Following futures positions of non-commercials are as of March 16, 2021. 10-year note: Currently net long 4.1k, up 50.2k. The FOMC left the benchmark rate between zero and 25 basis points this week. Also left unchanged was the asset buying … Continued
Following futures positions of non-commercials are as of March 9, 2021. 10-year note: Currently net short 46.1k, down 49.5k. The FOMC meets next week. This is the year’s second meeting. Six more remain – the scheduled ones, that is. A … Continued
Following futures positions of non-commercials are as of March 2, 2021. 10-year note: Currently net short 95.6k, up 98.4k. Chair Jerome Powell apparently failed to calm bond-market nerves on Thursday – or at least that is how markets’ reaction would … Continued
Following futures positions of non-commercials are as of February 23, 2021. 10-year note: Currently net long 2.8k, down 100.6k. Bond vigilantes and central banks look ready for a duel. The former fired the opening salvo, with long rates rising meaningfully … Continued
Following futures positions of non-commercials are as of February 16, 2021. 10-year note: Currently net long 103.4k, up 23.9k. The 10-year treasury yield had a mini breakout this week at 1.2 percent. This was preceded by a breakout six weeks … Continued
Following futures positions of non-commercials are as of February 9, 2021. 10-year note: Currently net long 79.5k, up 20.9k. Minutes for the January 26-27 FOMC meeting – the first of eight scheduled meetings this year – will be out Wednesday. … Continued
Following futures positions of non-commercials are as of February 2, 2021. 10-year note: Currently net long 58.7k, up 21.8k. So far so good from bond bears’ perspective (from price point of view). After having failed just under one percent for … Continued
Following futures positions of non-commercials are as of January 26, 2021. 10-year note: Currently net long 36.9k, down 9.7k. Wednesday’s intraday drop to one percent has so far been a successful retest of the breakout three weeks ago, when the … Continued
Following futures positions of non-commercials are as of January 19, 2021. 10-year note: Currently net long 46.6k, up 96.8k. A two-day FOMC meeting begins on Tuesday. This is the first meeting of the year – one of the eight scheduled … Continued
Following futures positions of non-commercials are as of January 12, 2021. 10-year note: Currently net short 50.2k, up 77.9k. No sooner than the 10-year treasury yield rallied past one percent than several Fed officials, including Chair Jerome Powell on Thursday, … Continued