04 August 2009

Bunds/UST 10 yr Spread : Crunch Time

  • Last +28.5, right at the weekly break point
  • Expect either NFP or supply next week to give this trade a fresh push towards the long held DBT objective at +89 (though of course it will take a lot more fundamental development to get there)
  • If not, then its back to +11/+29 range and more waiting

No comments: