By CountingPips.com
Weekly CFTC Net Speculator Report
Large Speculators bearish positions jump to a total of -155,174 contracts
10 Year Treasuries: Large futures market traders sharply increased their overall bearish bets in the 10-year treasury note futures last week to their highest level of 2014, 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 -155,174 contracts in the data reported for April 8th. This was a change of -86,398 contracts from the previous week’s total of -68,776 net contracts that was recorded on April 1st.
The overall bearish standing in the 10-year note futures contracts represents the highest level since December 31st when positions equaled -173,674 net contracts. The previous highest bearish position level of 2014 was registered on February 4th with a total of -135,301 contracts which coincided with a 10-year yield of 2.64%.
Over the weekly reporting time-frame, from Tuesday April 1st to Tuesday April 8th, the yield on the 10-Year treasury note fell from 2.77 to a yield of 2.69, 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 |
| 03/04/2014 | 2407282 | 312136 | 413506 | -101370 | -88403 | 2.70 |
| 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 |
| 04/08/2014 | 2572114 | 327159 | 482333 | -155174 | -86398 | 2.69 |
*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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