October 8th – By CountingPips.com – Receive our weekly COT Reports by Email
US Treasury Bond Non-Commercial Speculator Positions:
Large bond speculators added to their bearish net positions in the US Treasury Bond futures markets last 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 US Treasury Bond futures, traded by large speculators and hedge funds, totaled a net position of -72,037 contracts in the data reported through Tuesday October 1st. This was a weekly change of -13,723 net contracts from the previous week which had a total of -58,314 net contracts.
The week’s net position was the result of the gross bullish position (longs) sliding by -4,916 contracts (to a weekly total of 120,784 contracts) while the gross bearish position (shorts) rose by 8,807 contracts for the week (to a total of 192,821 contracts).
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US Long Bond Speculators added to their bearish bets for the second straight week and pushed the overall net level to the most bearish standing of the year. The net position had been in bullish territory as recent as July 2nd but speculator sentiment has deteriorated since then. The current speculative level is now at the most bearish point since December 4th of 2018.
US Treasury Bond Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 39,948 contracts on the week. This was a weekly gain of 8,807 contracts from the total net of 31,141 contracts reported the previous week.
US Treasury Bond Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the US Treasury Bond Futures (Front Month) closed at approximately $161.87 which was a fall of $-0.28 from the previous close of $162.15, 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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