US 10-Year Treasury Note Speculators cut bearish p

US 10-Year Treasury Note Speculators cut bearish positions to lowest level in 6 weeks

Weekly CFTC Net Speculator Report

10 Year Treasuries: Large trader and futures market speculators decreased their overall bearish positions in the 10-year treasury note futures after adding to bearish bets the previous 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 -150,029 contracts in the data reported for December 10th. This was a change of +17,331 contracts from the previous week’s total of -167,360 net contracts that was registered on December 3rd. The December 10th level marks the lowest bearish position since October 29th when bearish contracts were at a total of -125,670.

Over the same time-frame, the yield on the 10-Year treasury note increased from 2.79 on Tuesday December 3rd to a yield of 2.81 on Tuesday December 10th, according to US Treasury data.

Last 6 Weeks of Large Trader Positions

Date	Net Large Specs	Weekly Change	10 Year Yield
11/05/2013	-189188	-63518	2.69
11/12/2013	-181079	8109	2.8
11/19/2013	-180363	716	2.71
11/26/2013	-155554	24809	2.71
12/03/2013	-167360	-11806	2.79
12/10/2013	-150029	17331	2.81

*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 News & Analysis

Source: http://countingpips.com/2013/12/us-10-year-treasury-note-speculators-decrease-bearish-positions/