By CountingPips.com
Weekly CFTC Net Speculator Report
10 Year Treasuries: Large trader and futures market speculators cut back on their overall bearish positions in the 10-year treasury note futures for a third straight week on November 26th, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The COT report was released on Monday instead of the usual Friday due to last week’s US holiday. The non-commercial futures contracts of the 10-year treasury notes, traded by large speculators and hedge funds, totaled a net position of -155,554 contracts in the data for November 26th. This was a change of +24,809 contracts from the previous week’s total of -180,363 net contracts that was recorded on November 19th. The past three weeks have seen the 10-Year bearish positions retreat from the November 5th level which had marked the highest bearish position in 10-year notes in 2013.
Over the last week’s time-frame, the yield on the 10-Year treasury note recorded the same level of 2.71 on Tuesday November 19th as the 2.71 registered on Tuesday November 26th, according to US Treasury data.
Last 6 Weeks of Large Trader Positions
| Date | Net Large Specs | Weekly Change | 10 Year Yield |
| 10/22/2013 | -142550 | -42762 | 2.54 |
| 10/29/2013 | -125670 | 16880 | 2.53 |
| 11/05/2013 | -189188 | -63518 | 2.69 |
| 11/12/2013 | -181079 | 8109 | 2.8 |
| 11/19/2013 | -180363 | 716 | 2.71 |
| 11/26/2013 | -155554 | 24809 | 2.71 |
*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 News & Analysis
