Weekly CFTC Net Speculator Report
Large Speculators net bearish positions drop to a total of -19,078 contracts
U.S. 10-Year Treasurt Note Large futures market traders and speculators sharply decreased bearish bets in the 10-year treasury note futures last week to the lowest level since February, 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 -19,078 contracts in the data reported for May 27th. This was a change of +78,817 net contracts from the previous week’s total of -97,895 net contracts that was recorded on May 20th.
The decrease in bearish positions of the 10-Year Note last week brings the overall net positions to the lowest bearish level since February 25th when positions stood at -12,967 contracts. For the week, long positions fell by 52,135 contracts but were more than offset by the huge decline in short positions by 130,952 contracts to show a +78,817 net change for the week.
Over the weekly reporting time-frame, from Tuesday May 20th to Tuesday May 27th, the yield on the 10-Year treasury note closed at the same level of 2.52 percent, according to data from the United States Treasury Department.
Disclaimer: 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).