Last week, equity bulls owned the first two sessions, but only for bears to make a strong comeback as the week progressed, forming potentially bearish candles along the way. Right here and now, the bias is down. The two-day rally … Continued
Following futures positions of non-commercials are as of October 4, 2022. 10-year note: Currently net short 366.9k, up 1.7k. Wednesday brings FOMC minutes for the September 20-21 meeting. The fed funds rate was raised by 75 basis points in that … Continued
Following futures positions of non-commercials are as of September 6, 2022. 10-year note: Currently net short 376.3k, down 63.8k. Federal Reserve Chair Jerome Powell had yet another opportunity this week to convince the markets that he and his team are … Continued
Following futures positions of non-commercials are as of August 16, 2022. 10-year note: Currently net short 363.1k, up 76.7k. Non-commercials continued to add to net shorts in 10-year note futures. As of last Tuesday, they held 363,128 contracts, up from … Continued
Following futures positions of non-commercials are as of August 9, 2022. 10-year note: Currently net short 286.5k, down 9k. Non-commercials slightly cut back net shorts in 10-year note futures. At 286,478 contracts, holdings remain elevated. In the week before, as … Continued
Following futures positions of non-commercials are as of August 2, 2022. 10-year note: Currently net short 295.5k, up 95.6k. No sooner did the 10-year treasury yield breach low-2.70s than it was reclaimed. This support goes back to April. Ordinarily, once … Continued
Following futures positions of non-commercials are as of July 26, 2022. 10-year note: Currently net short 199.9k, up 83.9k. The FOMC this week delivered what officials had telegraphed the rate-setting body would do. The fed funds rate was raised by … Continued
Following futures positions of non-commercials are as of July 19, 2022. 10-year note: Currently net short 108.7k, up 333. The FOMC meets next week. This will be the fifth of the eight scheduled meetings this year. The Federal Reserve will … Continued
Following futures positions of non-commercials are as of July 12, 2022. 10-year note: Currently net short 108.4k, down 62.1k. There was some jawboning this week. On Wednesday, inflation measured by the consumer price index showed consumer prices in June surged … Continued
Following futures positions of non-commercials are as of June 28, 2022. 10-year note: Currently net short 181.7k, down 46.5k. A couple of weeks after forming a weekly shooting star, it is looking more and more likely that the 10-year treasury … Continued