By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
CFTC Futures data shows speculators decreased their bearish bets last week
10 Year Treasuries: Large 10-Year Note futures traders trimmed their overall bearish bets last week after raising bearish bets four out of the previous five weeks, 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 -243,180 contracts in the data reported for January 6th. This was a weekly change of +18,102 net contracts from the previous week’s total of -261,282 net contracts that was recorded on December 30th.
For the week, the overall standing long positions in 10-year futures rose by 29,796 contracts offsetting the gain in short positions by 11,694 contracts to register the overall net change of +18,102 contracts for the week.
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Over the weekly reporting time-frame, from Tuesday December 30th to Tuesday January 6th, the yield on the 10-Year treasury note fell sharply from 2.20 percent to 1.97 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 |
| 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 |
| 01/06/2015 | 2671228 | 311511 | 554691 | -243180 | 18102 | 1.97 |
*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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