Following futures positions of non-commercials are as of June 21, 2022. 10-year note: Currently net short 228.2k, up 22.7k. Jerome Powell this week testified on monetary policy in front of Congress. Just last week, after raising the fed funds rate … Continued
Following futures positions of non-commercials are as of June 14, 2022. 10-year note: Currently net short 205.5k, down 60.7k. The Federal Reserve this week raised the fed funds rate by 75 basis points to a range of 1.5 percent to … Continued
Following futures positions of non-commercials are as of June 7, 2022. 10-year note: Currently net short 266.2k, up 27.3k. Next week is FOMC meeting. This is the year’s fourth scheduled meeting; four more remain. Leading up to this, the Fed … Continued
Following futures positions of non-commercials are as of May 31, 2022. 10-year note: Currently net short 238.9k, up 13.8k. Bond bears (on price) defended the 50-day moving average on the 10-year treasury rate. It tagged 3.17 percent on May 9 … Continued
Reversing weeks of downward pressure, major US stock indices had a big week last week. There is room to run, if nothing else just to unwind the oversold condition they are in. With one session to go, May is setting … Continued
Following futures positions of non-commercials are as of May 24, 2022. 10-year note: Currently net short 225.1k, up 65k. May has one session to go before the month is over. The 10-year treasury yield is on course for a potentially … Continued
Following futures positions of non-commercials are as of May 17, 2022. 10-year note: Currently net short 160.1k, up 74.1k. FOMC minutes for the May 3-4 meeting will be out next Wednesday. The fed funds rate was raised by 50 basis … Continued
US stocks have come under immense downward pressure of late. Amidst this came signs late last week that a relief was overdue. Several indicators are languishing in oversold territory, an unwinding of which could unleash upward pressure for stocks. The … Continued
Following futures positions of non-commercials are as of May 10, 2022. 10-year note: Currently net short 86k, down 61.6k. It is probable the 10-year treasury yield made an important high this week. Rates touched 3.17 percent intraday Monday before reversing … Continued
Following futures positions of non-commercials are as of May 3, 2022. 10-year note: Currently net short 147.5k, up 29.7k. “Inflation is much too high and we understand the hardship it is causing, and we are moving expeditiously to bring it … Continued