Following futures positions of non-commercials are as of November 14, 2023. 10-year note: Currently net short 661.8k, up 57.3k. After six months of uninterrupted rally, the 10-year treasury yield is on pace to a down month. So far this month, … Continued
Following futures positions of non-commercials are as of October 17, 2023. 10-year note: Currently net short 710.7k, down 2.2k. Yet another week and yet another intraday high! Thursday, the 10-year treasury yield reached the highest since July 2007 – a … Continued
Following futures positions of non-commercials are as of October 10, 2023. 10-year note: Currently net short 713k, down 20.9k. The 10-year treasury yield was volatile this week, to say the least. The five sessions went like this – up, down, … Continued
With high-single-digit losses in major US stock indices since mid- to late-July, bulls made it clear last week they are putting their foot down. A reflex rally is probable. The 3Q earnings season begins in earnest later this week, and … Continued
Following futures positions of non-commercials are as of October 3, 2023. 10-year note: Currently net short 733.9k, up 1.9k. The FOMC minutes for the September 19-20 meeting will be reported on Wednesday. As expected, the fed funds rate was left … Continued
Following futures positions of non-commercials are as of September 26, 2023. 10-year note: Currently net short 732k, up 29.7k. The 10-year treasury yield continued higher, up 14 basis points from last week to 4.57 percent. On Thuresday, rates rose as … Continued
Following futures positions of non-commercials are as of August 29, 2023. 10-year note: Currently net short 805.6k, up 110.7k. Non-commercials aggressively added to net shorts in 10-year note futures. This week’s count of 805,553 contracts is merely 5.6 percent from … Continued
Following futures positions of non-commercials are as of Aug 8, 2023. 10-year note: Currently net short 691.7k, up 46.5k. Minutes for the July 25-26 meeting are due out Wednesday. The fed funds rate was raised by 25 basis points in … Continued
Following futures positions of non-commercials are as of Aug 1, 2023. 10-year note: Currently net short 645.2k, up 21.4k. No sooner did the 10-year treasury yield break out of 4.09 percent, which resisted rally attempts in February and early July, … Continued
Since last October’s bottom in stocks, trillions in additional wealth have been added. Prices headed north, even as earnings headed south, helping push up multiples. This also makes equity bulls, who are sitting on loads of paper profit, jittery, as … Continued