By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
Large Speculator 10 year note bearish positions rise to +8,844 contracts
10 Year Treasuries: Large futures speculators turned their overall positions back into a bullish territory last week after three weeks of bearish levels, 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 +8,844 contracts in the data reported for September 23rd. This was a weekly change of +15,643 net contracts from the previous week’s total of -6,799 net contracts that was recorded on September 16th.
For the week, the standing long positions in 10-Year futures advanced by 16,521 contracts while the short positions rose by just 878 contracts to register the overall net change of +15,643 contracts on the week.
Free Reports:
10-year note speculative positions had been on the bearish side for the past three straight weeks after briefly turning bullish on August 26th. These two weeks (August 26th, September 23rd) of bullish positions represent the only times since July 2013 that overall positions have been in bullish territory.
Over the weekly reporting time-frame, from Tuesday September 16th to Tuesday September 23rd, the yield on the 10-Year treasury note retreated from 2.60 percent to 2.54 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 |
| 08/19/2014 | 2892767 | 483102 | 526636 | -43534 | 6646 | 2.40 |
| 08/26/2014 | 2854257 | 418061 | 410121 | 7940 | 51474 | 2.39 |
| 09/02/2014 | 2721411 | 382415 | 465073 | -82658 | -90598 | 2.42 |
| 09/09/2014 | 2757225 | 440215 | 473482 | -33267 | 49391 | 2.50 |
| 09/16/2014 | 2659350 | 443518 | 450317 | -6799 | 26468 | 2.60 |
| 09/23/2014 | 2649936 | 460039 | 451195 | 8844 | 15643 | 2.54 |
*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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