The following are futures positions of non-commercials as of May 26, 2015. Change is week-over-week. 10-year note: If we just focus on what the consensus was expecting, U.S. economic data this week were split down the middle, with maybe a … Continued
So far this week, both bulls and bears can claim victory Watch out when VIX breaks out of downward sloping Oct 14 trendline Bulls have ball and could prove costly if they fumble; SPX at crucial technical level Bulls = … Continued
The following are futures positions of non-commercials as of May 12, 2015. Change is week-over-week. 10-year note: If we just focus on weekly closing prices, the 10-year yield had a lackluster week – essentially flat. Nothing could be further from … Continued
Put-to-call ratios, VIX:VXV point to potential selling pressure in stocks But large specs expecting lower VIX not in agreement with peers betting on lower SPX Task of separating wheat from chaff – which signal to treat as signal and which … Continued
The following are futures positions of non-commercials as of May 5, 2015. Change is week-over-week. 10-year note: It was a weird week. That is an understatement. Up until Wednesday, 10-year yields were up 20 basis points. Treasurys on the long … Continued
The following are futures positions of non-commercials as of April 28, 2015. Change is week-over-week. 10-year note: The week was a head-scratcher from the standpoint of bond vigilantes’ reaction. The 10-year yield rallied hard on a very weak 1Q15 GDP … Continued
The following are futures positions of non-commercials as of April 21, 2015. Change is week-over-week. 10-year note: Are bond vigilantes expecting a hawkish tone from the FOMC next week? The latter meets on 28-29. For the most part, macro data … Continued
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
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
Both bulls and bears holding on to turf; S&P 500 remains range-bound VIX:VXV pokes head out of oversold zone but unable to make further progress Volatility of volatility jumped to highest four months ago; in no-man’s land currently Bulls and … Continued