98, 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 – Receive our weekly COT Reports by Email