By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
Large Speculator bearish positions gain for 2nd week
10 Year Treasuries: Large futures market traders and speculators edged their net bearish bets higher in the 10-year treasury note futures last week to show a second week of bearish bet advances, 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 -50,180 contracts in the data reported for August 12th. This was a change of -5,049 net contracts from the previous week’s total of just -45,131 net contracts that was recorded on August 5th.
For the week, long positions in 10 Year futures rose by 9,547 contracts while the short positions increased by 14,596 contracts to register the overall net change of -5,049 contracts on the week.
Free Reports:
Non-commercial net positions are at their most bearish level since July 15th when 10-Year note positions totaled -53,626 contracts. Overall, the 10-year treasury note non-commercial positions have continuously remained on the bearish side since July 30 2013.
Over the weekly reporting time-frame, from Tuesday August 5th to Tuesday August 12th, the yield on the 10-Year treasury note declined from 2.49 percent to 2.46 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 |
| 07/08/2014 | 2686230 | 376657 | 473429 | -96772 | -27414 | 2.58 |
| 07/15/2014 | 2625979 | 425550 | 479176 | -53626 | 43146 | 2.56 |
| 07/22/2014 | 2723060 | 467442 | 505601 | -38159 | 15467 | 2.48 |
| 07/29/2014 | 2764504 | 473286 | 479092 | -5806 | 32353 | 2.47 |
| 08/05/2014 | 2814975 | 452910 | 498041 | -45131 | -39325 | 2.49 |
| 08/12/2014 | 2844443 | 462457 | 512637 | -50180 | -5049 | 2.46 |
*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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