- Lifted long TYH1 leg of Bunds/UST spread on Friday to leave outright short Bunds in Core Book.
- Price action on daily and weekly US10YY narrowing into a wedge. Top and bottom of wedge at 3.46% and 3.25% respectively this week vs current 3.33%. Will go with a breakout of this range. (Not sure if trading the range is such a good idea anymore).
- Until then, the Bunds stay naked short.
- [Watching cable closely. Maybe another 100+ pips to selling level].
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