Following futures positions of non-commercials are as of June 29, 2021. 10-year note: Currently net short 60k, up 57.6k. FOMC minutes for the June 15-16 meeting are due out next Wednesday. The meeting was a surprise to the markets in … Continued
Following futures positions of non-commercials are as of June 22, 2021. 10-year note: Currently net short 2.3k, up 36.6k. Doves have won – for now. In the wake of a slightly hawkish tilt in last week’s FOMC meeting in which … Continued
Following futures positions of non-commercials are as of June 15, 2021. 10-year note: Currently net long 34.3k, down 139.1k. Last week’s FOMC meeting pulled a surprise on markets. Members brought forward their projections for interest rate hikes into 2023, with … Continued
Following futures positions of non-commercials are as of June 8, 2021. 10-year note: Currently net long 173.4k, up 118.6k. The FOMC meets next week. This is the year’s fourth scheduled meeting; four more remain. Not much is expected to occur … Continued
Following futures positions of non-commercials are as of June 1, 2021. 10-year note: Currently net long 54.8k, down 49.6k. In all likelihood, a trial balloon was floated this week. On Wednesday, Patrick Harker, the Philadelphia Fed president who becomes a … Continued
Following futures positions of non-commercials are as of May 25, 2021. 10-year note: Currently net long 104.4k, up 72.7k. In the week to Wednesday, Federal Reserve assets declined $19.3 billion week-over-week to $7.9 trillion but the prior week’s $7.92 trillion … Continued
Following futures positions of non-commercials are as of May 18, 2021. 10-year note: Currently net long 31.7k, up 30.4k. Apparently, some FOMC members at the April 27-28 meeting signaled that they were ready to discuss scaling back the Fed’s bond … Continued
Following futures positions of non-commercials are as of May 11, 2021. 10-year note: Currently net long 1.2k, up 8.5k. FOMC minutes for the April 27-28 meeting will be made public on Wednesday. The meeting was a non-event – pretty much. … Continued
Following futures positions of non-commercials are as of May 4, 2021. 10-year note: Currently net short 7.2k, up 63k. Treasury Secretary Janet Yellen stated on Tuesday that “it may be that interest rates will have to rise somewhat to make … Continued
Following futures positions of non-commercials are as of April 27, 2021. 10-year note: Currently net long 55.8k, up 40.2k. As expected, nothing much of substance came out of the FOMC meeting this week. The fed funds rate was left untouched … Continued