The following are futures positions of non-commercials as of August 9, 2016. Change is week-over-week. 10-year note: Are we beginning to see a chink in central bankers’ armor? Major central banks responded to the financial crisis by aggressively deploying both … Continued
The following are futures positions of non-commercials as of August 2, 2016. Change is week-over-week. 10-year note: Mixed messages from two major central banks! On Friday last week, Haruhiko Kuroda, BoJ governor, decided not to live up to markets’ lofty … Continued
The following are futures positions of non-commercials as of July 26, 2016. Change is week-over-week. 10-year note: The Fed stopped short of signaling a rate hike near term. That said, the statement also said “near-term risks to the economic outlook … Continued
The following are futures positions of non-commercials as of July 19, 2016. Change is week-over-week. 10-year note: If you repeat something often enough, it becomes the truth. So the saying goes. Why bring this up? There is a sudden uptick … Continued
After a 13-session, heady rally off June 27th lows, U.S. stocks are beginning to reek of complacency. The question is, is it now time to turn contrarian or things might stay complacent for a little while longer? Take put-to-call ratios. … Continued
The following are futures positions of non-commercials as of July 12, 2016. Change is week-over-week. 10-year note: TLT, the iShares 20+ year treasury bond ETF, was punished for a 3.6-percent drop this week. This followed a parabolic rally, particularly after … Continued
The following are futures positions of non-commercials as of July 5, 2016. Change is week-over-week. 10-year note: One can make a cogent argument that U.S. sovereign bonds are in a blow-off phase. Since late May through the Friday high, TLT, … Continued
The following are futures positions of non-commercials as of June 21, 2016. Change is week-over-week. (Please note holdings are prior to non-commercials’ potential Friday reaction post-Brexit win.) 10-year note: There goes any sliver of hope for a rate hike in … Continued
The following are futures positions of non-commercials as of June 7, 2016. Change is week-over-week. 10-year note: The Bank of Korea on Thursday eased its benchmark interest rate by 25 basis points to a record low 1.25 percent. The move … Continued
The following are futures positions of non-commercials as of May 31, 2016. Change is week-over-week. 10-year note: On June 14-15, the FOMC meets. This is the year’s fourth meeting, and there will be four more left after this (July 26-27, … Continued