Following futures positions of non-commercials are as of September 14, 2021. 10-year note: Currently net long 129.4k, up 128.6k. The FOMC meets next week. This will be the 6th scheduled meeting this year, and two more remain – one in … Continued
Following futures positions of non-commercials are as of September 7, 2021. 10-year note: Currently net long 780, up 30.6k. Once again on Tuesday, the 10-year treasury yield faced stiff resistance at just under 1.4 percent; the session high 1.39 percent … Continued
Following futures positions of non-commercials are as of August 31, 2021. 10-year note: Currently net short 29.8k, up 143.1k. Twice in August, the 10-year treasury yield retreated after ticking 1.38 percent. This was just before testing broken-support-turned-resistance at low-1.40s. Back … Continued
Following futures positions of non-commercials are as of August 24, 2021. 10-year note: Currently net long 113.3k, down 31.9k. It turned out to be quite an anticlimax – Federal Reserve Chair Jerome Powell’s virtual speech at the Jackson Hole symposium, … Continued
Following futures positions of non-commercials are as of August 17, 2021. 10-year note: Currently net long 145.2k, up 36.4k. Next week is the annual Jackson Hole symposium, where Jerome Powell, Federal Reserve chair, will speak on “the economic outlook.” It … Continued
Following futures positions of non-commercials are as of August 10, 2021. 10-year note: Currently net long 108.8k, up 21.1k. FOMC minutes for the July 27-28 meeting are due out on Wednesday. In that meeting, it was stated that progress has … Continued
Following futures positions of non-commercials are as of August 3, 2021. 10-year note: Currently net long 87.7k, down 76.8k. A total of 5.7 million and counting. That is the number of non-farm jobs needed to match the pre-pandemic high of … Continued
Following futures positions of non-commercials are as of July 20, 2021. 10-year note: Currently net long 88.9k, up 32.9k. Next week, the FOMC meets. This is the year’s fifth policy meeting, and three more remain. A lot has happened since … Continued
Following futures positions of non-commercials are as of July 13, 2021. 10-year note: Currently net long 56k, up 81.6k. One more month in which inflation overshoots the consensus. In June, headline and core CPI jumped 5.3 percent and 4.5 percent … Continued
Following futures positions of non-commercials are as of July 6, 2021. 10-year note: Currently net short 25.6k, down 34.4k. On Tuesday, slicing through low-1.40s, the 10-year (1.36 percent) broke not one, two but triple support – four-month descending channel, 11-month … Continued