By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
CFTC Futures data shows speculators strongly decreased short positions
10 Year Treasuries: Large 10-year note futures traders sharply cut back on their overall bearish bets last week to the lowest bearish level since October, 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 -44,816 contracts in the data reported for February 10th. This was a weekly change of +73,964 net contracts from the previous week’s total of -118,780 net contracts that was recorded on February 3rd.
For the week, the overall standing long positions in 10-year futures rose by +65,326 contracts while the short positions fell by -8,638 contracts to register the overall net change of +73,964 contracts for the week.
Free Reports:
The 10-year futures speculator positions are now at the lowest bearish level since October 28th when bearish positions equaled -35,824 contracts.
Over the weekly reporting time-frame, from Tuesday February 3rd to Tuesday February 10th, the yield on the 10-Year treasury note rose strongly from 1.79 percent to 2.01 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 |
| 01/06/2015 | 2671228 | 311511 | 554691 | -243180 | 18102 | 1.97 |
| 01/13/2015 | 2701144 | 338855 | 520439 | -181584 | 61596 | 1.91 |
| 01/20/2015 | 2693860 | 376312 | 521910 | -145598 | 35986 | 1.82 |
| 01/27/2015 | 2673543 | 346739 | 454631 | -107892 | 37706 | 1.83 |
| 02/03/2015 | 2624479 | 341432 | 460212 | -118780 | -10888 | 1.79 |
| 02/10/2015 | 2557786 | 406758 | 451574 | -44816 | 73964 | 2.01 |
*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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