Anybody else short US 30 Bond

It broke/is breaking through through MAJOR support right now.

I agree if it stays below this level and does not rebound, there is virtually no support for a long way down.


too bad i'm not in this thing anymore : )
 
It may fall a little further but the Fed is not going to let it fall too far because that would wreck plans to revive the mortgage market.

A couple of Fed officials have given speeches this month referring to the possibility of the Fed's buying the long bond.

Europe and Asia are still melting down, countries all but going bankrupt (Spain, Ireland) and I cannot see all of this melt- down turning on a dime.

I have switched back and forth several times between long and short and have just taken off all my shorts and built a modest long position again. I will add to it on further weakness.
 
I been short rather heavy since the strong support around 131220 broke. There was also a range for a few days prior to the big rally in tbonds last week too with the support of 131220.

I read somewhere in some book that when a range breaks one way but then reverses and breaks the other, its time to sell the kitchen sink.

Hopefully, that will be the case this time too.
 
It seems to be that the recent pattern is for ZB to sell off big time in the days prior to major auctions, and then to rally strongly when the auction actually occurs.
 
Quote from Topsurfi:

to begin a trade war against china would be the most stupid thing US could do.
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Agreed.

I'm betting that Geithner and his team really know that and that it is all pure talk for U.S. domestic political consumption (to pretend to cater to labor protectionist sentiment).
 
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