US 10-Year Treasury Note Speculators Added Bearish Positions
Zachary Storella | Feb 17, 2014 12:49AM ET
Weekly CFTC Net Speculator Report
Large Speculators positions continue to be at most bearish level since December 31st
10-Year Treasuries: Large futures market traders added to their overall bearish positions in the 10-year treasury note futures for a fourth straight week last 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, traded by large speculators and hedge funds, totaled a net position of -142,533 contracts in the data reported for February 11th. This was a change of -7,232 contracts from the previous week’s total of -135,301 net contracts that was registered on February 4th. This latest data pushes the 10-Year large speculator positions to a new most bearish level since December 31st when net positions equaled -173,674 contracts.
Over the same reporting time-frame, from Tuesday February 4th to Tuesday February 11th, the yield on the 10-Year treasury note rose from 2.64 to a yield of 2.75, according to data from the United States Treasury Department.
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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).
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