Following futures positions of non-commercials are as of Jan 13, 2026. 10-year note: Currently net short 870.5k, down 45k. Non-commercials reduced net shorts in 10-year note futures by 4.9 percent this week, but they maintain a heavy bearish exposure. Yields … Continued
Margin debt rose to a fresh high last month and has a potential to keep rising in the next few months, but only if equity bulls manage to defend important support on the major indices in the imminent selloff. FINRA … Continued
Nasdaq and NYSE short interest just hit a new high. With stocks showing strong momentum, short squeeze is always possible, but the major equity indices are also giving out signs of fatigue. Having had difficulty converting potentially bearish candles into … Continued
Following futures positions of non-commercials are as of Sep 23, 2025. 10-year note: Currently net short 844.1k, up 24.8k. The 10-year treasury yield has approached a crucial spot. It finished up five basis points this week to 4.19 percent, with … Continued
Following futures positions of non-commercials are as of Sep 16, 2025. 10-year note: Currently net short 819.3k, down 38.7k. As expected, the Federal Reserve lowered the fed funds rate by 25 basis points to a range of 400 basis points … Continued
Following futures positions of non-commercials are as of Sep 2, 2025. 10-year note: Currently net short 868.4k, down 15.5k. Non-farm payrolls continue to disappoint. August only produced 22,000 jobs, with June revised lower into a minus column – the first … Continued
Following futures positions of non-commercials are as of Aug 26, 2025. 10-year note: Currently net short 883.8k, down 61.7k. Unlike his first four-year term, President Donald Trump’s preoccupation with the Federal Reserve has gone up meaningfully during his second term. … Continued
The stark difference between large- and small-cap performance remains a thorn in the side of the bull market. This is also corroborated in the June-quarter earnings numbers thus far. In the meantime, as tech-led large-caps snapped back sharply last week, … Continued
Following futures positions of non-commercials are as of July 22, 2025. 10-year note: Currently net short 749.5k, down 22.8k. The Federal Open Market Committee (FOMC) meets next week. The two-day (Tuesday-Wednesday) affair will be the fifth scheduled meeting this year, … Continued
Following futures positions of non-commercials are as of July 15, 2025. 10-year note: Currently net short 772.4k, down 68.2k. The 10-year treasury yield edged up a basis point this week to 4.43 percent, but not before ticking 4.49 percent intraday … Continued