Following futures positions of non-commercials are as of June 24, 2025. 10-year note: Currently net short 680.1k, down 72.8k. Futures traders boosted rate-cut expectations this year to three this week – one each in September, October and December. For a … Continued
Following futures positions of non-commercials are as of June 10, 2025. 10-year note: Currently net short 724.1k, up 18.8k. The FOMC meets next week. This is the fourth scheduled meeting this year, and four more remain. During the May 6-7 … Continued
Following futures positions of non-commercials are as of June 3, 2025. 10-year note: Currently net short 705.3k, down 64.3k. The 10-year treasury yield acts like it wants to go test trendline resistance from October 2023 when a 16-year high of … Continued
Following futures positions of non-commercials are as of May 27, 2025. 10-year note: Currently net short 769.6k, down 81.8k. Non-commercials seem to be anticipating lower yields ahead. They remain heavily net short 10-year note futures but have been actively cutting … Continued
Following futures positions of non-commercials are as of May 20, 2025. 10-year note: Currently net short 851.4k, down 38.9k. FOMC minutes for the May 6-7 meeting are due out next Wednesday. As expected, the fed funds rate was left steady … Continued
Following futures positions of non-commercials are as of May 13, 2025. 10-year note: Currently net short 890.4k, down 62.8k. The good thing is that the US has lowered tariffs on Chinese goods from 145 percent to 30 percent, even as … Continued
Following futures positions of non-commercials are as of April 29, 2025. 10-year note: Currently net short 871.5k, down 34.5k. The FOMC meets next week. The two-day meeting ending Wednesday is the year’s third, and five more remain after this. During … Continued
Following futures positions of non-commercials are as of April 22, 2025. 10-year note: Currently net short 906.1k, down 31.6k. A dramatic confrontation between the White House and the Federal Reserve has been put off – for now. President Donald Trump … Continued
Following futures positions of non-commercials are as of April 8, 2025. 10-year note: Currently net short 1,078.5k, up 215.2k. Non-commercials raised net shorts in 10-year note futures by 24.9 percent this week to 1.08 million contracts – now merely 6.1 … Continued
Following futures positions of non-commercials are as of April 1, 2025. 10-year note: Currently net short 863.3k, up 53.2k. FOMC minutes for the March 18-19 meeting will be out Wednesday. The fed funds rate was left steady at a range … Continued