26 February 2010

EU10YY : Stopped in Jun10 Bunds @ 123.03

  • Discussed this a lot here recently. Low yield traded tonight 3.093%.
  • Stopped-in long Bunds (Jun10 @ 123.03) right at the high thus far. Now at 3.096%.
  • Give it a few days and if we do not follow thru on the downside (yield), will be happy to abort trade.
  • If the triangle (both monthly and weekly) works, this could turn out to be huge.

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