The following are futures positions of non-commercials as of April 12, 2016. Change is week-over-week. 10-year note: Glass half full or half empty? Yet again, the IMF issued a downward revision to its prediction for global GDP growth, cutting 2016 … Continued
From the euro’s perspective, March 10th was an interesting session. Mario Draghi, ECB president, pulled out his big bazooka that day. All interest rates were cut. The existing QE was expanded from €60-billion/month in purchases to €80 billion. And the … Continued
The following are futures positions of non-commercials as of April 5, 2016. Change is week-over-week. 10-year note: The FOMC minutes for the March 15-16 meeting were released this week, and there was nothing substantially new. That said, maybe because FOMC … Continued
The following are futures positions of non-commercials as of March 29, 2016. Change is week-over-week. 10-year note: The back and forth between the two camps within the FOMC continues. Last week, several members used public forums to express hawkish opinion … Continued
The following are futures positions of non-commercials as of March 22, 2016. Change is week-over-week. 10-year note: This could not get any funnier. A week after the FOMC statement, and later Janet Yellen, Fed chair, shifted message from hawkish to … Continued
The following are futures positions of non-commercials as of March 15, 2016. Change is week-over-week. 10-year note: Major central banks are in a race as to who can ‘shock and awe’ the markets the most. On January 29th, Haruhiko Kuroda, … Continued
The following are futures positions of non-commercials as of March 8, 2016. Change is week-over-week. 10-year note: The FOMC meets next week, and it is a given. They will stand pat on interest rate, but the dot plot likely sees … Continued
The following are futures positions of non-commercials as of March 1, 2016. Change is week-over-week. 10-year note: Unbelievable! The Japanese government is getting paid to borrow money for a decade. For the first time ever, Japan sells 10-year bonds at … Continued
The following are futures positions of non-commercials as of February 23, 2016. Change is week-over-week. 10-year note: Negative interest rates have suddenly become the topic du jour. Last month, Japan waded into negative interest rate policy (NIRP). This was totally … Continued
The following are futures positions of non-commercials as of February 16, 2016. Change is week-over-week. 10-year note: Global GDP will only expand at three percent this year. Says the OECD – the latest body to cut growth forecast this year. … Continued