By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
Large Speculator 10 year note bearish positions fall sharply for 2nd week as traders trim short positions
10 Year Treasuries: Large futures speculators sharply decreased their overall bearish bets last week as bearish positions fell for a second straight 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 -35,824 contracts in the data reported for October 28th. This was a weekly change of +54,186 net contracts from the previous week’s total of -90,010 net contracts that was recorded on October 21st.
For the week, the standing long positions in 10-year futures actually fell by 25,484 contracts but were easily offset by a greater decline in the short positions by 79,670 contracts to register the overall net change of +54,186 contracts on the week.
Free Reports:
Over the weekly reporting time-frame, from Tuesday October 21st to Tuesday October 28th, the yield on the 10-Year treasury note moved higher from 2.23 percent to 2.30 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 |
| 09/23/2014 | 2649936 | 460039 | 451195 | 8844 | 15643 | 2.54 |
| 09/30/2014 | 2731029 | 449878 | 462383 | -12505 | -21349 | 2.52 |
| 10/07/2014 | 2708628 | 403809 | 496138 | -92329 | -79824 | 2.36 |
| 10/14/2014 | 2801826 | 419942 | 543110 | -123168 | -30839 | 2.21 |
| 10/21/2014 | 2832490 | 456726 | 546736 | -90010 | 33158 | 2.23 |
| 10/28/2014 | 2726427 | 431242 | 467066 | -35824 | 54186 | 2.30 |
*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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