US 10-Year Treasury Note Speculators bearish bets rose last week in futures

By CountingPips.com

Weekly CFTC Net Speculator Report






10 Year Treasuries: Large trader and futures market speculators added to their overall bearish positions in the 10-year treasury note futures after decreasing bearish bets the previous week, 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, traded by large speculators and hedge funds, totaled a net position of -155,209 contracts in the data reported for December 17th. This was a change of -5,180 contracts from the previous week’s total of -150,029 net contracts that was registered on December 10th. The December 10th level had marked the lowest bearish position since October 29th when bearish contracts were at a total of -125,670.

Over the same seven-day time-frame, from Tuesday December 10th to Tuesday December 17th, the yield on the 10-Year treasury note increased from 2.81 to a yield of 2.85, according to data from the United States Treasury Department.


Last 6 Weeks of Large Trader Non-Commercial Positions

Date Net Large Specs Weekly Change 10 Year Yield
11/12/2013 -181079 8109 2.8
11/19/2013 -180363 716 2.71
11/26/2013 -155554 24809 2.71
12/03/2013 -167360 -11806 2.79
12/10/2013 -150029 17331 2.81
12/17/2013 -155209 -5180 2.85



*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.comForex Trading News & Analysis

 

 

 

FX_Trdr