Following futures positions of non-commercials are as of March 29, 2022. 10-year note: Currently net short 476.6k, up 212.7k. FOMC minutes for the March 15-16 meeting are scheduled for Wednesday. At the meeting, the Federal Reserve raised the fed funds … Continued
Following futures positions of non-commercials are as of February 15, 2022. 10-year note: Currently net short 174.1k, down 27.8k. Inflation has persisted much longer and broadened to more industries than the Fed initially – and stubbornly – expected. Benchmark interest … Continued
The 10-year treasury yield ended with a weekly shooting star last week, briefly rising above two percent. Only about two and a half months ago, rates were 1.34 percent. The 10-year may be ready to unwind at least some of … Continued
Following futures positions of non-commercials are as of February 8, 2022. 10-year note: Currently net short 201.9k, down 73k. The minutes for the January 25-26 meeting are scheduled for next Wednesday. This was the year’s first FOMC meeting, during which … Continued
Following futures positions of non-commercials are as of February 1, 2022. 10-year note: Currently net short 274.9k, up 10.2k. Last Wednesday when the FOMC concluded its meeting and Fed Chair Jerome Powell announced there was “quite a bit of room” … Continued
Following futures positions of non-commercials are as of January 18, 2022. 10-year note: Currently net short 271.4k, down 72.4k. The FOMC meets next week. This will be the year’s first scheduled meeting, and seven more remain after this. Members will … Continued
Following futures positions of non-commercials are as of December 28, 2021. 10-year note: Currently net short 213.3k, down 126k. FOMC minutes for the December 14-15 meeting come out on Wednesday. This was a meeting in which markets essentially forced the … Continued
Following futures positions of non-commercials are as of December 21, 2021. 10-year note: Currently net short 339.3k, up 65.4k. December thus far has been a month in which the 10-year treasury yield has been through lots of ups and downs … Continued
Under pressure in recent weeks, major US equity indices ended last week right on support. In a seasonally favorable period, virtually no one thinks the latest decline can – and will – turn nasty. For that not to happen, bulls … Continued
Following futures positions of non-commercials are as of November 30, 2021. 10-year note: Currently net short 313.4k, down 10k. In the week to Wednesday, Federal Reserve assets dropped $31.4 billion from record $8.7 trillion a week ago. In early March … Continued