Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note
CFTC Futures data shows speculators reduced bearish bets
10-Year Treasuries Non-Commercial Positions:
Large US 10 Year T-Note Futures traders and speculators cut back on their overall bearish positions last week for a second straight 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 -85,838 contracts in the data reported for May 19th. This was a weekly change of +46,606 net contracts from the previous week’s total of -132,444 net contracts that was recorded on May 12th.
For the week, the overall standing long positions in 10-year futures jumped by +44,377 contracts while the short positions edged lower by -2,229 contracts to register the overall net change of +50,672 contracts for the week.
Over the same weekly reporting time-frame, from Tuesday May 12th to Tuesday May 19th, the yield on the 10-Year treasury note edged lower from 2.28 percent to 2.27 percent, according to data from the United States Treasury Department.
Commercial Positions:
In the commercial positions for the 10-year note on the week, the commercials (hedgers or traders engaged in buying and selling for business purposes) cut their overall net bullish positions for a second week to a total net position of +237,296 contracts through May 19th. This is a weekly change of -53,610 contracts from the total net position of +290,906 contracts on May 12th.
*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).