By CountingPips.com
Weekly CFTC Net Speculator Report
Large Speculators net bearish positions rise again to a total of -71,903 contracts
10 Year Treasuries: Large futures market traders and speculators increased their overall bearish bets in the 10-year treasury note futures for a second consecutive week 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 -71,903 contracts in the data reported for June 10th. This was a change of -28,608 net contracts from the previous week’s total of -43,295 net contracts that was recorded on June 3rd.
The advance in bearish positions of the 10-Year Note for the last two weeks has pushed bearish levels to their highest standing since May 20th when bearish positions totaled -97,895 contracts.
Free Reports:
For the week, long positions decreased by 11,165 contracts while short positions increased by 17,443 contracts to show the -28,608 net change for the week.
Over the weekly reporting time-frame, from Tuesday June 3rd to Tuesday June 10th, the yield on the 10-Year treasury note edged higher from 2.60 percent to 2.64 percent, 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 |
| 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 |
| 05/27/2014 | 2841037 | 379344 | 398422 | -19078 | 78817 | 2.52 |
| 06/03/2014 | 2580717 | 383136 | 426431 | -43295 | -24217 | 2.60 |
| 06/10/2014 | 2594787 | 371971 | 443874 | -71903 | -28608 | 2.64 |
*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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