Following futures positions of non-commercials are as of Feb 3, 2026. 10-year note: Currently net short 729.4k, up 3.3k. There is a lot of talk around the nominee to replace Chair Jerome Powell regarding the balance sheet of the Federal … Continued
S&P 500 buybacks hit a new high in the 12 months to September. Buybacks, along with earnings and margin debt, have been key pillars of support in this bull market. Failure to live up to expectations by even one variable … Continued
Following futures positions of non-commercials are as of Sep 23, 2025. 10-year note: Currently net short 844.1k, up 24.8k. The 10-year treasury yield has approached a crucial spot. It finished up five basis points this week to 4.19 percent, with … Continued
Following futures positions of non-commercials are as of Sep 16, 2025. 10-year note: Currently net short 819.3k, down 38.7k. As expected, the Federal Reserve lowered the fed funds rate by 25 basis points to a range of 400 basis points … Continued
Following futures positions of non-commercials are as of July 29, 2025. 10-year note: Currently net short 896.6k, up 147.1k. Governors Christopher Waller and Michelle Bowman did something that has not happened since 1993. They dissented in this week’s FOMC meeting. … Continued
Following futures positions of non-commercials are as of July 22, 2025. 10-year note: Currently net short 749.5k, down 22.8k. The Federal Open Market Committee (FOMC) meets next week. The two-day (Tuesday-Wednesday) affair will be the fifth scheduled meeting this year, … Continued
Following futures positions of non-commercials are as of July 15, 2025. 10-year note: Currently net short 772.4k, down 68.2k. The 10-year treasury yield edged up a basis point this week to 4.43 percent, but not before ticking 4.49 percent intraday … Continued
Following futures positions of non-commercials are as of July 8, 2025. 10-year note: Currently net short 840.6k, up 56.9k. Once again, non-commercials are adding to their holdings of net shorts in 10-year note futures, with this week adding 7.3 percent … Continued
Following futures positions of non-commercials are as of October 15, 2024. 10-year note: Currently net short 865.1k, down 95.1k. In the week to October 1, non-commercials were net short a record 1,143,889 contracts in 10-year note futures. In the subsequent … Continued
Following futures positions of non-commercials are as of October 8, 2024. 10-year note: Currently net short 960.1k, down 183.8k. The 10-year treasury yield continued to rally – now up four weeks in a row, with the addition of nine more … Continued