Weekly Large Trader COT Report: 10-Year US Treasury Note
10-Year Treasury Note Non-Commercial Positions:
Large 10-Year treasury note futures traders and speculators cut back on their overall bearish positions last week after increasing bearish bets for the previous two consecutive weeks, 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 -40,277 contracts in the data reported for February 16th. This was a weekly change of +22,023 net contracts from the previous week’s total of -62,300 net contracts that was recorded on February 9th.
For the week, the overall standing long positions in 10-year futures rose by 47,446 contracts and overtook the short positions that had increased by 25,423 contracts to register the overall net change of +22,023 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 +92,793 contracts through February 16th. This is a weekly change of -32,182 contracts from the total net position of +54,335 contracts on February 9th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday February 9th to Tuesday February 16th, the 7-10 Year Treasury Bond ETF declined slightly from 110.59 to 110.25, according to ETF data for the iShares 7-10 Year Treasury Bond ETF (N:IEF).
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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
Disclosure: Foreign Currency trading and trading on margin carries a high level of risk and can result in loss of part or all of your investment. Due to the level of risk and market volatility, Foreign Currency trading may not be suitable for all investors and you should not invest money you cannot afford to lose. Before deciding to invest in the foreign currency exchange market you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading, and seek advice from an independent financial advisor should you have any doubts. All information and opinions on this website are for general informational purposes only and do not constitute investment advice.