By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
Large Speculator bearish positions fall to -43,534 contracts
10 Year Treasuries: Large futures market traders and speculators decreased their overall net bearish bets in the 10-year treasury note futures last week following two weeks of advancing bearish positions, 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 -43,534 contracts in the data reported for August 19th. This was a change of +6,646 net contracts from the previous week’s total of -50,180 net contracts that was recorded on August 12th.
For the week, long positions in 10-Year futures advanced by 20,645 contracts while the short positions also gained by 13,999 contracts to register the overall net change of +6,646 contracts on the week.
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The non-commercial 10-year treasury note positions have been on the bearish side since July 30 2013 and come off two straight weeks of rising bearish bets through August 12th.
Over the weekly reporting time-frame, from Tuesday August 12th to Tuesday August 19th, the yield on the 10-Year treasury note slid from 2.46 percent to 2.40 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 |
| 07/15/2014 | 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 |
| 08/5/2014 | 2814975 | 452910 | 498041 | -45131 | -39325 | 2.49 |
| 08/12/2014 | 2844443 | 462457 | 512637 | -50180 | -5049 | 2.46 |
| 08/19/2014 | 2892767 | 483102 | 526636 | -43534 | 6646 | 2.40 |
*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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