The BoJ took everyone by surprise this week. Shocked markets have concluded that the central bank, which lagged its global peers in rate tightening, has no other alternative than to join them. In the futures market, non-commercials’ net shorts in … Continued
Fed chair made it clear last week that things have not deteriorated enough for them to act. In this atmosphere, the 10-year rate can head toward two percent. Equities, in all probability, will not like that, even though they are … Continued
Following futures positions of non-commercials are as of March 2, 2021. 10-year note: Currently net short 95.6k, up 98.4k. Chair Jerome Powell apparently failed to calm bond-market nerves on Thursday – or at least that is how markets’ reaction would … Continued