Following futures positions of non-commercials are as of March 5, 2019. 10-year note: Currently net short 233.4k, down 619. The rally in the 10-year Treasury yield (2.63 percent) from July 2016, when rates bottomed at 1.34 percent, ended last October … Continued
Following futures positions of non-commercials are as of October 9, 2018. 10-year note: Currently net short 622.4k, down 117.8k. Back in July 2016, the 10-year Treasury rate (3.14 percent) bottomed at 1.34 percent. Since then, it has made higher lows. … Continued
Following futures positions of non-commercials are as of September 25, 2018. 10-year note: Currently net short 756.3k, up 71.6k. Markets versus the Fed. Odds of a collision next year continue to rise. Post-FOMC meeting this week, the dot plot kept … Continued
Following futures positions of non-commercials are as of September 18, 2018. 10-year note: Currently net short 684.7k, up 2k. The 10-year Treasury rate (3.07 percent) has once again reached a battle zone. The last time these notes yielded just north … Continued
For the first time in a while, equity bears may be looking at an opening. Bulls Wednesday defended nearest support on major US equity indices, but breach risks are rising. Kudos to the bulls who this year have withstood many … Continued
Following futures positions of non-commercials are as of August 7, 2018. 10-year note: Currently net short 586.3k, down 3.8k. The 10-year Treasury yield (2.86 percent) continues to work on a potentially bearish head-and-shoulders formation. On August 1, it hit 3.02 … Continued
Arguably, US stocks are giving off some signs of fatigue. The S&P 500 large cap index (2840.35) is still below its late-January high of 2872.87. The Nasdaq 100 index (7395.49) in the week before was rejected at six-month-old channel resistance; … Continued
Following futures positions of non-commercials are as of July 31, 2018. 10-year note: Currently net short 590.1k, up 80.6k. The first paragraph of this week’s FOMC statement contains the word “strong” twice and “strongly” once in describing the economy. This … Continued
Following futures positions of non-commercials are as of May 22, 2018. 10-year note: Currently net short 358.6k, down 23.3k. Ten-year Treasury yields (2.93 percent) bottomed intraday at 2.72 percent on April 2, then quickly rose to 3.12 percent on May … Continued
Here is a brief review of period-over-period change in short interest in the May 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) Two weeks ago, XLB (59.33) broke out from a late-January falling trend line, but building … Continued