10-Year Note Speculators edged their bearish bets slightly higher

March 30, 2019

March 30th – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators slightly added to 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 -166,293 contracts in the data reported through Tuesday March 26th. This was a weekly change of -2,319 net contracts from the previous week which had a total of -163,974 net contracts.

The week’s net position was the result of the gross bullish position (longs) falling by -4,812 contracts to a weekly total of 699,752 contracts compared to the gross bearish position (shorts) which saw a decline by -2,493 contracts for the week to a total of 866,045 contracts.


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The net speculative position had seen declining bearish bets in the previous three weeks by a total of +70,021 contracts before this week’s slight turnaround.

The current standing remains under the -200,000 net contract level for a third straight week and is now (at -166,293 contracts) less than half of the bearish standing of December 18th (-380,779 contracts).

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 112,102 contracts on the week. This was a weekly boost of 11,075 contracts from the total net of 101,027 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 $124.40 which was an increase of $1.64 from the previous close of $122.76, 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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