The following are futures positions of non-commercials as of September 29, 2015. Change is week-over-week. 10-year note: Hat tip to bond vigilantes! Heading into the FOMC meeting two weeks ago, they never bought into the message coming out of the … Continued
Today is jobs day. At 8:30 later this morning, the Bureau of Labor Statistics publishes the report card for September. A monthly ritual that markets more often than not await with abated breath. Particularly so this time around as the … Continued
The following are futures positions of non-commercials as of September 22, 2015. Change is week-over-week. 10-year note: Last week, post-FOMC decision not to hike, stocks fell. They had rallied strongly into the meeting, and were probably set to drop either … Continued
The following are futures positions of non-commercials as of September 15, 2015. Change is week-over-week. 10-year note: When the Fed finally raises rates – whenever that is – ahead of that move should we now pay attention to fed funds … Continued
The following are futures positions of non-commercials as of September 8, 2015. Change is week-over-week. 10-year note: More jawboning this week! Following in the footsteps of Christine Lagarde, IMF managing director, Kaushik Basu, World Bank chief economist, says the Fed … Continued
The following are futures positions of non-commercials as of September 1, 2015. Change is week-over-week. 10-year note: The IMF is at it again. This week, it reiterated its stance that advanced economies should maintain accommodative monetary policies. By that it … Continued
The following are futures positions of non-commercials as of August 25, 2015. Change is week-over-week. (Please keep in mind that these holdings are as of Tuesday. By then, from high to low the S&P 500 was down 12.5 percent. In … Continued
The following are futures positions of non-commercials contained in the Commitment of Traders report as of August 18, 2015. Change is week-over-week. (Please note that these holdings are as of Tuesday. The S&P 500 swooned six percent in the next … Continued
One look at Chart 1, and it is hard to notice a significant change in momentum behind the U.S. high-yield debt market. Through July, issuance totaled $188.4 billion. Annualized, 2015 is on track to issuing north of $300 billion – … Continued
The following are futures positions of non-commercials as of August 11, 2015. Change is week-over-week. 10-year note: How might the renminbi devaluation impact the Fed’s desire to hike rates this year? The devaluation is at least disinflationary as far U.S. … Continued