Following futures positions of non-commercials are as of July 15, 2025. 10-year note: Currently net short 772.4k, down 68.2k. The 10-year treasury yield edged up a basis point this week to 4.43 percent, but not before ticking 4.49 percent intraday … Continued
The major equity indices are building on breakout that took place two weeks ago. This comes amidst already-high valuation multiples and near-record equity allocation by US households. However, with the 2Q earnings reporting season about to get underway, investor sentiment … Continued
Following futures positions of non-commercials are as of March 26, 2024. 10-year note: Currently net short 578.3k, up 4.3k. Well, looks like a battle of sorts is brewing within the FOMC. Recent commentary from Federal Reserve Chair Jerome Powell has … Continued
Following futures positions of non-commercials are as of March 19, 2024. 10-year note: Currently net short 574k, down 29.5k. It was almost as if Jerome Powell, Federal Reserve chair, did not want equities to go lower. That is the feeling … Continued
Following futures positions of non-commercials are as of November 14, 2023. 10-year note: Currently net short 661.8k, up 57.3k. After six months of uninterrupted rally, the 10-year treasury yield is on pace to a down month. So far this month, … Continued
Following futures positions of non-commercials are as of August 22, 2023. 10-year note: Currently net short 694.9k, down 52k. It was a yawner to say the least – Federal Reserve Chair Jerome Powell’s Friday speech at the annual Jackson Hole … Continued
Following futures positions of non-commercials are as of August 15, 2023. 10-year note: Currently net short 746.9k, up 55.2k. The Jackson Hole Symposium takes place next week. Several times in the past, the annual gathering has been used as a … Continued
Following futures positions of non-commercials are as of July 11, 2023. 10-year note: Currently net short 635.1k, down 145.5k. Last week’s channel breakout did not amount to much this week. Last October, the 10-year treasury yield retreated after tagging 4.33 … Continued
The Russell 2000 continues to attract offers at 1900. Amidst this, a golden cross is near completion. Plus, a ratio between the Nasdaq 100 and the Russell 2000 is potentially nearing reversal, raising the odds that the latter begins to … Continued
Following futures positions of non-commercials are as of December 7, 2021. 10-year note: Currently net short 267k, down 46.4k. This year’s final FOMC meeting takes place next week. Last week, Jerome Powell, Fed chair, floated the idea of accelerated taper … Continued