- Recall this spread (EDM0/Z0) from the old blog
- Finally making its move towards previous top at +88.5
- Last +86
- Fuzzy stop. Small position given top picking. Allow for possible push above +88.5 = temporary pain
- Add only upon clear sign of turn
- Strong (ie less weaker than expected) NFP this Friday could widen this further, but would be offset by further widening of long Bunds/short UST spread
04 August 2009
Eurodollar Spreads : Low Risk/Reward Sell
Labels:
Core,
ED Spreads,
RATES
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