Following futures positions of non-commercials are as of October 26, 2021. 10-year note: Currently net short 114.8k, up 114.3k. The FOMC meets next week. This is the year’s seventh meeting. After this, one more remain. At the September 21-22 meeting, … Continued
Equity volatility looks to be on the brink of a rally. The only question is if it will sustain higher or momentum will soon peter out as has been the case since its explosion in February-March last year. VIX shed … Continued
Following futures positions of non-commercials are as of October 19, 2021. 10-year note: Currently net short 544, up 156.6k. In the 12 months to August, foreigners purchased $3.8 billion in treasury notes and bonds. As recently as February this year, … Continued
Major US equity indices all had a positive week last week, but with a varying degree of success. The S&P 500 broke out of dual resistance with bullish marubozu on Thursday and Friday, the Russell 2000 was denied at crucial … Continued
Following futures positions of non-commercials are as of October 12, 2021. 10-year note: Currently net long 156k, up 14.7k. Last Friday’s high of 1.62 percent on the 10-year treasury yield represents a lower high versus 1.77 percent posted in March … Continued
Following futures positions of non-commercials are as of October 5, 2021. 10-year note: Currently net long 141.3k, down 39.9k. Minutes for the September 21-22 FOMC meeting are due out next Wednesday. During the meeting, Chair Jerome Powell set the stage … Continued
Following futures positions of non-commercials are as of September 28, 2021. 10-year note: Currently net long 181.2k, up 120k. In February last year, the 10-year treasury yield breached mid-1.40s, before tumbling to bottom at 0.4 percent in the following month. … Continued
Following futures positions of non-commercials are as of September 21, 2021. 10-year note: Currently net long 61.2k, down 68.2k. Markets took this week’s FOMC meeting well. Stocks recovered after heavy losses in the first two sessions. Bonds sold off, with … Continued
Major US equity indices declined for the second week in a row. The S&P 500 breached the 50-day last week, albeit slightly. Interestingly, both VIX and small-caps diverged. This is taking place at a time when the FOMC is meeting … Continued
Following futures positions of non-commercials are as of September 14, 2021. 10-year note: Currently net long 129.4k, up 128.6k. The FOMC meets next week. This will be the 6th scheduled meeting this year, and two more remain – one in … Continued