Following futures positions of non-commercials are as of April 8, 2025. 10-year note: Currently net short 1,078.5k, up 215.2k. Non-commercials raised net shorts in 10-year note futures by 24.9 percent this week to 1.08 million contracts – now merely 6.1 … Continued
Through 4Q24, buybacks continued to act as a tailwind, while margin debt fell in February from January’s fresh record. The latter in particular is at risk of continued downward pressure. At the end of the December quarter, US households’ equity … Continued
Following futures positions of non-commercials are as of March 25, 2025. 10-year note: Currently net short 810.1k, down 71.3k. Non-commercials reduced net shorts in 10-year note futures sequentially, but holdings remain elevated. In the week to October 1st last year, … Continued
Following futures positions of non-commercials are as of March 18, 2025. 10-year note: Currently net short 881.4k, up 144.3k. As expected, the FOMC left the fed funds rate steady at a range of 425 basis points to 450 basis points. … Continued
Following futures positions of non-commercials are as of March 26, 2024. 10-year note: Currently net short 578.3k, up 4.3k. Well, looks like a battle of sorts is brewing within the FOMC. Recent commentary from Federal Reserve Chair Jerome Powell has … Continued
Following futures positions of non-commercials are as of January 9, 2024. 10-year note: Currently net short 787k, down 45.6k. The 200-day moving average (4.06 percent), which coincides with horizontal resistance at 4.1 percent, is standing like a rock. Since this … Continued
Following futures positions of non-commercials are as of October 3, 2023. 10-year note: Currently net short 733.9k, up 1.9k. The FOMC minutes for the September 19-20 meeting will be reported on Wednesday. As expected, the fed funds rate was left … Continued
Following futures positions of non-commercials are as of September 26, 2023. 10-year note: Currently net short 732k, up 29.7k. The 10-year treasury yield continued higher, up 14 basis points from last week to 4.57 percent. On Thuresday, rates rose as … Continued
The S&P 500 has dropped three weeks in a row. Santa Claus rally did not materialize this year, but the bulls just might get lucky as the year begins to wind down. Equity bulls found it very difficult to bust … Continued
Following futures positions of non-commercials are as of December 20, 2022. 10-year note: Currently net short 316.9k, down 59.5k. The Bank of Japan, which began to use its balance sheet as a policy tool much earlier than its peers in … Continued