10-Year Treasury Note Large Speculators Reduced Bearish Positions
Zachary Storella | May 17, 2015 01:46AM ET
Weekly CFTC COT Net Speculator Report | US 10 Year T-Note
CFTC Futures data shows speculators decreased bearish bets
10-Year Treasuries Non-Commercial Positions:
Large 10-year treasury note futures traders and speculators reduced their overall bearish positions last week as weekly positions continued the trend of fluctuating back and forth week to 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 -132,444 contracts in the data reported for May 12th. This was a weekly change of +50,672 net contracts from the previous week’s total of -183,116 net contracts that was recorded on May 5th.
For the week, the overall standing long positions in 10-year futures rose by +9,600 contracts while the short positions dropped by -41,072 contracts to register the overall net change of +50,672 contracts for the week.
Over the same weekly reporting time-frame, from Tuesday May 5th to Tuesday May 12th, the yield on the 10-Year treasury note bounced higher from 2.19 percent to 2.28 percent, according to data from the United States Treasury Department.
Commercial Positions:
In the commercial positions for the 10-year note on the week, the commercials (hedgers or traders engaged in buying and selling for business purposes) decreased their overall bullish positions to a total net position of +290,906 contracts through May 12th. This is a weekly change of -19,443 contracts from the total net position of +310,349 contracts on May 5th.
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*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).
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