03 January 2011

UST-Bund Spread : Initiated Short @ +41

  • Long running saga of the weekly SHS top continues. 
  • Several failed attempts at shorting although results were a net positive purely by lucky coincidence. Squared up for the year just before this took off against me.
  • Possibility of SHS remains. Much better entry levels now in the +40s. Fresh short initiated here at +41 earlier this evening.
  • Bigger hurdle than before for SHS to be validated now. New neckline is at around +10. Until this breaks, can only attempt to sell this in small.

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