By CountingPips.com – CFTC Weekly Commitment of Traders Report
10 Year Treasury Note Non-Commercial Positions:
Large speculators and traders reduced their net positions in the 10-year treasury note futures markets last week for the third time out of the last four 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 10-year treasury note futures, traded by large speculators and hedge funds, totaled a net position of 74,506 contracts in the data reported through October 25th. This was a weekly decline of -25,416 contracts from the previous week which had a total of 99,922 net contracts.
10-year speculative positions have now been under the +100,000 level for a third straight week.
10 Year Treasury Note Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 65,747 contracts last week. This is a weekly change of 22,021 contracts from the total net of 43,726 contracts reported the previous week.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $110.57 which was a change of $-0.1 from the previous close of $110.67, according to market data from Yahoo Finance.
*COT Report: The COT data, released weekly to the public each Friday, is updated through the previous 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