CoT: Peek Into Future Through Futures

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

CoT: Peek Into Future Through Futures

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

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of June 28, 2016.  Change is week-over-week. 10-year note: On Friday last week and Monday this week, the S&P 500 index lost 5.3 percent, the 10-year Treasury yield lost 29 basis points … Continued

CoT: Peek Into Future Through Futures

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

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of June 14, 2016.  Change is week-over-week. 10-year note: In Godfather III, Michael Corleone famously says: “Just when I thought I was out, they pull me back in.” Given the circumstances, this … Continued

CoT: Peek Into Future Through Futures

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

CoT: Peek Into Future Through Futures

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

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 24, 2016.  Change is week-over-week. 10-year note: Was that a yay or nay from Janet Yellen, Fed chair? In an interview at Harvard University on Friday, she said that an … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 17, 2016.  Change is week-over-week. 10-year note: More jawboning this week! Last week, three regional bank presidents – Eric Rosengren (Boston), Loretta Mester (Cleveland), and Esther George (Kansas City) – … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 10, 2016.  Change is week-over-week. 10-year note: Three FOMC voting members were on full jawboning mode on Thursday. Eric Rosengren, Boston Fed president, said markets are underestimating the likelihood of … Continued