Following futures positions of non-commercials are as of February 27, 2018. 10-year note: Currently net short 342.9k, up 128.4k. On February 5 when Jerome Powell took over as Fed chair the S&P 500 large cap index dropped 4.1 percent, and … Continued
Following futures positions of non-commercials are as of February 20, 2018. 10-year note: Currently net short 214.5k, down 82.5k. Three percent on the 10-year Treasury note is a closely watched level by many. If it is surpassed, stops likely get … Continued
Following futures positions of non-commercials are as of February 13, 2018. 10-year note: Currently net short 296.9k, down 30.6k. If 10-year Treasury yields (2.88 percent) reach three percent – or even where they are currently – would/could that be used … Continued
Following futures positions of non-commercials are as of February 6, 2018. 10-year note: Currently net short 327.5k, up 111.9k. The bond market is worried. Yes, beginning last October the Fed has been curtailing its bloated $4.5-trillion balance sheet. Yes, foreigners’ … Continued
Following futures positions of non-commercials are as of January 30, 2018. 10-year note: Currently net short 215.6k, up 97.7k. Last week, the futures-market odds of a 25-basis-point hike in the March (20-21) meeting in the fed funds rate stood at … Continued
Following futures positions of non-commercials are as of January 23, 2018. 10-year note: Currently net short 117.9k, up 28.6k. Tuesday, a two-day FOMC meeting begins. This is the year’s first, and will be Janet Yellen’s, the outgoing chair, last. (The … Continued
Spot West Texas Intermediate crude, up 54-plus percent since last June alone, is giving out signs of fatigue. Non-commercials have been on the right side of this trade. As they usually are. These traders follow the trend, and the trend … Continued
Following futures positions of non-commercials are as of January 16, 2018. 10-year note: Currently net short 89.3k, down 107.6k. A Bloomberg article last week about China beginning to weigh slowing or halting purchases of U.S. Treasurys gave the bond market … Continued
Following futures positions of non-commercials are as of January 9, 2018. 10-year note: Currently net short 196.9k, up 121k. Is this the big one? The big breakout in 10-year Treasury yields, that is? The 10-year has been trapped in a … Continued
Following futures positions of non-commercials are as of January 2, 2018. 10-year note: Currently net short 75.8k, down 7.8k. It is on. Doves versus hawks. At least for now. FOMC minutes for the December 12-13 meeting highlighted the growing tension … Continued