The following are futures positions of non-commercials as of February 2, 2016. Change is week-over-week. 10-year note: There you go! Again. Less than three months after instituting the first rate hike in nine years, Fed officials are behaving as if … Continued
The following are futures positions of non-commercials as of January 26, 2016. Change is week-over-week. 10-year note: Two important developments took place this week in central banking. First, the Fed. This week’s FOMC meeting was a non-event. No interest-rate decision … Continued
The following are futures positions of non-commercials as of January 19, 2016. Change is week-over-week. 10-year note: The International Monetary Fund lowers – again – its outlook for global economic growth this year. Warning of bumpier rides, especially in the … Continued
The following are futures positions of non-commercials as of January 12, 2016. Change is week-over-week. 10-year note: With crude oil tanking the way it has, it is worth taking note that oil does correlate with inflation expectations. Already, the 10-year … Continued
The following are futures positions of non-commercials as of January 5, 2016. Change is week-over-week. 10-year note: The World Bank, warning of an increase in risks to the global economy, expects growth this year to come in at 2.9 percent, … Continued
The following are futures positions of non-commercials as of December 29, 2015. Change is week-over-week. (Due to New Year’s Day last week, the CFTC released numbers on Monday, instead of last Friday.) 10-year note: ‘Will it or wouldn’t it?’ was … Continued
The following are futures positions of non-commercials as of December 22, 2015. Change is week-over-week. (Due to Christmas last week, the CFTC released numbers on Monday, instead of last Friday.) 10-year note: The Chicago Fed’s National Financial Conditions Index (NFCI) … Continued
The following are futures positions of non-commercials as of December 15, 2015. Change is week-over-week. 10-year note: Call it ‘dovish’ or ‘hawkish’, the Fed finally followed through on its first hike in nine years. The fed funds rate stayed zero-bound … Continued
The long-awaited liftoff is here. On Wednesday, the target range for the fed funds rate was raised to 0.25 percent to 0.5 percent – from the previous range of zero to 0.25 percent. This is the first hike since 2006; … Continued
The year’s last FOMC meeting begins today. Tomorrow, we will probably witness the first rate hike in nine years. On June 29, 2006, the fed funds rate was pushed up by 25 basis points to 5.25 percent, and stayed there … Continued