- Long-standing downside objective for US10YY here at 2.51%. Low last night at 2.54%. To all intents and purposes, consider objective met and square up. Stay away!
- Was running long TY against smaller long EDH2/U2 spread. Now left with the ED spread naked. At +3.5 low and at ZIRP, this is the time to hit it (buy spread) in size.
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