Peek into future through futures

The following are futures positions of non-commercials as of March 17, 2015.  Change is week-over-week. 10-year note: What a week!  In four out of the five sessions, the 10-year yield fell – down 18 basis points for the week.  On … Continued

Peek into future through futures

The following are futures positions of non-commercials as of March 10.  Change is week-over-week. 10-year note: 10-year yields shed another 13 basis points in the week.  Nonetheless, note owners continued to sell near 2.04 percent.  And these traders, in agreement, … Continued

Peek into future through futures

The following are futures positions of non-commercials as of March 3.  Change is week-over-week. 10-year note: They continued to add to net shorts, and it has so far backfired.  Post-jobs report Friday, the 10-year yield shot up 13 basis points. … Continued

Peek into future through futures

The following are futures positions of non-commercials as of February 24 (Tuesday).  Change is week-over-week. 10-year note: Non-commercials are doing it again.  They increased net shorts by 63 percent in the latest reporting period.  Turns out they picked a wrong … Continued

Dollar seems finally ready to come under pressure

Contrary message from U.S. dollar and bonds as to prospects for interest-rate hike by Fed Latest Humphrey-Hawkins testimony shows Chair Janet Yellen leaning dovish Hedge funds are neck-deep in bullish dollar bets, expecting higher rates Currency and bond markets are … Continued

Peek into future through futures

The following are futures positions of non-commercials as of February 17 (Tuesday).  Change is week-over-week. 10-year note: The 10-year yield had been trending down within a channel since it peaked on December 30, 2013 at three percent.  Early this year, … Continued

Peek into future through futures

The following are futures positions of non-commercials as of February 10 (Tuesday).  Change is week-over-week. 10-year note: The 10-year yield tacked on another seven basis points for the week.  Daily indicators are now grossly overbought.  It is also right at … Continued

A peek into future through the futures

The following are futures positions of non-commercials as of February 3 (Tuesday).  Change is week-over-week. 10-year note: The 10-year yield has risen from 1.65 to 1.94 in five sessions.  But it also dropped 52 basis points in January, and that … Continued

A peek into future through futures

The following are futures positions of non-commercials as of January 20 (Tuesday).  Change is week-over-week. Dollar index, gold and euro jump out the most. 10-year note: It seems non-commercials’ patience is wearing thin.  On top of that, this has not … Continued