US 10-Year Treasury Note: Speculators Raise Bearish Bets
Zachary Storella | Feb 10, 2014 12:23AM ET
Weekly CFTC Net Speculator Report
10 Year Treasuries: Large futures market traders increased their overall bearish positions in the 10-year treasury note futures for a third 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 -135,301 contracts in the data reported for February 4th. This was a change of -17,542 contracts from the previous week’s total of -117,759 net contracts that was recorded on January 28th. The latest data brings the 10-Year large speculator positions to the most bearish level since December 31st when net positions equaled -173,674 contracts.
Over the same reporting time-frame, from Tuesday January 28th to Tuesday February 4th, the yield on the 10-Year treasury note fell from 2.77 to a yield of 2.64, according to data from the United States Treasury Department.
*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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