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as previously discussed as soon as there are directional downturns the front fly goes positive managed to sell +1,s 1/4 size taking care to scale in remembering h/m/u got to +4 on one of the greek debacles so no hurry also sold more m diffs at par like 19.5 vs 58.5 z/z dlrs...

sold m eibor diff at par 22.5,s v 67.5,s and managed to sell small (and in the interest of honesty only by legging) m short sterling diffs at -2 27,s v 79,s i like any fly diff approaching par almost irrelevant of currency short sterling is possibly the most cloudy as election concerns and...

my curve positions seem to have got stale with little p/l change over last 10 days and i am stale of views z/z dlrs - -1 tick at 141.5 keeping re instated 1/2 after liquidation at 150.5 z/m/z s stg -26 converence to h/u/h now only 10 ticks liquidated blalnce m diff s stg + 3 ticks short...

Bptrader is very wrong in the uk there are a number of very successful locals both ex pit and ex firms who mentor and teach myself and a colleague included we have had trading alongside us and backed a number of independent traders for many years of course we make some money from...

rentered dec10 dec11 at 142 overnight

i have spent nearly 30 years in the futures and fixed income trading world , there are dozens of trader definitions and many types of backers with capital and you need to understand the differences to make a choice that suits for you and your potential career.Beware the jargon for me i...

ecb sources indicating extension of liquidity measures at march 4 meeting yield premium to cash being removed again eonia flies all gone flat or slightly negative m diff around par is interesting to short but not quite there yet

apologies never necessary always happy to discuss markets made of opposing views a diff is simply two butterflies one long one short eg h/m/u v m/u/z like the majority of my spread views a relative curve relationship kinked often by liquidity or "an in play " month distorting the...

actions starting to follow the words cbs are sending clear signals e dlrs z/z had reasonable move to 150 (high 150,5 overnight) booking p/l on 1/2 will reset longs on move back to 142 short sterling m/z/m s stg still running current -26 front diff troublesome not enough steepness in m/u

m/z/m sterling liquidating 1/3 at -21 this morning convergence to h/u/h still favourable but decent 24 hr move no progress on m diff but no change of opinion bernanke was pretty clear favouring long edlr 12 mos cal longs u/u or z/z probably

didnt get the follow through post overnight papers on King stopped the outright long in dec at 70 for 2 tick loss still following the diff opinions favour dec to trade and from teh long side running m fly diff and m/z/m no real ideas in bor telegraph carrying an article that is...

another cautious central banker king pretty clear cautious economic view sold front diff at + 3 20.s v 63 and m/z/m -16 m/z/m has great convergence still to h/u/h market should continue to defer steepness yield whores likely even at up 10 or so to want dec and beyond tomorrow...

big seller today h/m/u fly 10k plus with nowotny comments in ft and at a round table m might be in more favour as a long had success as reported over last month but got hurt thurs friday in the panic risk on the sovereign crisis and contagion bothers me

so nowotny alludes to the possibilites that ecb might be changing the duration but not the amount of the maturing repos fronts up

very favoured local and arcade trade schatz bobl and eibor arbing sophisticated stacking and arb "pigs" exist everywhere with big firepower many without regard for fundamental curve shifts they just take rough with smooth and assume a mean reversion at a new level difficult to get...

memiries do appear very short i agree equally i agree the current issue is very definitely a CLub Med however over time in may become a US sovereign risk issue too .USA structural issue is huge 10.6 % of gdp annual deficit overall public debt 70 odd percent of gdp by 2015 Maudlin already...

one of those times discipline and a trailing stop are in hindsight a dumb move looks like front basis risk is being worried about and lending strike risk increasing all stirs have fronts down on day but overall big curve flattening tin hats on

see my earlier comments have been short from the previous bounce at slightly over 10 on longer term removal of liquidity and return to a more normal repo to interbank relationship view and short front fly had a little success and took 1/2 off around low 99.00 (m was lead month) stopped...

well just when i had gained confidence following a month of reasonable p/l, contagion pollutes the scenarios to a potential risk level that i cant quantify.The reasons i stopped trading curve views return with avengence sadly.Whilst i believe that the emu crisis suits the political elite and...

eibor as market has come off a tad more front fly fy has returned to par this morning added to the short from -2 odd sep/dec activity yest big volume seller early on lead volume spread by miles 26,s were doable first 4 hours front condor approaching +2 is perhaps a better sell than...