10 Year Treasury Note Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators trimmed their overall bullish positions last week for a second consecutive 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, totalled a net position of +118,245 contracts in the data reported for August 9th. This was a weekly change of -2,975 net contracts from the previous week’s total of +121,220 net contracts that was recorded on August 2nd.
U.S. 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 bearish positions to a total net position of -67,370 contracts through August 9th. This is a weekly change of +9,597 contracts from the total net position of -76,967 contracts on August 2nd.
IEF 7-10 Year Bond ETF:
Over the same weekly reporting time-frame, from Tuesday August 2nd to Tuesday August 9th, the 7-10 Year Treasury Bond ETF edged higher from 112.10 to 112.25, according to ETF data for the iShares 7-10 Year Treasury Bond ETF (NYSE:IEF).
*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).