By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
CFTC Futures data shows speculators added slightly to bearish positions
10 Year Treasuries: Large 10-year note futures traders added to their overall bearish bets last week for the first time in five weeks, 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 -118,780 contracts in the data reported for February 3rd. This was a weekly change of -10,888 net contracts from the previous week’s total of -107,892 net contracts that was recorded on January 27th.
For the week, the overall standing long positions in 10-year futures decreased by 5,307 contracts while the short positions that saw a rise by 5,581 contracts to register the overall net change of -10,888 contracts for the week.
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The 10-year futures speculator position had fallen to the lowest bearish level since November 25th before last week’s increase in bearish positions.
Over the weekly reporting time-frame, from Tuesday January 27th to Tuesday February 3rd, the yield on the 10-Year treasury note decreased from 1.83 percent to 1.79 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 |
| 12/30/2014 | 2606841 | 281715 | 542997 | -261282 | -25366 | 2.20 |
| 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 |
*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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