Following futures positions of non-commercials are as of June 30, 2020. 10-year note: Currently net long 31k, up 24.5k. The 10-year Treasury yield cannot break the logjam. Since bottoming on March 9th at 0.40 percent, rates have pretty much been … Continued
Following futures positions of non-commercials are as of June 23, 2020. 10-year note: Currently net long 6.5k, up 17.4k. The Federal Reserve continued to reduce its assets this week. Since rising to a record $7.17 trillion two weeks ago, the … Continued
Following futures positions of non-commercials are as of June 16, 2020. 10-year note: Currently net short 10.9k, down 13.1k. Foreigners are aggressively getting out of the US sovereign bond market. In March and April, they sold $475.6 billion in Treasury … Continued
Following futures positions of non-commercials are as of June 9, 2020. 10-year note: Currently net long 2.3k, up 55.2k. Post-conclusion of FOMC meeting, Fed Chair Jerome Powell Wednesday sought to play down May’s much-better-than-expected jobs report, which showed the economy … Continued
Following futures positions of non-commercials are as of June 2, 2020. 10-year note: Currently net short 52.9k, up 14.9k. This week, the ECB surprised markets with its new bond purchase program (more below). The FOMC meets next week. But no … Continued
Following futures positions of non-commercials are as of May 26, 2020. 10-year note: Currently net short 38.1k, down 55.1k. The 10-year treasury yield (0.65 percent) has essentially gone sideways for nearly three months now. This was at a time when … Continued
Following futures positions of non-commercials are as of May 19, 2020. 10-year note: Currently net short 93.1k, down 58.4k. This data is a little outdated, but foreigners were big sellers of Treasury securities in March. On a net basis, they … Continued
Following futures positions of non-commercials are as of May 12, 2020. 10-year note: Currently net short 151.5k, up 9.2k. On Wednesday, Jerome Powell, Fed chair, provided a gloomy view of the economy, saying the nation was experiencing an economic hit … Continued
Following futures positions of non-commercials are as of May 5, 2020. 10-year note: Currently net short 142.3k, up 92.8k. On March 9th intraday, the 10-year Treasury yield made an all-time low of 0.4 percent. On February 6th, yields tagged 1.67 … Continued
Following futures positions of non-commercials are as of April 21, 2020. 10-year note: Currently net short 34.1k, down 36.7k. The FOMC meets next week. A two-day meeting begins Tuesday. This comes after March’s hectic schedule which included two unscheduled meetings. … Continued