By CountingPips.com
Weekly CFTC Net Speculator Report
10 Year Treasuries: Large trader and futures market speculators raised their overall bearish positions by the largest amount since late August in the 10-year treasury note futures for November 5th, according to data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of the 10-year treasury notes, traded by large speculators and hedge funds, totaled a net position of -189,188 contracts in the data reported for November 5th. This was a change of -63,518 contracts from the previous week’s total of -125,670 net contracts that was registered on October 29th. This most recent data represents the highest bearish position in 10-year notes in 2013 and the biggest change in non-commercial positions since August 27th when positions declined by -85,985 contracts.
Over the same time-frame, the yield on the 10-Year treasury note increased from 2.53 on Tuesday October 29th to 2.69 on Tuesday November 5th, according to US Treasury data.
Last 6 Weeks of Large Trader Positions
| Date | Net Large Specs | Weekly Change | 10 Year Yield |
| 10/01/2013 | -28536 | 60571 | 2.66 |
| 10/08/2013 | -87571 | -59035 | 2.66 |
| 10/15/2013 | -99788 | -12217 | 2.75 |
| 10/22/2013 | -142550 | -42762 | 2.54 |
| 10/29/2013 | -125670 | 16880 | 2.53 |
| 11/05/2013 | -189188 | -63518 | 2.69 |
*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 News & Analysis
