nothing makes any sense I watched the Ten yr. futures pop (while spooz were making new highs) while the cash did not move hardly at all and the bond lagged something different everyday just trying not to get steamrolled!
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Anybody else short US 30 Bond
- Thread starter richard_m
- Start date
nothing makes any sense I watched the Ten yr. futures pop (while spooz were making new highs) while the cash did not move hardly at all and the bond lagged something different everyday just trying not to get steamrolled!
weird weird day. i think its still very very thin in all markets right now. its getting incrementally better each day.
Quote from dhpar:
it was a fantastic call.
inverted, do you mind telling us in retrospective on what did you base it?
i have to say, with treasury's auctions announcement tomorrow, i was quite bearish - fortunately i chickened out from any trading in rates today...
November has traditionally been bullish for fixed income but that did not help today I got steamrolled on a basis trade! (long cash/short Ten year futures and got killed on that leg!) Also just looking at the charts a move from 120 down to 112 handle in ZB in a week is oversold to me... should have just bought spooz in the early am and rode em up but no I was an idiot but there is always tomorrow.
I have the long bond setting up for a major directional move. Although markets have been choppy and volatile, the big picture view is extended consolidation for many months. Eurodollar, 5's and 10's appear to be leaving the gate, but it is not clear to me yet where we are headed. We have held the key 114'16 level and today close right at my breakline.
The weekly price action since has held below a key breakline and if we move below 113'14 lookout below. Keep a close eye on this one and be flexible, my feelings are it could be a big one and DOWN is not going to be a surprise.
Eurodollar is set up too.
The weekly price action since has held below a key breakline and if we move below 113'14 lookout below. Keep a close eye on this one and be flexible, my feelings are it could be a big one and DOWN is not going to be a surprise.
Eurodollar is set up too.
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soooooo thin
I know a 1000 lot just moved that damn thing (ZB) 10 ticks up!