10-Year Note Speculators pushed their bearish bets higher for 1st time in 6 weeks

November 10, 2018

November 10, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators raised 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 -539,186 contracts in the data reported through Tuesday November 6th. This was a weekly change of -36,347 net contracts from the previous week which had a total of -502,839 net contracts.

This week’s net position was the result of the gross bullish position increasing by 7,074 contracts to a weekly total of 586,963 contracts but being overtaken by the gross bearish position which saw a boost by 43,421 contracts for the week to a total of 1,126,149 contracts .

The speculative bets in the 10-year has seen five straight weeks of declining bearish bets before this week’s turnaround. The current standing remains highly bearish but is more than 200,000 contracts less than the all-time high bearish position that was recorded on September 25th at -756,316 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 650,680 contracts on the week. This was a weekly gain of 65,845 contracts from the total net of 584,835 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 $117.75 which was a decrease of $-0.79 from the previous close of $118.54, 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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