Weekly CFTC COT Net Speculator Report
Large Speculators net bearish positions rise to -69,358 contracts
U.S. 10-Year Treasuries: Large futures market speculators added to their net bearish bets in the 10-year treasury note futures last week for the fourth time in the previous five weeks, 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 -69,358 contracts in the data reported for July 1st. This was a change of -42,066 net contracts from the previous week’s total of -27,292 net contracts that was recorded on June 24th.
For the week, long positions in 10 Year futures rose by just 1,723 contracts while the short positions increased by 43,789 contracts to register an overall net change of -42,066 contracts on the week.
Over the weekly reporting time-frame, from Tuesday June 24th to Tuesday July 1st, the yield on the 10-Year treasury note edged lower from 2.59 percent to 2.58 percent, according to data from the United States Treasury Department.
Last 6 Weeks of Large Trader Non-Commercial Positions
Disclaimer: 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).