By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
Large Speculator 10 year note positions saw decreased bearish levels
10 Year Treasuries: Large futures market speculators decreased their overall bearish positions last week following a sharp increase in bearish positions the previous 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 -33,267 contracts in the data reported for September 9th. This was a weekly change of +49,391 net contracts from the previous week’s total of -82,658 net contracts that was recorded on September 2nd.
For the week, the standing long positions in 10-Year futures rose by 57,800 contracts while the short positions increased by just 8,049 contracts to register the overall net change of +49,391 contracts on the week.
Free Reports:
Three weeks ago on August 26th, non-commercial 10-year treasury note positions had turned to the bullish side for the first time since July 30 2013 before sharply turning back to bearish on September 2nd.
Over the weekly reporting time-frame, from Tuesday September 2nd to Tuesday September 9th, the yield on the 10-Year treasury note increased from 2.42 percent to 2.50 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 |
| 08/05/2014 | 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 |
| 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 |
*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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