10-Year Note Speculators raised their bearish bets for a fifth straight week

April 27, 2019

April 27th – By CountingPips.comReceive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large bond speculators once again 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 -323,791 contracts in the data reported through Tuesday April 23rd. This was a weekly change of -48,141 net contracts from the previous week which had a total of -275,650 net contracts.

The week’s net position was the result of the gross bullish position (longs) decreasing by -35,045 contracts to a weekly total of 585,339 contracts and combined with the gross bearish position (shorts) which increased by 13,096 contracts for the week to a total of 909,130 contracts.


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The speculative net position fell for a fifth straight week this week and has dropped by a total of -159,817 contracts over that period. The current standing for the 10-year speculator bets is now at the most bearish level since December 18th when the positions totaled -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 311,601 contracts on the week. This was a weekly uptick of 47,894 contracts from the total net of 263,707 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 $123.12 which was a gain of $0.30 from the previous close of $122.82, 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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