By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
Large Speculator 10 year note bearish positions rise for 3rd week
10 Year Treasuries: Large 10-Year Note futures traders pushed their overall bearish bets higher last week for the third straight week and to the largest bearish position since May, 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 -127,328 contracts in the data reported for November 18th. This was a weekly change of -14,870 net contracts from the previous week’s total of -112,458 net contracts that was recorded on November 11th.
For the week, the overall standing long positions in 10-year futures rose by 8,337 contracts but were more than offset by the short positions which increased by 23,207 contracts to register the net change of -14,870 contracts for the week.
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The weekly increase in bearish positions brought the overall bearish level to its highest standing since May 6th when net positions equaled -129,409 contracts.
Over the weekly reporting time-frame, from Tuesday November 11th to Tuesday November 18th, the yield on the 10-Year treasury note declined from 2.38 percent to 2.32 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 |
| 10/14/2014 | 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 |
| 11/18/2014 | 2902018 | 398903 | 526231 | -127328 | -14870 | 2.32 |
*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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