- Strong down trend in yields, positive carry trade being long USTs.
- Double top downside objective is 2.20%. But, recall using bodies of the candlesticks, there is an intermediate target at 2.54%. Recent low was 2.56% and we have since bounced to around 2.66% now with some sort of short term reversal evident.
- Long TYU0 at various prices between121-24 and 125-13 here. Average in rate 122-15. Game plan was to reduce longs between 126 and 128. Unfortunately, only managed to sell a small number of contracts at 126-03 last night.
- Sitting tight on balance. If this sell off takes us to 2.75%, buy more.
6 comments:
Limit order to pay 125-12 filled while out for long dinner with old friends. Perfect evening!
Sold TYU0 @ 126-06. Partial profits taken.
Hi TS,
This is my fav chart of yours, esp when it's in grey...
:)
And an interesting couple of articles from Zero Hedge you put together:
uber-macro trader Druckenmiller closing his iconic macro fund Duquesne Capital,
next to one of the most basic and original macro-arb trade, Nikkei-S&P Divergence.
Cool.
Don
Yes I recall you mentioning this before. Not many people list grey among their preferred colors. You're the first I have come across.
+ 125-26.5
Yeah, I like grey stuff...
Looks like you're sallying forth after breaching the purple (now blue i think) 3.11 Mason Dixon line!
Don
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