Futures trading data calculations indicate preparations are being made for a substantial decline in the 10-Yr Note yield over the next several months. This setup is similar to what occurred between September 25, 2018 and October 9, 2018. Part of this preparation was discussed in the June 3, 2023 post showing a 10-Yr Note Non-Commercial Traders net position chart illustrating how traders are continuing to move to extremes beyond what was recorded on September 25, 2018.
Stock charts courtesy of StockCharts.com.
