10-Year Note Speculators slightly trimmed bearish bets off record high level

October 6, 2018

October 6th 2018 – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators reduced 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 -740,192 contracts in the data reported through Tuesday October 2nd. This was a weekly gain of 16,124 contracts from the previous week which had a total of -756,316 net contracts.

The speculative bearish position fell slightly this week after surging to a record high bearish level last week over the -750,000 contract level. The current standing remains over the -740,000 contract threshold for a second week and is over the -680,000 net contract level for the fifth straight week.


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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 812,324 contracts on the week. This was a weekly loss of -34,369 contracts from the total net of 846,693 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 $118.813 which was a boost of $0.36 from the previous close of $118.453, 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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