10 Year Treasury Note Speculators reduced net bearish positions last week

(Before It's News)

By CountingPips.com | Weekly Large Trader COT Report: 10 Year US Treasury Note

CFTC Futures data shows speculators edged bets lower

10 Year Treasury Note Non-Commercial Positions:

Large 10-year treasury note futures traders and speculators slightly trimmed 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 -35,663 contracts in the data reported for October 27th. This was a weekly change of +2,150 net contracts from the previous week’s total of -37,813 net contracts that was recorded on October 20th.

For the week, the overall standing long positions in 10-year futures fell by -4,976 contracts while the short positions declined by a larger amount of -7,126 contracts to register the overall net change of +2,150 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) decreased their overall bullish positions to a total net position of +88,475 contracts through October 27th. This is a weekly change of -13,271 contracts from the total net position of +101,746 contracts on October 20th.

IEF 7-10 Year Bond ETF:

Over the same weekly reporting time-frame, from Tuesday October 20th to Tuesday October 27th, the 7-10 Year Treasury Bond ETF advanced from 107.61 to 108.03, according to ETF data for the iShares 7-10 Year Treasury Bond ETF (IEF).

Last 6 Weeks of Large Trader Positions

*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

Risk 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.

• Gold Speculators continued to raise net bullish bets for 6th straight week
• Sterling Euro Rates at highest level since August (Tom Holian)
• Sterling Euro breaks through resistance levels of 1.40 (Tom Holian)
• GBP/EUR Breaks 1.40! (Daniel Johnson)
• GBP/EUR rates of exchange hit new two month highs (Joshua Privett)
• Sterling is likely to fall next week, have you made plans for the future?
• EURUSD Daily Forecast: October 30
• GBPUSD Daily Forecast: October 30
• USDJPY Daily Forecast: October 30
• USDCHF Daily Forecast: October 30