Following futures positions of non-commercials are as of January 2, 2024. 10-year note: Currently net short 832.7k, up 27.7k. Amidst signs that the 10-year treasury yield is ready for a reflex rally, non-commercials’ net shorts in 10-year note futures went … Continued
Following futures positions of non-commercials are as of November 28, 2023. 10-year note: Currently net short 685.4k, up 27.2k. Non-commercials do not seem ready to let go of their bearish bias just yet. This week, their holdings of net shorts … Continued
Following futures positions of non-commercials are as of August 9, 2022. 10-year note: Currently net short 286.5k, down 9k. Non-commercials slightly cut back net shorts in 10-year note futures. At 286,478 contracts, holdings remain elevated. In the week before, as … Continued
Following futures positions of non-commercials are as of July 26, 2022. 10-year note: Currently net short 199.9k, up 83.9k. The FOMC this week delivered what officials had telegraphed the rate-setting body would do. The fed funds rate was raised by … Continued
Following futures positions of non-commercials are as of November 23, 2021. 10-year note: Currently net short 323.4k, up 29.3k. As of last Tuesday, non-commercials added more to their holdings of net shorts in 10-year note futures. They are now most … Continued
Equity bulls used the Yellen dip last Tuesday as an opportunity to add to risk, not reduce. The Fed is making sure liquidity remains plentiful, and the short end of the yield curve is cooperative. In this environment, VIX on … Continued
Following futures positions of non-commercials are as of May 4, 2021. 10-year note: Currently net short 7.2k, up 63k. Treasury Secretary Janet Yellen stated on Tuesday that “it may be that interest rates will have to rise somewhat to make … Continued
Following futures positions of non-commercials are as of March 9, 2021. 10-year note: Currently net short 46.1k, down 49.5k. The FOMC meets next week. This is the year’s second meeting. Six more remain – the scheduled ones, that is. A … Continued
Tech, which led for a while, is now lagging. Amidst this, Tuesday produced interesting price action on both the S&P 500 and Russell 2000, with sellers showing up at crucial price points. Tech has begun to lag. The Nasdaq 100 … Continued
Volume is anemic, but ultimately price is the final arbiter. A 0.7-percent rally from Tuesday’s close will have filled a February 24th gap, which is likely to happen in the sessions ahead. After that, bulls will be eyeing the February … Continued