Following futures positions of non-commercials are as of January 4, 2022. 10-year note: Currently net short 276.9k, up 63.6k. The December 14-15 FOMC minutes, out Wednesday, revealed that the Fed was more determined to snatch the punch bowl away from … Continued
Following futures positions of non-commercials are as of December 28, 2021. 10-year note: Currently net short 213.3k, down 126k. FOMC minutes for the December 14-15 meeting come out on Wednesday. This was a meeting in which markets essentially forced the … Continued
Following futures positions of non-commercials are as of November 16, 2021. 10-year note: Currently net short 294.1k, up 26.8k. Minutes for the FOMC meeting on November 2-3 will be out next Wednesday. At the conclusion of the meeting, the Fed … Continued
Following futures positions of non-commercials are as of October 5, 2021. 10-year note: Currently net long 141.3k, down 39.9k. Minutes for the September 21-22 FOMC meeting are due out next Wednesday. During the meeting, Chair Jerome Powell set the stage … Continued
Major US equity indices were down last week, but recovered from the lows, as dips were bought at important support. Jerome Powell’s Friday speech at Jackson Hole this week is important in that a possible announcement of tapering of bond … Continued
Following futures positions of non-commercials are as of August 17, 2021. 10-year note: Currently net long 145.2k, up 36.4k. Next week is the annual Jackson Hole symposium, where Jerome Powell, Federal Reserve chair, will speak on “the economic outlook.” It … Continued
Following futures positions of non-commercials are as of August 10, 2021. 10-year note: Currently net long 108.8k, up 21.1k. FOMC minutes for the July 27-28 meeting are due out on Wednesday. In that meeting, it was stated that progress has … Continued
Following futures positions of non-commercials are as of June 29, 2021. 10-year note: Currently net short 60k, up 57.6k. FOMC minutes for the June 15-16 meeting are due out next Wednesday. The meeting was a surprise to the markets in … Continued
Following futures positions of non-commercials are as of May 18, 2021. 10-year note: Currently net long 31.7k, up 30.4k. Apparently, some FOMC members at the April 27-28 meeting signaled that they were ready to discuss scaling back the Fed’s bond … Continued
Following futures positions of non-commercials are as of May 11, 2021. 10-year note: Currently net long 1.2k, up 8.5k. FOMC minutes for the April 27-28 meeting will be made public on Wednesday. The meeting was a non-event – pretty much. … Continued