US 10-Year Treasury Speculators trimmed bearish positions last week, Yield declines

By CountingPips.com

Weekly CFTC Net Speculator Report

10 Year Treasuries: Large trader and futures market speculators decreased their overall bearish positions last week in the 10-year treasury notes after adding to bearish positions the previous week. The 10-year treasury non-commercial contracts totaled a net position of -89,107 contracts in the data reported for September 24th. This was a change of +36,919 contracts from the previous week’s total of -126,026 net contracts that was registered on September 17th.

In the same time-frame, the yield on the 10 Year treasury note declined from 2.86 on Tuesday September 17th to 2.67 on Tuesday September 24th, according to US Treasury data.





Last 6 Weeks of Large Trader Positions

Date Net Large Specs Weekly Change 10 Year Yield
08/20/2013 -24840 41592 2.82
08/27/2013 -110825 -85985 2.72
09/03/2013 -103094 7731 2.86
09/10/2013 -85324 17770 2.96
09/17/2013 -126026 -40702 2.86
09/24/2013 -89107 36919 2.67



*COT explanation: The weekly cot 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).




Article by CountingPips.comCurrency Trading News

 

FX_Trdr