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10-Year Treasury Note Speculators raised bearish positions for 2nd week
By CountingPips.com
Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
CFTC Futures data shows speculators added to their overall bearish positions
10 Year Treasuries: Large 10-year note futures traders pushed their overall bearish bets higher last week for a second consecutive 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, primarily traded by large speculators and hedge funds, totaled a net position of -109,710 contracts in the data reported for February 24th. This was a weekly change of -42,502 net contracts from the previous week’s total of -67,208 net contracts that was recorded on February 17th.
For the week, the overall standing long positions in 10-year futures declined sharply by -43,019 contracts while the short positions dipped by just -517 contracts to register the overall net change of -42,502 contracts for the week.
The 10-year futures speculator positions are now at the most bearish level since February 3rd and also surpassed the -100,000 contract level for the first time in three weeks.
Over the weekly reporting time-frame, from Tuesday February 17th to Tuesday February 24th, the yield on the 10-Year treasury note slid from 2.14 percent to 1.99 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 |
| 01/20/2015 | 2693860 | 376312 | 521910 | -145598 | 35986 | 1.82 |
| 01/27/2015 | 2673543 | 346739 | 454631 | -107892 | 37706 | 1.83 |
| 02/03/2015 | 2624479 | 341432 | 460212 | -118780 | -10888 | 1.79 |
| 02/10/2015 | 2557786 | 406758 | 451574 | -44816 | 73964 | 2.01 |
| 02/17/2015 | 2593586 | 403111 | 470319 | -67208 | -22392 | 2.14 |
| 02/24/2015 | 2667037 | 360092 | 469802 | -109710 | -42502 | 1.99 |
*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.com – Forex Trading Apps
Source: http://countingpips.com/2015/02/10-year-treasury-note-speculators-raised-bearish-positions-for-2nd-week/
