Charts re-designed to show price, COT positioning, volume and open interest. (as a result of putting 2 charts together the volume and open interest does not line up exactly when I change the selections)
Not much commentary but some interesting things on these two charts:
US Ten Year note showing large pick up in volume (I thought there was a liquidity crisis)
On the 2 year commercial positioning turning long vs leveraged short – price has squeezed leveraged money.
Leveraged money seems to be following the rate hike narrative:
Short-term Treasurys close at 5 1/2 year high after Fed’s interest-rate hike Dec 16, 2015 4:12 p.m. ET
But that narrative seems to be weakening due to world events:
MSCI Emerging Market Index vs China vs S&P500