Last week, Fed officials threw cold water on incipient taper talk, making it clear they would continue to purchase treasury securities. This followed a backup this month in rates in the long end of the treasury yield curve, with the … 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
Following futures positions of non-commercials are as of January 5, 2021. 10-year note: Currently net long 27.7k, up 2.4k. After losing one percent last March, bond bears (on price) had been unable to reclaim the level. That ended Wednesday when … Continued
Following futures positions of non-commercials are as of December 29, 2020 (data was made public this Monday instead of last Friday due to New Year’s holiday). 10-year note: Currently net long 25.2k, down 24.9k. FOMC minutes for the December 15-16 … Continued
Following futures positions of non-commercials are as of December 22, 2020 (data was made public this Monday instead of last Friday due to Christmas holiday). 10-year note: Currently net long 50.2k, up 22.8k. Once again last week, bond bears (on … Continued
Following futures positions of non-commercials are as of December 15, 2020. 10-year note: Currently net long 27.4k, down 1.8k. Covid-19 vaccine or not, Fed Chair Jerome Powell is not wearing rose-colored glasses as far as the US economy is concerned … Continued
The FOMC meets this week. The Fed already has unlimited QE in place. Not much is expected to come out of this meeting. If anything, aware that low rates are needed, Mr. Powell may drop a hint or two that … Continued
Following futures positions of non-commercials are as of December 8, 2020. 10-year note: Currently net long 29.2k, up 3.4k. The FOMC meets next week. The two-day meeting ends on Wednesday with a press conference by Chair Jerome Powell. This is … Continued
Following futures positions of non-commercials are as of December 1, 2020. 10-year note: Currently net long 25.7k, down 89.2k. Once again, the 10-year Treasury yield (0.97 percent) is back at testing the one percent level. Friday, rates rose as high … Continued
Following futures positions of non-commercials are as of November 24, 2020 (data published this Monday instead of last Friday due to Thanksgiving holiday). 10-year note: Currently net long 115k, down 37.3k. The 10-year Treasury yield (0.84 percent) has come under … Continued