01 February 2011

Bunds : Nice Trend Continuation

  • Short Bunds from way back, combination of outright short and unlegging the long UST leg of a EU/US 10 year spread.
  • EU10YY making new highs of this upleg. Currently at 3.23%.
  • Post to remind myself that yield objective is 3.44%, not too far off. Not the time to be getting excited and increasing trade size here.
  • [Watching 3.46% US10YY like a "hawk". Unlike bunds, I certainly want to increase short TYH1 position on a yield break above. Now at 3.42%].

No comments: