Following futures positions of non-commercials are as of April 16, 2024. 10-year note: Currently net short 362k, down 144.8k. Last October, the 10-year treasury yield peaked at five percent, having rallied from 3.25 percent in April. In the week to … Continued
Following futures positions of non-commercials are as of April 9, 2024. 10-year note: Currently net short 506.9k, down 63.1k. In the past month, the 10-year treasury yield went from 4.04 percent on March 8th to Thursday’s high of 4.59 percent. … Continued
The 10-year T-yield just poked its head out of 4.30s resistance. Economic data in recent weeks have come in much stronger than expected. Although it is hard to argue the rally in rates will have staying power – unless, of … Continued
Following futures positions of non-commercials are as of March 26, 2024. 10-year note: Currently net short 578.3k, up 4.3k. Well, looks like a battle of sorts is brewing within the FOMC. Recent commentary from Federal Reserve Chair Jerome Powell has … Continued
Following futures positions of non-commercials are as of March 19, 2024. 10-year note: Currently net short 574k, down 29.5k. It was almost as if Jerome Powell, Federal Reserve chair, did not want equities to go lower. That is the feeling … Continued
Following futures positions of non-commercials are as of March 12, 2024. 10-year note: Currently net short 603.5k, down 109.7k. Fed funds futures traders are sticking with their outlook for three 25-basis-point cuts this year, with the first cut taking place … Continued
Following futures positions of non-commercials are as of March 5, 2024. 10-year note: Currently net short 713.3k, up 47.7k. Once again, markets are demanding more versus what the Federal Reserve is willing to give. Going into this week, fed funds … Continued
Following futures positions of non-commercials are as of February 27, 2024. 10-year note: Currently net short 665.6k, down 63.5k. January’s PCE (personal consumption expenditures) price index came out Thursday. Ahead of the report, futures traders were pricing in three 25-basis-point … Continued
Following futures positions of non-commercials are as of February 20, 2024. 10-year note: Currently net short 729.1k, down 31.5k. In the futures market, fed funds traders have now reduced rates outlook to three 25-basis-point cuts this year. This is right … Continued
Following futures positions of non-commercials are as of February 13, 2024. 10-year note: Currently net short 760.5k, down 67.9k. FOMC minutes for the January 30-31 meeting are due out Wednesday. The policy-making body stood pat at that meeting, with the … Continued