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Speculators decreased 10-Year Treasury Note bearish positions last week

Sunday, January 11, 2015 12:15
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(Before It's News)

By CountingPips.com

Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note

10T




CFTC Futures data shows speculators decreased their bearish bets last week

10 Year Treasuries: Large 10-Year Note futures traders trimmed their overall bearish bets last week after raising bearish bets four out of the previous five 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, primarily traded by large speculators and hedge funds, totaled a net position of -243,180 contracts in the data reported for January 6th. This was a weekly change of +18,102 net contracts from the previous week’s total of -261,282 net contracts that was recorded on December 30th.

For the week, the overall standing long positions in 10-year futures rose by 29,796 contracts offsetting the gain in short positions by 11,694 contracts to register the overall net change of +18,102 contracts for the week.

Over the weekly reporting time-frame, from Tuesday December 30th to Tuesday January 6th, the yield on the 10-Year treasury note fell sharply from 2.20 percent to 1.97 percent, according to data from the United States Treasury Department.

Last 6 Weeks of Large Trader Non-Commercial Positions

Date Open Interest Long Specs Short Specs Net Large Specs Weekly Change 10 Year Yield
12/02/2014 2670284 344423 506947 -162524 -87197 2.28
12/09/2014 2628838 305733 507068 -201335 -38811 2.22
12/16/2014 2693428 273398 531648 -258250 -56915 2.07
12/23/2014 2585587 274132 510048 -235916 22334 2.26
12/30/2014 2606841 281715 542997 -261282 -25366 2.20
01/06/2015 2671228 311511 554691 -243180 18102 1.97



*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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).




Article by CountingPips.comForex Trading Apps



Source: http://countingpips.com/2015/01/speculators-decreased-10-year-treasury-note-bearish-positions-last-week/

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