US 10-Year Treasury Note Futures Speculators Trim Bearish Positions
Zachary Storella | Nov 18, 2013 12:55AM ET
Weekly CFTC Net Speculator Report
10 Year Treasuries: Large trader and futures market speculators trimmed their overall bearish positions in the 10-year treasury note futures on November 12th, according to 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 -181,079 contracts in the data reported for November 12th. This was a change of +8,109 contracts from the previous week’s total of -189,188 net contracts that was registered on November 5th. The data for November 5th had marked the highest bearish position in 10-year notes in 2013.
Over the same time-frame, the yield on the 10-Year treasury note increased from 2.69 on Tuesday November 5th to 2.80 on Tuesday November 12th, according to US Treasury data.
*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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