US 10-Year Treasury Note Speculators cut back on bearish positions from 2014 high

By CountingPips.com

Weekly CFTC Net Speculator Report




10-Year

Large Speculators bearish positions decline to a total of -145,865 contracts

10 Year Treasuries: Large futures market traders decreased their overall bearish bets in the 10-year treasury note futures last week after four straight weeks of rising bearish positions, 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 -145,865 contracts in the data reported for April 22nd. This was a change of +16,413  contracts from the previous week’s total of -162,278 net contracts that was recorded on April 15th.

The current level in the 10-year note futures contracts is the lowest bearish level in three weeks after reaching the highest bearish level of 2014 on April 15th.

Over the weekly reporting time-frame, from Tuesday April 15th to Tuesday April 22nd, the yield on the 10-Year treasury note advanced from 2.64 to a yield of 2.73, 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
03/18/2014 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
04/15/2014 2497347 344056 506334 -162278 -7104 2.64
04/22/2014 2493544 349474 495339 -145865 16413 2.73



*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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