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 December 21, 2021. 10-year note: Currently net short 339.3k, up 65.4k. December thus far has been a month in which the 10-year treasury yield has been through lots of ups and downs … Continued
The 50-day on the S&P 500 was once again defended. Households’ equity exposure is on course for yet another high in 3Q, even as margin debt jumped to yet another record in August. Amidst these signs of excesses, the Fed … Continued
Following futures positions of non-commercials are as of December 3, 2019. 10-year note: Currently net short 221.9k, up 76.2k. Next week, the FOMC meets. It is this year’s eighth and last meeting. Markets do not expect the Fed to move. … Continued
Following futures positions of non-commercials are as of November 26, 2019 (data was published Monday instead of last Friday due to Thanksgiving holiday). 10-year note: Currently net short 145.7k, down 37.8k. In the last nine weeks, the Federal Reserve’s SOMA (System … Continued
Following futures positions of non-commercials are as of April 2, 2019. 10-year note: Currently net short 224.2k, up 57.7k. The 10-year Treasury rate (2.5 percent) rallied nine basis points this week. Support around the intraday low of 2.36 percent eight … Continued
Following futures positions of non-commercials are as of March 19, 2019. 10-year note: Currently net short 164k, down 12.5k. The Fed Wednesday held interest rates steady at 225-250 basis points. This was expected. What was not expected was the dovish … Continued