UST-Bund Spread : Oh Foolish Foolish Boy

• Tried for ages to sell this but got nowhere fast. In the end got tired of waiting and unlegged the long UST leg, leaving short Bunds naked.
• Chart now looks like the SHS top has broken for real now.
• Unsure of what to do here. Do I buy UST to lock in spread at a crap level ? I had thought that the spread would perform under an environment of higher yields. How wrong could I be.
• In danger of missing the move if spread performs due to UST yields going lower but I just can't bring myself to go long here at 3.25%. This sucks.
• The only thing that will make me feel better is if both US10YY and EU10YY both rise now. (But already wrong once).
• Once again, in trouble because I tried to be too clever.