By CountingPips.com
Weekly CFTC Net Speculator Report
Large Speculators bearish positions increase to a total of -162,278 contracts
10 Year Treasuries: Large futures market traders added to their overall bearish bets in the 10-year treasury note futures last week for a 4th week and to the highest bearish level of 2014, 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 -162,278 contracts in the data reported for April 15th. This was a change of -7,104 contracts from the previous week’s total of -155,174 net contracts that was recorded on April 8th.
The current level in the 10-year note futures contracts marks the highest bearish level since December 31st when net bearish positions totaled -173,674 contracts.
Over the weekly reporting time-frame, from Tuesday April 8th to Tuesday April 15th, the yield on the 10-Year treasury note declined from 2.69 to a yield of 2.64, according to data from the United States Treasury Department.
Last 6 Weeks of Large Trader Non-Commercial Positions
| Date | Open Interest | Long Specs | Short Specs | Net Large Specs | Weekly Change | 10 Year Yield |
| 03/11/2014 | 2412737 | 301102 | 419312 | -118210 | -16840 | 2.77 |
| 03/18/2014 | 2441194 | 360226 | 415240 | -55014 | 63196 | 2.68 |
| 03/25/2014 | 2490662 | 333722 | 395487 | -61765 | -6751 | 2.75 |
| 04/01/2014 | 2503964 | 346901 | 415677 | -68776 | -7011 | 2.77 |
| 04/08/2014 | 2572114 | 327159 | 482333 | -155174 | -86398 | 2.69 |
| 04/15/2014 | 2497347 | 344056 | 506334 | -162278 | -7104 | 2.64 |
*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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