Speculator Increase Overall Bearish Position In 10-Year Treasury Note

 | Dec 07, 2013 09:13AM ET

Weekly CFTC Net Speculator Report

10 Year Treasuries:
Large trader and futures market speculators increased their overall bearish positions in the 10-year treasury note futures after cutting back on bearish bets the previous three 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, traded by large speculators and hedge funds, totaled a net position of -167,360 contracts in the data for December 3rd. This was a change of -11,806 contracts from the previous week’s total of -155,554 net contracts that was registered on November 26th.

Over the same time-frame, the yield on the 10-Year treasury note increased from 2.71 on Tuesday November 26th to a yield of 2.79 on Tuesday December 3rd, according to US Treasury data.