Following futures positions of non-commercials are as of April 19, 2022. 10-year note: Currently net short 332.3k, up 32.4k. A 50-basis-point increase in the fed funds rate is pretty much sealed in the May 3-4 meeting. Jerome Powell, Federal Reserve … Continued
Following futures positions of non-commercials are as of April 12, 2022. 10-year note: Currently net short 299.9k, down 62.9k. That the 10-year treasury yield has gone parabolic in recent weeks is no exaggeration. As recently as March 1, rates tagged … Continued
Following futures positions of non-commercials are as of April 5, 2022. 10-year note: Currently net short 362.9k, down 113.7k. Minutes for the March 15-16 FOMC meeting, out Wednesday, revealed that the Federal Reserve plans to shrink its balance sheet by … Continued
Following futures positions of non-commercials are as of March 29, 2022. 10-year note: Currently net short 476.6k, up 212.7k. FOMC minutes for the March 15-16 meeting are scheduled for Wednesday. At the meeting, the Federal Reserve raised the fed funds … Continued
Following futures positions of non-commercials are as of March 22, 2022. 10-year note: Currently net short 263.8k, down 57.2k. At last, Jerome Powell seems to have gotten religion. Or so it seems. On Monday, the Federal Reserve chair delivered very … Continued
Following futures positions of non-commercials are as of March 15, 2022. 10-year note: Currently net short 321k, down 56.7k. The Federal Reserve kicked off its rate hiking cycle this week by pushing up the fed funds rate by 25 basis … Continued
Following futures positions of non-commercials are as of March 8, 2022. 10-year note: Currently net short 377.7k, up 11.9k. Next Tuesday, a two-day FOMC meeting begins. This is the year’s second; six more remain after this. Ahead of this, fed … Continued
Following futures positions of non-commercials are as of March 1, 2022. 10-year note: Currently net short 365.8k, up 80.7k. Talk about a whiplash! The 10-year treasury yield went from 2.07 percent to 1.68 percent in nine sessions. That is a … Continued
Following futures positions of non-commercials are as of February 22, 2022. 10-year note: Currently net short 285.1k, up 111k. After back-to-back weekly spinning tops in 10-year treasury rates in the last two weeks, bond bears (on price) defended 1.86 percent … Continued
Following futures positions of non-commercials are as of February 15, 2022. 10-year note: Currently net short 174.1k, down 27.8k. Inflation has persisted much longer and broadened to more industries than the Fed initially – and stubbornly – expected. Benchmark interest … Continued