Following futures positions of non-commercials are as of May 24, 2022. 10-year note: Currently net short 225.1k, up 65k. May has one session to go before the month is over. The 10-year treasury yield is on course for a potentially … Continued
US stocks continued their downward trend last week. Both the S&P 500 and the Nasdaq suffered their seventh consecutive weekly drops. Amidst this also came flashes of hope. The Russell 2000, a risk-on barometer, failed to make a lower low … Continued
Following futures positions of non-commercials are as of May 17, 2022. 10-year note: Currently net short 160.1k, up 74.1k. FOMC minutes for the May 3-4 meeting will be out next Wednesday. The fed funds rate was raised by 50 basis … Continued
Following futures positions of non-commercials are as of May 10, 2022. 10-year note: Currently net short 86k, down 61.6k. It is probable the 10-year treasury yield made an important high this week. Rates touched 3.17 percent intraday Monday before reversing … 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 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
Following futures positions of non-commercials are as of December 28, 2021. 10-year note: Currently net short 213.3k, down 126k. FOMC minutes for the December 14-15 meeting come out on Wednesday. This was a meeting in which markets essentially forced the … Continued
Following futures positions of non-commercials are as of December 7, 2021. 10-year note: Currently net short 267k, down 46.4k. This year’s final FOMC meeting takes place next week. Last week, Jerome Powell, Fed chair, floated the idea of accelerated taper … Continued
Under pressure in recent weeks, major US equity indices ended last week right on support. In a seasonally favorable period, virtually no one thinks the latest decline can – and will – turn nasty. For that not to happen, bulls … Continued
Following futures positions of non-commercials are as of November 30, 2021. 10-year note: Currently net short 313.4k, down 10k. In the week to Wednesday, Federal Reserve assets dropped $31.4 billion from record $8.7 trillion a week ago. In early March … Continued