Fixed Income

As we approach this week’s FOMC meeting, the market remains net long across the curve, echoing the setup observed ahead of the September meeting when our model flagged “Crowded Longs Ahead of the Fed: Market Vulnerable to Asymmetric Risk.”

Longs Increase Ahead of Fed Longs added positions across the curve, led by the 10Y T-Note, which saw the largest increase (+2.17%), followed by the Ultra T-Bond (+0.80%) and US 30Y T-Bond (+0.75%).This move lifted the Positioning Momentum Score above 1 for both the 10Y T-Note and…

Long Liquidation Drives Sell-Off Longs are unwinding across all U.S. Treasury futures tenors, with the most pronounced liquidations occurring in the 30-Year T-Bond and 10-Year T-Note, down -0.91% and -0.62%, respectively. Meanwhile, short positions have increased in the Ultra sectors,…

Positioning Reversal at the Long End 8 Jul 2025 Accumulation Score peaked last week with maxed-out long signals in 10Y and 30Y — now sharply fading. Long liquidation met by fresh shorts: 10Y positions trimmed, while 30Y and Ultra T-Bond…

JPMorgan Survey Echoes Genesi Positioning Model Signals JPMorgan survey provides external validation of what the Genesi Positions Model has been signalling. The survey’s all-client category for outright short positions — including central banks, real money, and speculative traders — has…

EU Bond Futures: Positioning Ahead of The June Roll Roll flows have kicked off in most European bond futures. The BUXL and BUND enters the roll phase with a short bias, more pronounced at the longer end. We identify the…

Positioning in U.S. Treasury Futures Signals Growing Reversal Risk Net short positions in 10Y Ultra Futures have increased 13% since the beginning of the month. The Position Accumulation Score has hit a -10 Short, signaling elevated crowding risk. A key…