- Heavily exposed to higher interest rates here (big outright short both TY and long EDM1/Z1, as well moderate +Bunds/-UST).
- From monthly chart, there should be very good support for 10 yr Bunds around 3.44%.
- Will buy Bunds 5-10 bp higher from here (currently at 3.31%) to reduce naked Rates exposure. Not too far away now, so limit orders in.
1 comment:
not a big fan of the steepeners in eurodollars, fed is on hold for a long time
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