By CountingPips.com
Weekly CFTC Net Speculator Report
Large Speculators net bearish positions rise to a total of -97,895 contracts
10 Year Treasuries: Large futures market traders and speculators added to their overall bearish bets in the 10-year treasury note futures last week as the 10-year note yield declined to near 2.50 percent, 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 -97,895 contracts in the data reported for May 20th. This was a change of -15,715 contracts from the previous week’s total of -82,180 net contracts that was recorded on May 13th.
The 10-Year Note increased bearish positions last week brings the net overall positions off their lowest bearish level since April 1st that was registered the previous week on May 13th. The last time 10-year net positions were on the bullish side was July 30th 2013 when net positions equaled +11,903 contracts.
Free Reports:
Over the weekly reporting time-frame, from Tuesday May 13th to Tuesday May 20th, the yield on the 10-Year treasury note fell rapidly from the 2.61 level to the 2.52 level, according to data from the United States Treasury Department.
Last 6 Weeks of Large Trader Non-Commercial Positions
| Date | Open Interest | Long Specs | Short Specs | Net Large Specs | Weekly Change | 10 Year Yield |
| 04/15/2014 | 2497347 | 344056 | 506334 | -162278 | -7104 | 2.64 |
| 04/22/2014 | 2493544 | 349474 | 495339 | -145865 | 16413 | 2.73 |
| 04/29/2014 | 2528687 | 332918 | 447343 | -114425 | 31440 | 2.71 |
| 05/06/2014 | 2618485 | 340698 | 470107 | -129409 | -14984 | 2.61 |
| 05/13/2014 | 2735107 | 421083 | 503263 | -82180 | 47229 | 2.61 |
| 05/20/2014 | 2796523 | 431479 | 529374 | -97895 | -15715 | 2.52 |
*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).
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