04 October 2010

UST-Bund Spread : Doubled at +23

  • Trade done on Friday night, overlooked reporting here. (Still trading around +23 today).
  • Doubled the short Bunds/long US Ten Years at +23. Average in rate is +25.
  • Reason :  2nd consecutive weekly close under SHS top neckline at +27 = confirmation of down.

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