- Reverse perspective of the US10YY SHS bottom looked at in some detail here this past week. TYM0 SHS Top in progress.
- In hindsight, was a mistake yesterday to have sold EDU1 instead of TYM0. EDU1 has yet to break the UpTL whilst TY's NL has been broken.
- Will not compound the mistake further, especially given limited capital resources. Focus all efforts on catching the TY down move going forward.
4 comments:
Reduced half of short TYM0 position at 115-19.5 (3.92%). Downside momentum seem to have been lost.
Out of short TYM0 completely now at 115-24.
ALways a bad sign when a +ve P&L day suddenly turns negative and you can't figure out why. Cut all RATES positions + greatly reduced long USD/JPY too.
Re-sold at 116-00 (3.865%)
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