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 increased their bullish bets for a second straight week and now overall positions are bullish after being on the bearish side for the previous 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 the 10-year Treasury notes, primarily traded by large speculators and hedge funds, totaled a net position of +22,490 contracts in the data reported for September 29th. This was a weekly change of +31,019 net contracts from the previous week’s total of -8,529 net contracts that was recorded on September 22nd.
For the week, the overall standing long positions in 10-year futures gained by +44,716 contracts and overtook a smaller rise in the short positions by +13,697 contracts to register the overall net change of +31,019 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 +47,914 contracts through September 29th. This is a weekly change of -45,431 contracts from the total net position of +93,345 contracts on September 22nd.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday September 22nd to Tuesday September 29th, the 7-10 Year Treasury Bond ETF rose from 107.11 to 107.85, according to ETF data for the iShares 7-10 Year Treasury Bond ETF (NYSE: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 non-reportable traders (usually small traders/speculators).
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