By CountingPips.com
Weekly CFTC Net Speculator Report
Large Speculators net bearish positions rise to a total of -129,409 contracts
10 Year Treasuries: Large futures market traders and speculators added to their overall bearish bets in the 10-year treasury note futures last week following two weeks of declining bearish bets, 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 -129,409 contracts in the data reported for May 6th. This was a change of -14,984 contracts from the previous week’s total of -114,425 net contracts that was recorded on April 29th.
The 10-Year Note non-commercial net bearish positions had declined for two consecutive weeks and to the lowest level since April 1st before last week’s rise in bearish positions.
Over the weekly reporting time-frame, from Tuesday April 29th to Tuesday May 6th, the yield on the 10-Year treasury note decreased from 2.71 to a yield of 2.61, 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 |
| 04/01/2014 | 2503964 | 346901 | 415677 | -68776 | -7011 | 2.77 |
| 04/08/2014 | 2572114 | 327159 | 482333 | -155174 | -86398 | 2.69 |
| 04/15/2014 | 2497347 | 344056 | 506334 | -162278 | -7104 | 2.64 |
| 04/22/2014 | 2493544 | 349474 | 495339 | -145865 | 16413 | 2.73 |
| 04/29/2014 | 2528687 | 332918 | 447343 | -114425 | 31440 | 2.71 |
| 05/06/2014 | 2618485 | 340698 | 470107 | -129409 | -14984 | 2.61 |
*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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