The following are futures positions of non-commercials as of April 28, 2015. Change is week-over-week. 10-year note: The week was a head-scratcher from the standpoint of bond vigilantes’ reaction. The 10-year yield rallied hard on a very weak 1Q15 GDP … Continued
The following are futures positions of non-commercials as of April 21, 2015. Change is week-over-week. 10-year note: Are bond vigilantes expecting a hawkish tone from the FOMC next week? The latter meets on 28-29. For the most part, macro data … Continued
The following are futures positions of non-commercials as of April 14, 2015. Change is week-over-week. 10-year note: The 10-year yield fell in all five sessions. Friday could have been different as March core CPI was initially treated as hawkish, but … Continued
The following are futures positions of non-commercials as of April 7, 2015. Change is week-over-week. 10-year note: Interesting times, indeed! Mexico this week issued a 100-year bond denominated in euros. This is not the first time that nation has tapped … Continued
The following are futures positions of non-commercials as of March 31, 2015. Change is week-over-week. 10-year note: At some point, the streak had to end. For 12 months to February, U.S. non-farm payroll grew 200k-plus month-over-month. Consensus was for that … Continued
The following are futures positions of non-commercials as of February 24 (Tuesday). Change is week-over-week. 10-year note: Non-commercials are doing it again. They increased net shorts by 63 percent in the latest reporting period. Turns out they picked a wrong … Continued
The following are futures positions of non-commercials as of February 10 (Tuesday). Change is week-over-week. 10-year note: The 10-year yield tacked on another seven basis points for the week. Daily indicators are now grossly overbought. It is also right at … Continued
The following are futures positions of non-commercials as of February 3 (Tuesday). Change is week-over-week. 10-year note: The 10-year yield has risen from 1.65 to 1.94 in five sessions. But it also dropped 52 basis points in January, and that … Continued
10-yr Treasury yield rises, diverging from loads of weaker-than-expected macro data recently There is no shortage of reason to argue for lower yield, even so sentiment can get extended Levels bond bulls will be drawn to if they believe rates … Continued
The following are futures positions of non-commercials as of January 27 (Tuesday). Change is week-over-week. 10-year note: Can we say squeeze? Since the end of December, net shorts have dropped 59 percent, even as the 10-year yield has collapsed 50 … Continued