27 February 2012

US10YY : DownTrend

  • Long TYM2 position finally seeing possible daylight. [In-rate marked at 131-06. Actual rate a bit lower as original TYH2 was rolled at a profit]. Suffered a ride down to 130-03 last week on this position. (Now 131-10).
  • One of the few downside to SaxoTrader is no access to bond yields. Crude chart from Bloomberg website here.
  • I am reading current price action as a 4th wave consolidation and expect the 22Sep11 low of 1.696% to be taken out eventually [this goes against what all the gurus eg Jeremy Grantham are saying].

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