By CountingPips.com
Weekly CFTC Net Speculator Report
10 Year Treasuries: Large futures market traders slightly raised their overall bearish positions in the 10-year treasury note futures last 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 -58,391 contracts in the data reported for January 21st. This was a change of -7,601 contracts from the previous week’s total of -50,790 net contracts that was recorded on January 14th. The -50,790 contract level, on January 14th, had marked the lowest bearish standing since October 1st when the net contracts totaled -28,536.
Over the same reporting time-frame, from Tuesday January 14th to Tuesday January 21st, the yield on the 10-Year treasury note declined from 2.88 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 | Open Interest | Net Large Specs | Weekly Change | 10 Year Yield |
| 12/17/2013 | 2188276 | -155209 | -5180 | 2.85 |
| 12/24/2013 | 2163928 | -105768 | 49441 | 2.99 |
| 12/31/2013 | 2211389 | -173674 | -67906 | 3.04 |
| 01/07/2014 | 2214170 | -128045 | 45629 | 2.96 |
| 01/14/2014 | 2197399 | -50790 | 77255 | 2.88 |
| 01/21/2014 | 2232869 | -58391 | -7601 | 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).
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