By CountingPips.com
Weekly CFTC COT Net Speculator Report
Large Speculators net bearish positions increase for 3rd week to a total of -85,830 contracts
10 Year Treasuries: Large futures market speculators added to their net bearish bets in the 10-year treasury note futures for a third straight week last week and to the overall highest level in a month, 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 -85,830 contracts in the data reported for June 17th. This was a change of -13,927 net contracts from the previous week’s total of -71,903 net contracts that was recorded on June 10th.
The rise in the 10-Year Note short positions over the last three weeks has brought bearish levels to their highest mark since May 20th when short positions totaled -97,895 contracts.
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For the week, long positions declined by 6,249 contracts while short positions rose by 7,678 contracts to register an overall net change of -13,927 contracts on the week.
Over the weekly reporting time-frame, from Tuesday June 10th to Tuesday June 17th, the yield on the 10-Year treasury note nudged a bit higher from 2.64 percent to 2.66 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 |
| 05/13/2014 | 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 |
| 06/17/2014 | 2601086 | 365722 | 451552 | -85830 | -13927 | 2.66 |
*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).
Article by CountingPips.com – Forex Trading Apps
