- As explained in yesterday's post, shorting Bunds makes sense for the core book (insurance for large short EUR/USD position in case of positive development on Greece/EU).
- Established initial short today at 124.55 in Jun10 Bunds, as planned.
- No plan to increase short Bunds until signs of a turn or if we get really close to 2.85%.
1 comment:
-125.15 ... average short 124.85
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