US 10-Year Treasury Note Speculators sharply increased bearish bets last week

By CountingPips.com

Weekly CFTC Net Speculator Report

Large Speculators are at most bearish level since January 7th as Yields decline

10 Year Treasuries: Large futures market traders sharply added to 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, primarily traded by large speculators and hedge funds, totaled a net position of -117,759 contracts in the data reported for January 28th. This was a change of -59,368 contracts from the previous week’s total of -58,391 net contracts that was recorded on January 21st. The latest data is the most bearish participants have been since January 7th when net positions equaled -128,045 contracts.

Over the same reporting time-frame, from Tuesday January 21st to Tuesday January 28th, the yield on the 10-Year treasury note fell from 2.85 to a yield of 2.77, according to data from the United States Treasury Department.

Last 6 Weeks of Large Trader Non-Commercial Positions

*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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