Weekly CFTC Net Speculator Report
10 Year Treasuries: Large futures market traders and speculators raised their overall bearish bets in the 10-year treasury note futures last week, 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 -43,295 contracts in the data reported for June 3rd. This was a change of -24,217 net contracts from the previous week’s total of -19,078 net contracts that was recorded on May 27th.
The rebound in bearish positions of the 10-Year Note last week brings the overall net positions off of the lowest bearish level since February 25th. For the week, long positions rose by 3,792 contracts but were offset by the rise in short positions by 28,009 contracts to show a -24,217 net change for the week.
Over the weekly reporting time-frame, from Tuesday May 27th to Tuesday June 3rd, the yield on the 10-Year treasury note rose from 2.52 percent to 2.60 percent, according to data from the United States Treasury Department.
*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).