US 10-Year Treasury Speculators increased bearish positions last week

By CountingPips.com

Weekly CFTC Net Speculator Report

10 Year Treasuries: Large trader and speculator positions for 10-year treasury notes in the futures markets decreased last week for a second straight week and to the most bearish position of 2013. 10-year treasury non-commercial contracts decreased to a total net position of -66,432 contracts in the data reported for August 13th. This is a decline of -46,336 contracts from the previous week’s total of -20,096 net contracts on August 6th. In the same time-frame, the yield on the 10 Year treasury note rose from 2.67 on Tuesday August 6th to 2.71 on Tuesday August 13th, according to US Treasury data.


10year


Last 6 Weeks of Large Trader Positions

DateNet Large SpecsWeekly Change
07/09/2013-47110-24193
07/16/20131773564845
07/23/2013-32312-50047
07/30/20131190344215
08/06/2013-20096-31999
08/13/2013-66432-46336



*COT explanation: The weekly cot 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).




Article by CountingPips.comForex News & Market Analysis