10-Year Note Speculators sharply raised bearish bets to new record high30th September 2018
Sept. 29, 2018 – By CountingPips.com – Receive our weekly COT Reports by Email
10-Year Note Non-Commercial Speculator Positions:
Large bond speculators boosted their bearish net positions in the 10-Year Note futures markets this 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 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of -756,316 contracts in the data reported through Tuesday September 25th. This was a weekly lowering of -71,604 contracts from the previous week which had a total of -684,712 net contracts.
Speculative bearish bets rose for a second consecutive week and for the third time out of the past four weeks.
The strong gain in bearish bets this week now puts the current bearish standing at the highest level on record (-756,316 contracts), breaking the previous record from six weeks ago (-700,514 contracts).
10-Year Note Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 846,693 contracts on the week. This was a weekly increase of 115,926 contracts from the total net of 730,767 contracts reported the previous week.
10-Year Note Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 10-Year Note Futures (Front Month) closed at approximately $118.45 which was a fall of $-0.34 from the previous close of $118.79, according to unofficial market data.
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent 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 – Receive our weekly COT Reports by Email