Following futures positions of non-commercials are as of April 20, 2021. 10-year note: Currently net long 15.6k, up 18.3k. The FOMC meets next week. It is the year’s third meeting; five more remain – the scheduled ones, that is. Not … Continued
Following futures positions of non-commercials are as of March 30, 2021. 10-year note: Currently net short 89.8k, up 102.1k. Minutes for the March 16-17 FOMC meeting will be out next Wednesday. Not much extra color is expected out of these … Continued
Following futures positions of non-commercials are as of February 9, 2021. 10-year note: Currently net long 79.5k, up 20.9k. Minutes for the January 26-27 FOMC meeting – the first of eight scheduled meetings this year – will be out Wednesday. … Continued
Following futures positions of non-commercials are as of December 29, 2020 (data was made public this Monday instead of last Friday due to New Year’s holiday). 10-year note: Currently net long 25.2k, down 24.9k. FOMC minutes for the December 15-16 … Continued
Following futures positions of non-commercials are as of September 29, 2020. 10-year note: Currently net long 128.6k, up 46.4k. FOMC minutes for the September 15-16 meeting are due out Wednesday. Rates at that meeting were obviously left unchanged between zero … Continued
Following futures positions of non-commercials are as of August 18, 2020. 10-year note: Currently net long 87k, up 81.5k. Last Thursday’s intraday high of 0.73 percent just about tested the upper bound of a five-month range, in which rates went … Continued
Following futures positions of non-commercials are as of July 3, 2018. 10-year note: Currently net short 500.1k, up 144.8k. Minutes for the June 12-13 FOMC meeting were released last Thursday. The Fed raised interest rates in that meeting. This was … Continued
Following futures positions of non-commercials are as of May 22, 2018. 10-year note: Currently net short 358.6k, down 23.3k. Ten-year Treasury yields (2.93 percent) bottomed intraday at 2.72 percent on April 2, then quickly rose to 3.12 percent on May … Continued
The US dollar index has rallied strongly in the past five weeks. This can potentially have consequences for US inflation, exports, economy, earnings and what not. But was the rise enough for FOMC members to discuss in the March meeting? … Continued
“…the details of the tax legislation suggested that its effects on consumer and business spending – while still uncertain – might be a bit greater in the near term than they had previously thought. Although several saw increased upside risks … Continued