By CountingPips.com
Weekly CFTC Net Speculator Report
Large Speculators bearish positions increase to a total of -68,776 contracts
10 Year Treasuries: Large futures market traders raised their overall bearish bets in the 10-year treasury note futures last week for a second consecutive week and to their highest level in the past three 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 -68,776 contracts in the data reported for April 1st. This was a change of -7,011 contracts from the previous week’s total of -61,765 net contracts that was recorded on March 25th.
Over the weekly reporting time-frame, from Tuesday March 25th to Tuesday April 1st, the yield on the 10-Year treasury note rose for a second straight week and from 2.75 to a yield of 2.77, 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 |
| 02/25/2014 | 2513746 | 333437 | 346404 | -12967 | 44177 | 2.7 |
| 03/04/2014 | 2407282 | 312136 | 413506 | -101370 | -88403 | 2.7 |
| 03/11/2014 | 2412737 | 301102 | 419312 | -118210 | -16840 | 2.77 |
| 03/18/2014 | 2441194 | 360226 | 415240 | -55014 | 63196 | 2.68 |
| 03/25/2014 | 2490662 | 333722 | 395487 | -61765 | -6751 | 2.75 |
| 04/01/2014 | 2503964 | 346901 | 415677 | -68776 | -7011 | 2.77 |
*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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