By CountingPips.com
Weekly CFTC Net Speculator Report
Large Speculators bearish positions decline for 2nd straight week
10 Year Treasuries: Large futures market traders cut back on their overall bearish positions in the 10-year treasury note futures last week to the lowest level since July 2013, 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 -12,967 contracts in the data reported for February 25th. This was a change of +44,177 contracts from the previous week’s total of -57,144 net contracts that was registered on February 18th.
This latest data brings bearish contracts of the 10-year note to the lowest level since July 30th when contracts were on the bullish side at +11,903 positions.
Over the same reporting time-frame, from Tuesday February 18th to Tuesday February 25th, the yield on the 10-Year treasury note edged lower from 2.71 to a yield of 2.70, 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 |
| 01/21/2014 | 2232869 | 315980 | 374371 | -58391 | -7601 | 2.85 |
| 01/28/2014 | 2334109 | 298913 | 416672 | -117759 | -59368 | 2.77 |
| 02/04/2014 | 2382511 | 308867 | 444168 | -135301 | -17542 | 2.64 |
| 02/11/2014 | 2410966 | 322845 | 465378 | -142533 | -7232 | 2.75 |
| 02/18/2014 | 2430028 | 380817 | 437961 | -57144 | 85389 | 2.71 |
| 02/25/2014 | 2513746 | 333437 | 346404 | -12967 | 44177 | 2.7 |
*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).
Article by CountingPips.com – Forex Trading Apps
