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
Gold has rallied for four straight weeks – up more than 14 percent from early March. Last week, the metal just about tested crucial resistance at $1,920s. Conditions – daily in particular – are overbought, and a pause is the … 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 February 9, 2021. 10-year note: Currently net long 79.5k, up 20.9k. Minutes for the January 26-27 FOMC meeting – the first of eight scheduled meetings this year – will be out Wednesday. … Continued
Major US equity indices posted new highs last week, but only to reverse and give back those gains. By Friday, the S&P 500, the Nasdaq 100 and the Russell 2000 were all sitting on channel support. Bulls cannot afford a … Continued
Following futures positions of non-commercials are as of January 26, 2021. 10-year note: Currently net long 36.9k, down 9.7k. Wednesday’s intraday drop to one percent has so far been a successful retest of the breakout three weeks ago, when the … Continued
Following futures positions of non-commercials are as of January 19, 2021. 10-year note: Currently net long 46.6k, up 96.8k. A two-day FOMC meeting begins on Tuesday. This is the first meeting of the year – one of the eight scheduled … Continued
Following futures positions of non-commercials are as of January 12, 2021. 10-year note: Currently net short 50.2k, up 77.9k. No sooner than the 10-year treasury yield rallied past one percent than several Fed officials, including Chair Jerome Powell on Thursday, … Continued
Following futures positions of non-commercials are as of December 1, 2020. 10-year note: Currently net long 25.7k, down 89.2k. Once again, the 10-year Treasury yield (0.97 percent) is back at testing the one percent level. Friday, rates rose as high … Continued
Following futures positions of non-commercials are as of November 24, 2020 (data published this Monday instead of last Friday due to Thanksgiving holiday). 10-year note: Currently net long 115k, down 37.3k. The 10-year Treasury yield (0.84 percent) has come under … Continued