Following futures positions of non-commercials are as of August 27, 2019. 10-year note: Currently net short 309.9k, down 91.9k. The 10-year Treasury yield (1.51 percent) could be setting up for a rally – duration and magnitude notwithstanding. Wednesday’s intraday low … Continued
Following futures positions of non-commercials are as of August 6, 2019. 10-year note: Currently net short 390.9k, up 7k. The 10-year Treasury yield (1.73 percent) dropped to 1.6 percent intraday Wednesday – the lowest since September 2016. July that year, … Continued
Following futures positions of non-commercials are as of July 30, 2019. 10-year note: Currently net short 383.8k, up 3.7k. In the wake of Wednesday’s FOMC meeting in which the fed funds rate was lowered by 25 basis points but the … Continued
Following futures positions of non-commercials are as of July 16, 2019. 10-year note: Currently net short 347.2k, up 58.4k. In its quest to justify a rate cut later this month, the Fed may be inadvertently creating a precedent that it … Continued
Following futures positions of non-commercials are as of July 9, 2019. 10-year note: Currently net short 288.8k, down 48. In the first stare down with markets since his appointment in February last year, Jerome Powell, Fed chair, blinked. In this … Continued
Following futures positions of non-commercials are as of July 2, 2019. 10-year note: Currently net short 288.9k, up 7.8k. Fed Chair Jerome Powell appears before Congress this week. This comes on the heels of a strong payroll report in June. … Continued
Following futures positions of non-commercials are as of June 25, 2019. 10-year note: Currently net short 281.1k, down 121.9k. Since peaking at 3.25 percent last October through the intraday low seven sessions ago of 1.98 percent, the 10-year Treasury yield … Continued
Here is a brief review of period-over-period change in short interest in the April 1-15 period in 10 S&P 500 sectors. XLB (SPDR materials ETF) The breakout early this month just north of 56 is still intact, although a retest … Continued
Following futures positions of non-commercials are as of April 16, 2019. 10-year note: Currently net short 275.7k, up 14.1k. The support-turned-resistance at 2.62 percent was tested – unsuccessfully – Wednesday when the 10-year yield (2.56 percent) rallied to 2.61 percent. … Continued
Here is a brief review of period-over-period change in short interest in the Mar 1-15 period in 10 S&P 500 sectors. XLB (SPDR materials ETF) XLB (54.56) short interest fell to a seven-month low. Shorts probably feared a breakout at … Continued