Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators dropped net bearish positions to -46,736 contracts
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators decreased their overall bearish positions 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 the 10-year treasury notes, primarily traded by large speculators and hedge funds, totaled a net position of -46,736 contracts in the data reported for June 23rd. This was a weekly change of +49,713 net contracts from the previous week’s total of -96,449 net contracts that was recorded on June 16th.
For the week, the overall standing long positions in 10-year futures rose by 37,102 contracts and combined with a decline in the short positions by -12,611 contracts to register the overall net change of +49,713 contracts for the week.
10 Year US Treasury Note Commercial Positions:
In the commercial positions for the 10-year note on the week, the commercials (hedgers or traders engaged in buying and selling for business purposes) reduced their overall bullish positions to a total net position of +223,503 contracts through June 23rd. This is a weekly change of -30,002 contracts from the total net position of +253,505 contracts on June 16th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday June 16th to Tuesday June 23rd, the iShares 7-10 Year Treasury Bond ETF (ARCA:IEF) fell from 105.21 to 104.54, according to ETF data from Yahoo (NASDAQ:YHOO) Finance.
*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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).