Asset managers have flipped to net short on 10-year Treasury futures for the first time since November, according to CFTC data. The group reduced long positions the past three weeks after 10-year yields approached the 2 percent level in the lead-up to the September FOMC meeting. Even with the liquidation, yields have risen less than a quarter-point from year-to-date lows reached Sept. 8, suggesting the bull-market trend may still be intact.
The US Treasury 10Y-2Y curve slope has just fallen below 80 basis points.
Liquidity moves markets!Click here to learn how you can follow the money.
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.