By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
CFTC Futures data shows speculators bearish bets at highest level in 4 years
10 Year Treasuries: Large 10-Year Note futures traders increased their overall bearish bets last week for the fourth 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 new year’s holiday.
The non-commercial futures contracts of the 10-year treasury notes, primarily traded by large speculators and hedge funds, totaled a net position of -261,282 contracts in the data reported for December 31st. This was a weekly change of -25,366 net contracts from the previous week’s total of -235,916 net contracts that was recorded on December 23rd.
For the week, the overall standing long positions in 10-year futures rose by 7,583 contracts but were more than offset by a rise in short positions by 32,949 contracts to register the overall net change of -25,366 contracts for the week.
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Over the weekly reporting time-frame, from Tuesday December 23rd to Tuesday December 31st, the yield on the 10-Year treasury note declined from 2.26 percent to 2.20 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 |
| 11/25/2014 | 3032735 | 386471 | 461798 | -75327 | 52001 | 2.27 |
| 12/02/2014 | 2670284 | 344423 | 506947 | -162524 | -87197 | 2.28 |
| 12/09/2014 | 2628838 | 305733 | 507068 | -201335 | -38811 | 2.22 |
| 12/16/2014 | 2693428 | 273398 | 531648 | -258250 | -56915 | 2.07 |
| 12/23/2014 | 2585587 | 274132 | 510048 | -235916 | 22334 | 2.26 |
| 12/30/2014 | 2606841 | 281715 | 542997 | -261282 | -25366 | 2.20 |
*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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