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10 Year Treasury Note Speculators pared their overall bearish positions last week
By CountingPips.com | Weekly Large Trader COT Report: 10 Year US Treasury Note
CFTC Futures data shows speculators trimmed bearish bets
10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators decreased their overall bearish positions last week and the large speculator level now sits close to neutral, 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 -5,599 contracts in the data reported for July 14th. This was a weekly change of +27,139 net contracts from the previous week’s total of -32,738 net contracts that was recorded on July 7th.
For the week, the overall standing long positions in 10-year futures fell by -7,533 contracts but was overshadowed by a larger drop in the short positions by -34,672 contracts to register the overall net change of +27,139 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) trimmed their overall bullish positions to a total net position of +145,800 contracts through July 14th. This is a weekly change of -2,632 contracts from the total net position of +148,432 contracts on July 7th.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday July 7th to Tuesday July 14th, the iShares 7-10 Year Treasury ETF fell from 105.69 to 104.69, according to ETF data of the iShares 7-10 Year Treasury Bond ETF (IEF).
Last 6 Weeks of Large Trader Positions
| Date | Open Interest | Change OI | Net Commercial Positions | Weekly Com Changes | Net Large Specs Positions | Weekly Spec Changes |
| 20150609 | 2777578 | -42294 | 226433 | -16228 | -36579 | 37026 |
| 20150616 | 2670001 | -107577 | 253505 | 27072 | -96449 | -59870 |
| 20150623 | 2718883 | 48882 | 223503 | -30002 | -46736 | 49713 |
| 20150630 | 2718708 | -175 | 136505 | -86998 | -3504 | 43232 |
| 20150707 | 2725079 | 6371 | 148432 | 11927 | -32738 | -29234 |
| 20150714 | 2696755 | -28324 | 145800 | -2632 | -5599 | 27139 |
*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).
Article by CountingPips.com
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Source: http://countingpips.com/2015/07/10-year-treasury-note-speculators-pared-their-overall-bearish-positions-last-week/
