By CountingPips.com
Weekly CFTC Net Speculator Report
10 Year Treasuries: Large speculators and futures market traders decreased their overall bearish positions in the 10-year treasury note futures last week, 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, traded by large speculators and hedge funds, totaled a net position of -128,045 contracts in the data reported for January 7th. This was a change of +45,629 contracts from the previous week’s total of -173,674 net contracts that was recorded on December 31st.
Over the same reporting time-frame, from Tuesday December 31st to Tuesday January 7th, the yield on the 10-Year treasury note fell from 3.04 to a yield of 2.96, according to data from the United States Treasury Department.
Last 6 Weeks of Large Trader Non-Commercial Positions
| Date | Open Interest | Net Large Specs | Weekly Change | 10 Year Yield |
| 12/03/2013 | 2459449 | -167360 | -11806 | 2.79 |
| 12/10/2013 | 2292555 | -150029 | 17331 | 2.81 |
| 12/17/2013 | 2188276 | -155209 | -5180 | 2.85 |
| 12/24/2013 | 2163928 | -105768 | 49441 | 2.99 |
| 12/31/2013 | 2211389 | -173674 | -67906 | 3.04 |
| 01/07/2014 | 2214170 | -128045 | 45629 | 2.96 |
*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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