10-Year T-Yield Caught Between Increased Demand Of Late From Foreigners And Imminent Tapering

posted in: Credit, Technicals | 0

Bond bears likely view the imminent tapering of T-notes/bonds as a tailwind to their outlook but not foreigners’ recent increased purchases of these securities. Bond bears are probably not happy how things seem to be unfolding in the supply-demand dynamics … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of March 12, 2019. 10-year note: Currently net short 176.4k, down 56.9k. Non-commercials continue to cut back net shorts, which late September last year was at a new record.  The 10-year Treasury yield … Continued

Federal Deficit Continues To Worsen; Repercussions – Or Lack Thereof – For 10-Year Notes

posted in: Credit, Economy, Technicals | 0

On a 12-month rolling total basis, federal deficit in August shot up to just under $900 billion.  This at a time when the US economy is in expansion.  In all probability, the red ink only gets worse from here.  The … Continued

Bulls Defend Crucial Support Last Week, But On Back Foot

posted in: Credit, Economy, Equities, Technicals | 0

US stocks took it on the chin last week.  Large-caps held up better, but risk aversion was seen elsewhere.  The Dow Industrials was essentially unchanged, and the S&P 500 large cap index lost one percent.  The tech-heavy Nasdaq 100 index … Continued

Once Again, 10-Year T-Yield Attempts To Convincingly Take Out 3%

posted in: Credit, Derivatives, Economy, Technicals | 0

The 10-year Treasury yield is at it again, trying to convincingly break out of just north of three percent.  Shorts have done very well in the past year.  They will mint money should a breakout occur.  A lack thereof also … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of September 11, 2018. 10-year note: Currently net short 682.7k, down 73. The 10-year Treasury rate (2.99 percent) rose from 2.81 percent on August 22 to Friday’s high of three percent.  At least … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of August 28, 2018. 10-year note: Currently net short 529.8k, down 170.7k. July’s core PCE (personal consumption expenditures) – the Fed’s favorite measure of consumer inflation – was reported Thursday.  Inflation perked up … Continued