The following are futures positions of non-commercials as of June 30, 2015. Change is week-over-week. 10-year note: Non-commercials continue to reduce net shorts – currently lowest since September 23rd last year. They have reduced net shorts by 98 percent in … Continued
The following are futures positions of non-commercials as of June 23, 2015. Change is week-over-week. 10-year note: Yields pushed up nearly 21 basis points for the week. Sales of both new and existing homes did well in May (even though … Continued
The Friday before January 25th Greek elections, the euro closed at $1.123. Yesterday, one euro bought $1.133. Since anti-austerity Syriza party swept to victory late January in Greece, the euro – by default FXE, the Currency Shares Euro Trust ETF … Continued
The following are futures positions of non-commercials as of June 16, 2015. Change is week-over-week. 10-year note: Let us see if we can make some sense out of this week’s major developments. The FOMC met, and it looked like members … Continued
The following are futures positions of non-commercials as of June 9, 2015. Change is week-over-week. 10-year note: Last week, the IMF urged the Fed to delay a rate hike until 2016. This week, the World Bank said the same thing. … Continued
The following are futures positions of non-commercials as of June 2, 2015. Change is week-over-week. 10-year note: Yields have decisively broken out of a five-month downtrend channel. The only question is what triggered this. To quote the Beige Book: “The … Continued
The following are futures positions of non-commercials as of May 26, 2015. Change is week-over-week. 10-year note: If we just focus on what the consensus was expecting, U.S. economic data this week were split down the middle, with maybe a … Continued
The following are futures positions of non-commercials as of May 19, 2015. Change is week-over-week. 10-year note: The April FOMC minutes for all intents and purposes put a nail in the coffin of June rate-hike odds. At the March meeting, … Continued
The following are futures positions of non-commercials as of May 12, 2015. Change is week-over-week. 10-year note: If we just focus on weekly closing prices, the 10-year yield had a lackluster week – essentially flat. Nothing could be further from … Continued
The following are futures positions of non-commercials as of May 5, 2015. Change is week-over-week. 10-year note: It was a weird week. That is an understatement. Up until Wednesday, 10-year yields were up 20 basis points. Treasurys on the long … Continued