Following futures positions of non-commercials are as of January 14, 2020. 10-year note: Currently net short 223.6k, up 44.3k. Bond bulls and bears continue to fight over control of trend-line support from early September when the 10-year Treasury yield (1.84 … Continued
Following futures positions of non-commercials are as of January 7, 2020. 10-year note: Currently net short 179.2k, down 55.5k. The 10-year Treasury yield (1.83 percent) was rejected at 1.95-1.97 percent in both November and December. The drop since found support … Continued
Following futures positions of non-commercials are as of December 31, 2019 (data was published Monday instead of last Friday due to New Year’s holiday). 10-year note: Currently net short 234.8k, down 33.9k. Last week, the 10-year T-yield (1.81 percent) essentially … Continued
Following futures positions of non-commercials are as of December 24, 2019 (data was published Monday instead of last Friday due to Christmas holiday). 10-year note: Currently net short 268.7k, up 23.3k. Last Tuesday’s intraday high of 1.95 percent was yet … Continued
Major US equity indices continue to attract bids and are trading at fresh highs. Greed rules, with several metrics at nosebleed levels. In a seasonally favorable period, crazy can get crazier – at least that is what bulls hope. How … Continued
Following futures positions of non-commercials are as of December 17, 2019. 10-year note: Currently net short 245.3k, up 66.4k. Bond bears (on price) keep hammering on a potentially crucial level. The 10-year Treasury yield (1.92 percent) dropped to 1.43 percent … Continued
Following futures positions of non-commercials are as of December 10, 2019. 10-year note: Currently net short 178.9k, down 43k. As expected, the Fed stood pat. This week’s FOMC meeting – the year’s eighth and last – left the fed funds … Continued
Following futures positions of non-commercials are as of December 3, 2019. 10-year note: Currently net short 221.9k, up 76.2k. Next week, the FOMC meets. It is this year’s eighth and last meeting. Markets do not expect the Fed to move. … Continued
Following futures positions of non-commercials are as of November 26, 2019 (data was published Monday instead of last Friday due to Thanksgiving holiday). 10-year note: Currently net short 145.7k, down 37.8k. In the last nine weeks, the Federal Reserve’s SOMA (System … Continued
Markets have been in dichotomy, with large-caps leading and small-caps lagging. Bulls were hoping the former would pull the latter along. But risks are rising things will evolve the opposite way. It is early, but subtle signs of fatigue are … Continued