Following futures positions of non-commercials are as of June 15, 2021. 10-year note: Currently net long 34.3k, down 139.1k. Last week’s FOMC meeting pulled a surprise on markets. Members brought forward their projections for interest rate hikes into 2023, with … Continued
Major US equity indices are itching to break out. The question is, what then? Indices remain stretched on several timeframes. Longs have shown dogged determination but shorts are likely to decide if the momentum will have the staying power. Equity … Continued
Following futures positions of non-commercials are as of June 8, 2021. 10-year note: Currently net long 173.4k, up 118.6k. The FOMC meets next week. This is the year’s fourth scheduled meeting; four more remain. Not much is expected to occur … Continued
Amidst continuation of aggressive accumulation of assets by the Federal Reserve and a trial balloon last week by Philadelphia Fed president of eventual tapering, large- and small-caps are going their separate ways – the former liking soft economic data and … Continued
Following futures positions of non-commercials are as of May 25, 2021. 10-year note: Currently net long 104.4k, up 72.7k. In the week to Wednesday, Federal Reserve assets declined $19.3 billion week-over-week to $7.9 trillion but the prior week’s $7.92 trillion … Continued
Following futures positions of non-commercials are as of May 18, 2021. 10-year note: Currently net long 31.7k, up 30.4k. Apparently, some FOMC members at the April 27-28 meeting signaled that they were ready to discuss scaling back the Fed’s bond … Continued
Following futures positions of non-commercials are as of May 11, 2021. 10-year note: Currently net long 1.2k, up 8.5k. FOMC minutes for the April 27-28 meeting will be made public on Wednesday. The meeting was a non-event – pretty much. … Continued
Following futures positions of non-commercials are as of May 4, 2021. 10-year note: Currently net short 7.2k, up 63k. Treasury Secretary Janet Yellen stated on Tuesday that “it may be that interest rates will have to rise somewhat to make … Continued
Following futures positions of non-commercials are as of April 20, 2021. 10-year note: Currently net long 15.6k, up 18.3k. The FOMC meets next week. It is the year’s third meeting; five more remain – the scheduled ones, that is. Not … Continued
Following futures positions of non-commercials are as of April 13, 2021. 10-year note: Currently net short 2.7k, up 87.2k. Amid investor concerns that the market may get ahead of the Fed in terms of expectations for rate hikes and/or tapering … Continued