The 10-year treasury yield more than doubled in five months, completing a measured-move target of an inverse-head-and-shoulders breakout in early January. This is coming at a time when the Fed has signaled it will use both conventional and unconventional tools … Continued
The US bond market is in the thick of interesting dynamics. The Fed plans to reduce its bloated balance sheet – meaning less demand for treasury notes and bonds – even as foreigners are buying more and the US budget … Continued
Following futures positions of non-commercials are as of October 20, 2020. 10-year note: Currently net long 23k, down 52.3k. Treasury yields are rallying. The 10-year (0.84 percent) Friday unsuccessfully tested its 200-day moving average, even as the 30-year (1.65 percent) … Continued
Tech bulls only benefited in a minor degree from a major squeeze of non-commercials in the futures market. Concurrently, several other buying sources are increasingly acting hesitant. In the week to last Tuesday, non-commercials in Nasdaq 100 index (mini) futures … Continued
Following futures positions of non-commercials are as of October 13, 2020. 10-year note: Currently net long 75.3k, up 5.7k. After taking a one-month pause through early July, the Federal Reserve once again is accumulating assets. In the week to Wednesday, … Continued
Following futures positions of non-commercials are as of October 6, 2020. 10-year note: Currently net long 69.5k, down 59.1k. The 30-year Treasury yield (1.57 percent) this week broke through its 200-day moving average (1.55 percent), having taken out the 50-day … Continued
Following futures positions of non-commercials are as of April 9, 2019. 10-year note: Currently net short 261.6k, up 37.3k. During the week, job openings painted a mixed picture. Non-farm job openings (JOLTS) for February dropped 538,000 month-over-month to 7.1 million. … Continued
Gold is hammering on crucial resistance. This has been going on for a while now. A breakout will happen – sooner or later. Kudos to the gold bugs, they are at it again. Once again, they are hammering on resistance … Continued
Following futures positions of non-commercials are as of Oct 31, 2017. 10-year note: Currently net long 2.7k, down 150.9k. So Jerome Powell, current Fed governor, it is – the next chair. He is supposedly a dove – along the lines … Continued
Following futures positions of non-commercials are as of Sep 12, 2017. 10-year note: Currently net long 251.7k, up 29.9k. The FOMC’s two-day meeting begins Tuesday. A press conference by Janet Yellen, Fed chair, is scheduled for Wednesday. After this, there … Continued