us treasury futures

COT Blue: A Short-term Path For Powell

By |2018-10-22T17:31:53+00:00October 22nd, 2018|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

On December 12, 2007, the Federal Reserve announced its entry into emergency “non-standard” policy measures. In a belated attempt to “address elevated pressures in short-term funding markets”, the US central bank would begin auctioning reserve funds “against the wide variety of collateral that can be used to secure loans at the discount window.” The Term [...]

COT Blue: Bonds Are Not Tuned In To The Mainstream Channel

By |2017-12-05T19:06:22+00:00December 5th, 2017|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

You do have to wonder to whom the increasingly shrill bond market declarations are being directed. It’s very likely that Bloomberg’s now daily haranguing “the yield curve can’t possibly be right” tirades aren’t meant for UST investors. Rather, it is perfectly evident that the treasury market is going to do what it does regardless, and [...]

COT Report: Black (Crude) and Blue (UST’s)

By |2017-09-11T18:53:13+00:00September 11th, 2017|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Over the past month, crude prices have been pinned in a range $50 to the high side and ~$46 at the low. In the futures market, the price of crude is usually set by the money managers (how net long they shift). As discussed before, there have been notable exceptions to this paradigm including some [...]