Following futures positions of non-commercials are as of July 18, 2017. 10-year note: Currently net long 282.3k, up 25.3k. Through Wednesday, $1.1 billion moved into TLT (iShares 20+year Treasury bond ETF) this month (courtesy of ETF.com). In late April, non-commercials … Continued
Following futures positions of non-commercials are as of July 11, 2017. 10-year note: Currently net long 257k, down 5.9k. On Tuesday, markets interpreted Fed Chair Janet Yellen’s Humphrey Hawkins testimony as dovish. Ten-year T-yields fell four basis points to 2.33 … Continued
Following futures positions of non-commercials are as of July 3, 2017. 10-year note: Currently net long 263k, down 39.1k. The speed by which long rates rose the past couple of weeks took many by surprise. Intraday between June 26 and … Continued
Following futures positions of non-commercials are as of June 27, 2017. 10-year note: Currently net long 302.1k, down 43.1k. Rising asset prices were once again a talk of the Fed town. On Tuesday, Janet Yellen, Fed chair, Stanley Fischer, vice-chair, … Continued
Following futures positions of non-commercials are as of June 20, 2017. 10-year note: Currently net long 345.2k, up 71.2k. Last week, 10-year T-yields lost – albeit ever so slightly – a rising trend line from last July. Back then, yields … Continued
Following futures positions of non-commercials are as of June 13, 2017. 10-year note: Currently net long 274k, up 61.9k. Market reaction to the FOMC decision Wednesday smacked of confusion, to say the least. As expected, the Fed raised the fed … Continued
Following futures positions of non-commercials are as of June 6, 2017. 10-year note: Currently net long 212.1k, down 46.1k. The Fed is all set to hike next week. Futures are pricing in 99.6-percent odds of a 25-basis-point increase. This will … Continued
Following futures positions of non-commercials are as of May 30, 2017. 10-year note: Currently net long 258.2k, down 104.3k. “If the tension between the progress on employment and the lack of progress on inflation persists, it may lead me to … Continued
Following futures positions of non-commercials are as of May 23, 2017. 10-year note: Currently net long 362.5k, up 122.5k. FOMC minutes for the May 2-3 meeting were released Wednesday. Post-statement, futures priced in 83 percent odds of a 25-basis-point hike … Continued
Following futures positions of non-commercials are as of May 16, 2017. 10-year note: Currently net long 240k, up 10.9k. Non-commercials nailed it. In the prior week, they had built net longs to the highest since December 2007, and were rewarded. … Continued