By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
CFTC Futures data shows speculators bearish at -162,524 contracts
10 Year Treasuries: Large 10-Year Note futures traders sharply added to their overall bearish bets higher last week as bearish positions have increased four out of the last five weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday due to US holiday last week.
The non-commercial futures contracts of the 10-year treasury notes, primarily traded by large speculators and hedge funds, totaled a net position of -162,524 contracts in the data reported for December 2nd. This was a weekly change of -87,197 net contracts from the previous week’s total of -75,327 net contracts that was recorded on November 25th.
For the week, the overall standing long positions in 10-year futures fell by -42,048 contracts and combined with a rise in the short positions by 45,149 contracts to register the net change of -87,197 contracts for the week.
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Over the weekly reporting time-frame, from Tuesday November 25th to Tuesday December 2nd, the yield on the 10-Year treasury note edged up from 2.27 percent to 2.28 percent, 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 |
| 10/21/2014 | 2832490 | 456726 | 546736 | -90010 | 33158 | 2.23 |
| 10/28/2014 | 2726427 | 431242 | 467066 | -35824 | 54186 | 2.30 |
| 11/04/2014 | 2767604 | 414388 | 461674 | -47286 | -11462 | 2.35 |
| 11/11/2014 | 2786466 | 390566 | 503024 | -112458 | -65172 | 2.38 |
| 11/18/2014 | 2902018 | 398903 | 526231 | -127328 | -14870 | 2.32 |
| 11/25/2014 | 3032735 | 386471 | 461798 | -75327 | 52001 | 2.27 |
| 12/02/2014 | 2670284 | 344423 | 506947 | -162524 | -87197 | 2.28 |
*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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