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10-Year Large Speculators Trim Net Bearish Positions

Published 05/31/2015, 01:28 AM
Updated 07/09/2023, 06:31 AM

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

10Yr Net Speculator Positions Chart

CFTC Futures data shows speculators pared bearish bets

10-Year Treasuries Non-Commercial Positions:

Large 10-year treasury note futures traders and speculators trimmed their overall bearish positions last week for a third 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 -83,534 contracts in the data reported for May 26th. This was a weekly change of +2,304 net contracts from the previous week’s total of -85,838 net contracts that was recorded on May 19th.

For the week, the overall standing long positions in 10-year futures declined by -6,812 contracts, while the short positions fell lower by -9,116 contracts, to register the overall net change of +2,304 contracts for the week.

Over the same weekly reporting time-frame, from Tuesday May 19th to Tuesday May 26th, the yield on the 10-Year treasury note edged lower from 2.27 percent to 2.14 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) decreased their overall net bullish positions for a third straight week to a total net position of +224,446 contracts through May 26th. This is a weekly change of -12,850 contracts from the total net position of +237,296 contracts on May 19th.

10Yr net Commercial Positions Chart

Last 6 Weeks Trader Positions Chart

*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).

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