By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
Large Speculator bearish positions rise off lowest level in a year
10 Year Treasuries: Large futures market traders and speculators rebooted their net bearish bets in the 10-year treasury note futures after three straight weeks of declining bearish positions, 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 -45,131 contracts in the data reported for August 5th. This was a change of -39,325 net contracts from the previous week’s total of just -5,806 net contracts that was recorded on July 29th.
For the week, long positions in 10 Year futures fell by 20,376 contracts while the short positions increased by 18,949 contracts to register the overall net change of -39,325 contracts on the week. Non-commercial net positions were at their least bearish level in just about a year on July 29th before last week’s rebound in bearish bets. Overall, 10-year treasury note non-commercial positions have continuously remained on the bearish side since July 30 2013.
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Over the weekly reporting time-frame, from Tuesday July 29th to Tuesday August 5th, the yield on the 10-Year treasury note nudged higher from 2.47 percent to 2.49 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 |
| 07/01/2014 | 2603368 | 404469 | 473827 | -69358 | -42066 | 2.58 |
| 07/08/2014 | 2686230 | 376657 | 473429 | -96772 | -27414 | 2.58 |
| 07/15/2014 | 2625979 | 425550 | 479176 | -53626 | 43146 | 2.56 |
| 07/22/2014 | 2723060 | 467442 | 505601 | -38159 | 15467 | 2.48 |
| 07/29/2014 | 2764504 | 473286 | 479092 | -5806 | 32353 | 2.47 |
| 08/05/2014 | 2814975 | 452910 | 498041 | -45131 | -39325 | 2.49 |
*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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