Following futures positions of non-commercials are as of November 19, 2024. 10-year note: Currently net short 907.5k, up 91.7k. The 10-year treasury yield began the week strong with Monday touching 4.49 percent intraday but only to reverse and close at … Continued
The Russell 2000 just made a three-year round trip but fell slightly short of posting a new high. The economy continues to perform well – a plus – but long rates have diverged with short rates, which cannot be a … Continued
Following futures positions of non-commercials are as of November 12, 2024. 10-year note: Currently net short 815.8k, down 2.5k. On the back of stronger-than-expected data – from consumer and wholesale inflation to retail sales as well as Chair Jerome Powell’s … Continued
Following futures positions of non-commercials are as of November 5, 2024. 10-year note: Currently net short 818.3k, down 82.9k. The fed funds rate was lowered by 25 basis points as expected. The benchmark rates are now down 75 basis points … Continued
Following futures positions of non-commercials are as of October 29, 2024. 10-year note: Currently net short 901.2k, up 53k. The FOMC meets next week on Tuesday-Wednesday. A 25-basis-point cut is priced in. Immediately after the policy-setting body reduced the fed … Continued
Following futures positions of non-commercials are as of October 22, 2024. 10-year note: Currently net short 848.2k, down 16.9k. Non-commercials have reduced their net shorts in 10-year note futures by 25.9 percent from the week to October 1 when they … Continued
Following futures positions of non-commercials are as of October 15, 2024. 10-year note: Currently net short 865.1k, down 95.1k. In the week to October 1, non-commercials were net short a record 1,143,889 contracts in 10-year note futures. In the subsequent … Continued
Following futures positions of non-commercials are as of October 8, 2024. 10-year note: Currently net short 960.1k, down 183.8k. The 10-year treasury yield continued to rally – now up four weeks in a row, with the addition of nine more … Continued
Following futures positions of non-commercials are as of October 1, 2024. 10-year note: Currently net short 1,143.9k, up 118.6k. Yet another record high in non-commercials’ net shorts in 10-year note futures! These traders are obviously positioned for higher rates, and … Continued
Following futures positions of non-commercials are as of September 24, 2024. 10-year note: Currently net short 1,025.3k, down 68.7k. In August, headline and core PCE, which is the Federal Reserve’s favorite inflation metric, increased 2.24 percent and 2.68 percent, in … Continued