Yep! I got 2 words for y'all! SHORT ZN!
It's coming down. I've been building a position. Though as a trader I'm flexible in my positions if it doesn't pan out. But looks like it's going to break support anytime soon..
I was about to say you need to take profits in the 20-23 resis zone for this morning buying under 3.25% the first time down this morning was a gift but now we are stuck in the chop before the 30 yr auction stay out till then. Also with Non-fun tomorrow things should not get too out of wack.
Is the TNX index at CBOE a good way to monitor the 10 year yield in real time? I use IB and I do not have access to data from the cash markets.
Is there a formula that links the 10 year yield to the ZN price? What about the fact that ZN is based on a basket of few maturities from 7 year +? Or does the 10 year yield pretty mach rule the price of ZN?
98.30 is the price of the Ten yr cash which is 3.25% I trade cash markets, have CQG and bloomberg. If you get the espeed/brokertech cash feed on CQG you can have yield (that is an extra 200 a month) I think that is the only way for you to see it.