10-Year Treasury Note Speculators reduced overall bearish positions for 2nd week

March 21, 2015

By CountingPips.com

Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note




CFTC Futures data shows speculators bearish bets fell for 2nd week

10 Year Treasuries: Large 10-year treasury note futures traders and speculators trimmed their overall bearish positions last week for a second straight 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 -107,530 contracts in the data reported for March 17th. This was a weekly change of +30,727 net contracts from the previous week’s total of -138,257 net contracts that was recorded on March 10th.

For the week, the overall standing long positions in 10-year futures rose by 14,050 contracts while the short positions fell by 16,677 contracts to register the overall net change of +30,727 contracts for the week.


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Over the weekly reporting time-frame, from Tuesday March 10th to Tuesday March 17th, the yield on the 10-Year treasury note decreased from 2.14 percent to 2.06 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
02/10/2015 2557786 406758 451574 -44816 73964 2.01
02/17/2015 2593586 403111 470319 -67208 -22392 2.14
02/24/2015 2667037 360092 469802 -109710 -42502 1.99
03/03/2015 2602234 353595 493069 -139474 -29764 2.12
03/10/2015 2616675 376634 514891 -138257 1217 2.14
03/17/2015 2629131 390684 498214 -107530 30727 2.06



*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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