Peek into future through futures

The following are futures positions of non-commercials as of April 14, 2015.  Change is week-over-week. 10-year note: The 10-year yield fell in all five sessions.  Friday could have been different as March core CPI was initially treated as hawkish, but … Continued

Peek into future through futures

The following are futures positions of non-commercials as of April 7, 2015.  Change is week-over-week. 10-year note: Interesting times, indeed!  Mexico this week issued a 100-year bond denominated in euros.  This is not the first time that nation has tapped … Continued

Peek into future through futures

The following are futures positions of non-commercials as of March 31, 2015.  Change is week-over-week. 10-year note: At some point, the streak had to end.  For 12 months to February, U.S. non-farm payroll grew 200k-plus month-over-month.  Consensus was for that … Continued

Peek into future through futures

The following are futures positions of non-commercials as of March 17, 2015.  Change is week-over-week. 10-year note: What a week!  In four out of the five sessions, the 10-year yield fell – down 18 basis points for the week.  On … Continued

Peek into future through futures

The following are futures positions of non-commercials as of March 10.  Change is week-over-week. 10-year note: 10-year yields shed another 13 basis points in the week.  Nonetheless, note owners continued to sell near 2.04 percent.  And these traders, in agreement, … Continued

Bond vigilantes vs. Fed: Who is calling whose bluff and where it might lead

posted in: Credit, Currency, Economy, Technicals | 0

U.S. bond market and Fed lock horns as relates to trajectory of short rates Fed continues to drop hints it is ready to lift rates off near-zero levels Should that come to pass, it has potential to help vigilantes’ case … Continued

Peek into future through futures

The following are futures positions of non-commercials as of March 3.  Change is week-over-week. 10-year note: They continued to add to net shorts, and it has so far backfired.  Post-jobs report Friday, the 10-year yield shot up 13 basis points. … Continued

Peek into future through futures

The following are futures positions of non-commercials as of February 24 (Tuesday).  Change is week-over-week. 10-year note: Non-commercials are doing it again.  They increased net shorts by 63 percent in the latest reporting period.  Turns out they picked a wrong … Continued

Peek into future through futures

The following are futures positions of non-commercials as of February 17 (Tuesday).  Change is week-over-week. 10-year note: The 10-year yield had been trending down within a channel since it peaked on December 30, 2013 at three percent.  Early this year, … Continued

Peek into future through futures

The following are futures positions of non-commercials as of February 10 (Tuesday).  Change is week-over-week. 10-year note: The 10-year yield tacked on another seven basis points for the week.  Daily indicators are now grossly overbought.  It is also right at … Continued