20 October 2010

UST-Bund Spread : Sell Weekly Break <+4

  • Short from +25. Now at +7.5. Part of original position a bit muddled as traded out of short Bund leg to run open long TY, which looks to have been the right thing to do (touch wood) as am squeezing more out of the naked position.
  • Monthly is below support at +11 already.
  • Weekly : This Friday close below +4 = signal to add  on to short. Reminder : Target is -43.

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