By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
Large Speculator 10 year note bearish positions rise for 2nd week
10 Year Treasuries: Large 10 Year Note futures traders raised their overall bearish bets last week for a second straight week and to the largest bearish position since mid-October, 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 -112,458 contracts in the data reported for November 11th. This was a weekly change of -65,172 net contracts from the previous week’s total of -47,286 net contracts that was recorded on November 4th.
For the week, the overall standing long positions in 10-year futures decreased by 23,822 contracts while the short positions rose by 41,350 contracts to register the net change of -65,172 contracts on the week.
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The weekly increase in bearish positions brought the overall bearish level to its highest standing since October 14th when net positions equaled -123,168 contracts.
Over the weekly reporting time-frame, from Tuesday November 4th to Tuesday November 11th, the yield on the 10-Year treasury note edged higher from 2.35 percent to 2.38 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 |
| 10/07/2014 | 2708628 | 403809 | 496138 | -92329 | -79824 | 2.36 |
| 10/14/2014 | 2801826 | 419942 | 543110 | -123168 | -30839 | 2.21 |
| 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 |
*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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