By CountingPips.com – Receive our weekly COT Reports by Email
10-Year Note Non-Commercial Speculator Positions:
Large treasury speculators increased their bullish net positions in the 10-Year Note futures markets this week following a sharp decline the previous 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 44,741 contracts in the data reported through Tuesday December 12th. This was a weekly boost of 30,396 contracts from the previous week which had a total of 14,345 net contracts.
Speculative positions had dropped by -109,591 bets on December 5th before this week’s rebound. The overall net position level remains under the +50,000 contract level for a second week as the speculator sentiment for the 10-year note futures has cooled off over the past 3 months.
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 160,931 contracts on the week. This was a weekly shortfall of -37,044 contracts from the total net of 197,975 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $105.75 which was a shortfall of $-0.21 from the previous close of $105.96, 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).
Article By CountingPips.com – Receive our weekly COT Reports by Email