By CountingPips.com
Weekly CFTC Net Speculator Report
Large Speculators bearish positions rose for a second straight week
10 Year Treasuries: Large futures market traders raised their overall bearish bets in the 10-year treasury note futures last week for a second week in a row, 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 -118,210 contracts in the data reported for March 11th. This was a change of -16,840 contracts from the previous week’s total of -101,370 net contracts that was registered on March 4th.
Bearish positions of the 10-year note are now at the highest level since February 11th when contracts were at -142,533 positions.
Over the same reporting time-frame, from Tuesday March 4th to Tuesday March 11th, the yield on the 10-Year treasury note rose from 2.70 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 |
| 02/04/2014 | 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 |
| 03/04/2014 | 2407282 | 312136 | 413506 | -101370 | -88403 | 2.7 |
| 03/11/2014 | 2412737 | 301102 | 419312 | -118210 | -16840 | 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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