Following futures positions of non-commercials are as of February 11, 2025. 10-year note: Currently net short 751k, up 43.3k. FOMC minutes for the January 28-29 meeting will be out Wednesday. The policy-setting body left the fed funds rate unchanged at … Continued
Following futures positions of non-commercials are as of January 14, 2025. 10-year note: Currently net short 567.9k, down 104.5k. The 10-year treasury yield reached five percent (4.997 percent, to be precise) in October 2023 before coming under pressure. Last September, … Continued
Equity bears had a great session last Thursday as a bearish engulfing candle developed on several indices, but bulls promptly denied them continued momentum on Friday. This week is key. From last October’s low through last Thursday’s high, the S&P … Continued
Following futures positions of non-commercials are as of May 21, 2024. 10-year note: Currently net short 401k, up 53.2k. FOMC minutes for the April 30-May 1 meeting out Wednesday showed members were worried over slow progress on inflation. For the … Continued
Following futures positions of non-commercials are as of May 14, 2024. 10-year note: Currently net short 347.8k, down 133.8k. The 10-year had an important test this week. Thursday’s intraday low of 4.32 percent was a successful test of horizontal support … Continued
If Wednesday’s CPI for April cooperates, equity bulls will try to use it to build on last three weeks’ momentum. Major US equity indices have rallied back to just under their all-time highs from March but are giving out signs … Continued
Following futures positions of non-commercials are as of May 7, 2024. 10-year note: Currently net short 481.6k, up 48.7k. Non-commercials continued to add to net shorts in 10-year note futures. As of Tuesday, holdings closed at 481,620 contracts, up from … Continued
Following futures positions of non-commercials are as of February 27, 2024. 10-year note: Currently net short 665.6k, down 63.5k. January’s PCE (personal consumption expenditures) price index came out Thursday. Ahead of the report, futures traders were pricing in three 25-basis-point … Continued
Equities stumble out of the 2024 blocks. In the final sessions of December, the major US indices had either just broken out to new highs or were close to doing that. It remains to be seen if the weakness since … Continued
Following futures positions of non-commercials are as of January 2, 2024. 10-year note: Currently net short 832.7k, up 27.7k. Amidst signs that the 10-year treasury yield is ready for a reflex rally, non-commercials’ net shorts in 10-year note futures went … Continued