By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
CFTC Futures data shows speculators eased their bearish bets for 2nd week
10 Year Treasuries: Large 10-Year Note futures traders cut back on their overall bearish bets last week to the lowest bearish position in over a month, 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 -181,584 contracts in the data reported for January 13th. This was a weekly change of +61,596 net contracts from the previous week’s total of -243,180 net contracts that was recorded on January 6th.
For the week, the overall standing long positions in 10-year futures rose by 27,344 contracts while the short positions saw a cut back by -34,252 contracts to register the overall net change of +61,596 contracts for the week.
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The current 10 year position is at the lowest bearish level since December 2nd when positions equaled -162,524 contracts.
Over the weekly reporting time-frame, from Tuesday January 6th to Tuesday January 13th, the yield on the 10-Year treasury note continued to drop from 1.97 percent to 1.91 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 |
| 12/09/2014 | 2628838 | 305733 | 507068 | -201335 | -38811 | 2.22 |
| 12/16/2014 | 2693428 | 273398 | 531648 | -258250 | -56915 | 2.07 |
| 12/23/2014 | 2585587 | 274132 | 510048 | -235916 | 22334 | 2.26 |
| 12/30/2014 | 2606841 | 281715 | 542997 | -261282 | -25366 | 2.2 |
| 01/06/2015 | 2671228 | 311511 | 554691 | -243180 | 18102 | 1.97 |
| 01/13/2015 | 2701144 | 338855 | 520439 | -181584 | 61596 | 1.91 |
*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).
Article by CountingPips.com – Forex Trading Apps
