Following futures positions of non-commercials are as of April 28, 2020. 10-year note: Currently net short 49.4k, up 15.3k. In the week ended February 11th, non-commercials held 398,919 net shorts in 10-year note futures. On the 12th that month, the … Continued
Following futures positions of non-commercials are as of April 21, 2020. 10-year note: Currently net short 34.1k, down 36.7k. The FOMC meets next week. A two-day meeting begins Tuesday. This comes after March’s hectic schedule which included two unscheduled meetings. … Continued
Following futures positions of non-commercials are as of April 7, 2020. 10-year note: Currently net short 61k, up 8k. The Fed continues to spread its policy tentacles. During the financial crisis of 2007-2008, it began to aggressively purchase Treasury securities … Continued
Following futures positions of non-commercials are as of March 31, 2020. 10-year note: Currently net short 53k, down 159k. In the week to Wednesday, SOMA (System Open Market Account) holdings went up another $432.2 billion to $4.77 trillion – a … Continued
Following futures positions of non-commercials are as of March 10, 2020. 10-year note: Currently net short 214.6k, up 57.9k. Next week, the FOMC meets. This follows a 50-basis-point emergency cut of last week, to a range of 100 to 125 … Continued
Major U.S. equity indices have rallied massively – particularly since the lows of December 2018. Throughout this, money-market funds kept rising. In recent weeks, they have dropped a tad. If this is the beginning of a trend, bulls will be … Continued
Following futures positions of non-commercials are as of February 4, 2020. 10-year note: Currently net short 358.9k, up 88.5k. One more week of additional liquidity from the Fed! In the week to Wednesday, SOMA (System Open Market Account) holdings went … Continued
Bulls put foot down. Bears had an opening but were unable to make much out of it. Another opportunity to take on the snorting bulls may be just around the corner. Since the S&P 500 large cap index (3297.59) peaked … Continued
Following futures positions of non-commercials are as of November 5, 2019. 10-year note: Currently net short 231.5k, up 115.4k. The 10-year Treasury yield (1.93 percent) bottomed on September 3 at 1.43 percent. Since then, rates have formed higher lows, followed … Continued
Following futures positions of non-commercials are as of October 29, 2019. 10-year note: Currently net short 116.1k, up 31.7k. As expected, the FOMC delivered a 25-basis-point cut in the fed funds rate this week. This was a third straight cut … Continued