CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of May 14, 2019. 10-year note: Currently net short 352.8k, up 22.3k. Last October, the 10-year Treasury yield (2.39 percent) peaked at 3.25 percent before coming under sustained pressure.  It bottomed at 2.36 … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of April 23, 2019. 10-year note: Currently net short 323.8k, up 48.1k. After getting rejected at 2.61 percent Wednesday last week, the 10-year Treasury yield (2.51 percent) went after that level again this … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of April 16, 2019. 10-year note: Currently net short 275.7k, up 14.1k. The support-turned-resistance at 2.62 percent was tested – unsuccessfully – Wednesday when the 10-year yield (2.56 percent) rallied to 2.61 percent.  … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of April 9, 2019. 10-year note: Currently net short 261.6k, up 37.3k. During the week, job openings painted a mixed picture.  Non-farm job openings (JOLTS) for February dropped 538,000 month-over-month to 7.1 million.  … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of April 2, 2019. 10-year note: Currently net short 224.2k, up 57.7k. The 10-year Treasury rate (2.5 percent) rallied nine basis points this week.  Support around the intraday low of 2.36 percent eight … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of March 26, 2019. 10-year note: Currently net short 166.3k, up 2.3k. Mid-December last year, the 10-year Treasury rate lost a trend line from July 2016 when it bottomed at 1.34 percent.  This … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of March 19, 2019. 10-year note: Currently net short 164k, down 12.5k. The Fed Wednesday held interest rates steady at 225-250 basis points.  This was expected.  What was not expected was the dovish … Continued

Fed Takes Sharper-Than-Expected Dovish Turn, Stocks Yawn

The Fed Wednesday held interest rates steady.  No surprise there.  But the bank was even more dovish than markets expected.  That was a surprise.  Even more surprising is how stocks reacted. The Fed Wednesday left the fed funds rate unchanged … Continued