Following futures positions of non-commercials are as of February 6, 2024. 10-year note: Currently net short 828.5k, down 30.6k. For nearly a month now, the 10-year treasury yield has struggled at 4.2 percent. This week, it rallied 15 basis points … Continued
It is an FOMC week. The meeting is taking place at a time when markets are demanding aggressive cuts this year and the Fed is saying ‘no way’. Financial conditions have eased tremendously, and the central bank probably does not … Continued
Following futures positions of non-commercials are as of January 23, 2024. 10-year note: Currently net short 784.7k, down 104.7k. Next week, the FOMC meets. This is the first meeting this year, and seven more – the scheduled ones – remain. … Continued