Following futures positions of non-commercials are as of October 27, 2020. 10-year note: Currently net long 16.2k, down 6.8k. The FOMC meets next week. After this, only one meeting remains this year, slated for December 15-16. It will be interesting … Continued
Following futures positions of non-commercials are as of October 20, 2020. 10-year note: Currently net long 23k, down 52.3k. Treasury yields are rallying. The 10-year (0.84 percent) Friday unsuccessfully tested its 200-day moving average, even as the 30-year (1.65 percent) … Continued
Following futures positions of non-commercials are as of October 13, 2020. 10-year note: Currently net long 75.3k, up 5.7k. After taking a one-month pause through early July, the Federal Reserve once again is accumulating assets. In the week to Wednesday, … Continued
Following futures positions of non-commercials are as of October 6, 2020. 10-year note: Currently net long 69.5k, down 59.1k. The 30-year Treasury yield (1.57 percent) this week broke through its 200-day moving average (1.55 percent), having taken out the 50-day … Continued
Following futures positions of non-commercials are as of September 29, 2020. 10-year note: Currently net long 128.6k, up 46.4k. FOMC minutes for the September 15-16 meeting are due out Wednesday. Rates at that meeting were obviously left unchanged between zero … Continued
Following futures positions of non-commercials are as of September 22, 2020. 10-year note: Currently net long 82.2k, up 67.4k. Several Fed officials this week stressed on the need for Congress to get its act together and provide fiscal help. This … Continued
Following futures positions of non-commercials are as of September 15, 2020. 10-year note: Currently net long 14.8k, up 5.3k. The Fed Wednesday said rates will stay zero-bound through the end of 2023. The fed funds rate in March was lowered … Continued
Following futures positions of non-commercials are as of September 8, 2020. 10-year note: Currently net long 9.5k, up 23k. The FOMC meets this week. After the Tuesday-Wednesday meeting, two more remain this year – November 4-5 and December 15-16. As … Continued
Following futures positions of non-commercials are as of September 1, 2020. 10-year note: Currently net short 13.5k, up 85.8k. The 10-year Treasury yield (0.72 percent) remains rangebound between 0.57 percent and 0.74 percent. There was some excitement among bond bears … Continued
Following futures positions of non-commercials are as of August 25, 2020. 10-year note: Currently net long 72.3k, down 14.7k. The 10-year Treasury yield (0.73 percent) is itching to break out of a five-and-a-half-month rectangle between 0.57 percent and 0.74 percent. … Continued