As rates are expected to be left unchanged in this week’s FOMC meeting, inflation expectations for next year have firmed up a tad. Rates on the long end of the curve are near crucial support after reaching multi-year highs, even … Continued
Following futures positions of non-commercials are as of October 20, 2026. 10-year note: Currently net short 964.3k, down 23.8k. The FOMC (Federal Open Market Committee) meets next week. The policy-making body is meeting after having unanimously raised the fed funds … Continued
Large-cap bulls last week squandered an opportunity to leave a decisive mark on the S&P 500 and Nasdaq 100. Those chances instead went begging, leaving the door open for the bears to inflict more pain. Going into last week, the … Continued
Following futures positions of non-commercials are as of October 13, 2026. 10-year note: Currently net short 988.1k, up 91.6k. Last week, after a massive rally, the 10-year treasury yield gave out subtle signs of fatigue. This week, it gave back … Continued
Equity bulls are positioned well to pull off a decisive breakout on both the S&P 500 and Nasdaq 100. Help may come from rates and crude oil. The 10-year treasury yield has had a hell of a move in recent … Continued
Following futures positions of non-commercials are as of October 6, 2026. 10-year note: Currently net short 896.5k, down 4.1k. The persisting strength in the 10-year treasury yield has been the talk of the town. In February this year, these notes … Continued
Several crosscurrents are at work in the investing land currently. Equity bulls are at a stage when they are having to celebrate a disappointing jobs report. But the Fed currently is not focused as much on jobs as it is … Continued
Following futures positions of non-commercials are as of September 29, 2026. 10-year note: Currently net short 900.6k, up 88.9k. FOMC minutes for the September 15-16 meeting are due out Wednesday. The fed funds rate was raised by 25 basis points … Continued
In a market that is too top-heavy, large-cap equity indices are struggling to decisively break out to new highs. At last Tuesday’s intraday high of 7782, equity bulls rallied the S&P 500 within 0.4 percent of the all-time high of … Continued
Following futures positions of non-commercials are as of September 22, 2026. 10-year note: Currently net short 811.8k, down 9.5k. Lateral support at 4.75s on the 10-year treasury yield was never tested, with this week’s low taking place at 4.93 percent … Continued