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10-Year Treasury Note Speculators raised bearish positions for 2nd week

Saturday, February 28, 2015 8:27
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(Before It's News)

By CountingPips.com

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

10-year




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.comForex Trading Apps



Source: http://countingpips.com/2015/02/10-year-treasury-note-speculators-raised-bearish-positions-for-2nd-week/

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