- Noticed a standout in my STIR Spread charts (see red circle). Not sure if it is meaningful or not.
- Calendar spreads for Eurodollars, Euribors (just about) and Aussie Bills widening the past 2 weeks. Short Sterling, however, has continued narrowing, indicating market view of little risk of BOE tightening.
- Another reason to be negative of cable? (on US-GBP interest rate differential expectations).
- [Wondering if I am getting too much suckered into this stance. History has proven that whenever I am in the "All Roads Lead to Rome" mode, big losses tend to be just around the corner.]
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