- Higher yields seem high probability outcome. On charts, close above 3.09% point to 3.44% as next likely target. (Now trading at 3.11%).
- Sitting on substantial short Bunds, which offsets the losses on the short EUR/USD hedge somewhat. No inclination to take any further action yet. Will consider re-establishing Bunds/UST spread if US10YY trades up around 3.43%.
3 comments:
Paid 120-09 (3.41%) for some TYH1. (Originally long against short Bunds).
- 120-18. Square again.
Added to short Mar11 Bunds @ 124.14 (3.12%)
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