Following futures positions of non-commercials are as of January 21, 2020. 10-year note: Currently net short 302.5k, up 79k. The FOMC meets next week – on 28-29. This is the year’s first meeting. Markets do not expect the Fed to … Continued
The post-Great Recession recovery has been uneven. Jobs have been one of the bright spots. In the dying months of last year, job openings – both non-farm and small-business – weakened. It is too early to declare a trend has … Continued
Following futures positions of non-commercials are as of January 14, 2020. 10-year note: Currently net short 223.6k, up 44.3k. Bond bulls and bears continue to fight over control of trend-line support from early September when the 10-year Treasury yield (1.84 … Continued
Following futures positions of non-commercials are as of January 7, 2020. 10-year note: Currently net short 179.2k, down 55.5k. The 10-year Treasury yield (1.83 percent) was rejected at 1.95-1.97 percent in both November and December. The drop since found support … Continued
Following futures positions of non-commercials are as of December 31, 2019 (data was published Monday instead of last Friday due to New Year’s holiday). 10-year note: Currently net short 234.8k, down 33.9k. Last week, the 10-year T-yield (1.81 percent) essentially … Continued
Following futures positions of non-commercials are as of December 24, 2019 (data was published Monday instead of last Friday due to Christmas holiday). 10-year note: Currently net short 268.7k, up 23.3k. Last Tuesday’s intraday high of 1.95 percent was yet … Continued
Following futures positions of non-commercials are as of December 17, 2019. 10-year note: Currently net short 245.3k, up 66.4k. Bond bears (on price) keep hammering on a potentially crucial level. The 10-year Treasury yield (1.92 percent) dropped to 1.43 percent … Continued
Amidst mixed signals in the economy and divergences with the bond market and crucial metals, among others, US stocks continue to rally to new highs. US inventories are building – again. In October, manufacturing and trade inventories rose 0.2 percent … Continued
Following futures positions of non-commercials are as of December 3, 2019. 10-year note: Currently net short 221.9k, up 76.2k. Next week, the FOMC meets. It is this year’s eighth and last meeting. Markets do not expect the Fed to move. … Continued
Following futures positions of non-commercials are as of November 26, 2019 (data was published Monday instead of last Friday due to Thanksgiving holiday). 10-year note: Currently net short 145.7k, down 37.8k. In the last nine weeks, the Federal Reserve’s SOMA (System … Continued