Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
Large Speculator 10 year note positions rise fall back to bearish side
10-Year Treasuries: Large futures speculators pushed their overall positions back into a bearish territory last week after being on the bullish side the previous 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 -12,505 contracts in the data reported for September 30th. This was a weekly change of -21,349 net contracts from the previous week’s total of +8,844 net contracts that was recorded on September 23rd.
For the week, the standing long positions in 10-year futures declined by 10,161 contracts while the short positions rose by 11,188 contracts to register the overall net change of -21,349 contracts on the week. 10-year note speculative positions have flucuated the past three weeks from bearish to bullish and back again last week.
Over the weekly reporting time-frame, from Tuesday September 23rd to Tuesday September 30th, the yield on the 10-Year treasury note dipped from 2.54 percent to 2.52 percent, 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 |
| 08/26/2014 | 2854257 | 418061 | 410121 | 7940 | 51474 | 2.39 |
| 09/02/2014 | 2721411 | 382415 | 465073 | -82658 | -90598 | 2.42 |
| 09/09/2014 | 2757225 | 440215 | 473482 | -33267 | 49391 | 2.50 |
| 09/16/2014 | 2659350 | 443518 | 450317 | -6799 | 26468 | 2.60 |
| 09/23/2014 | 2649936 | 460039 | 451195 | 8844 | 15643 | 2.54 |
| 09/30/2014 | 2731029 | 449878 | 462383 | -12505 | -21349 | 2.52 |
*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).