By CountingPips.com
Weekly CFTC Net Speculator Report
Large Speculators net bearish positions fell to a total of -114,425 contracts
10 Year Treasuries: Large futures market traders and speculators decreased their overall bearish bets in the 10-year treasury note futures for a second straight week 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 -114,425
contracts in the data reported for April 29th. This was a change of +31,440 contracts from the previous week’s total of -145,865 net contracts that was recorded on April 22nd.
The 10-Year Note non-commercial bearish positions have now fallen for two straight weeks and to the lowest level since April 1st when net positions equaled -68,776 contracts.
Over the weekly reporting time-frame, from Tuesday April 22nd to Tuesday April 29th, the yield on the 10-Year treasury note slipped from 2.73 to a yield of 2.71, 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 |
| 03/25/2014 | 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 |
| 04/22/2014 | 2493544 | 349474 | 495339 | -145865 | 16413 | 2.73 |
| 04/29/2014 | 2528687 | 332918 | 447343 | -114425 | 31440 | 2.71 |
*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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