By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
CFTC Futures data shows speculators continued to push bearish bets higher
10 Year Treasuries: Large 10-Year Note futures traders continued to add to their overall bearish bets last week as bearish positions have increased five out of the last six 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 -201,335 contracts in the data reported for December 9th. This was a weekly change of -38,811 net contracts from the previous week’s total of -162,524 net contracts that was recorded on December 2nd.
For the week, the overall standing long positions in 10-year futures fell by -38,690 contracts and combined with a small rise in the short positions by just 121 contracts to register the net change of -38,811 contracts for the week.
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Bearish positions have now reached their highest level of the last two years at over -200,000 contracts.
Over the weekly reporting time-frame, from Tuesday December 2nd to Tuesday December 9th, the yield on the 10-Year treasury note receded downwards from 2.28 percent to 2.22 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 |
| 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 |
| 11/25/2014 | 3032735 | 386471 | 461798 | -75327 | 52001 | 2.27 |
| 12/02/2014 | 2670284 | 344423 | 506947 | -162524 | -87197 | 2.28 |
| 12/09/2014 | 2628838 | 305733 | 507068 | -201335 | -38811 | 2.22 |
*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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