Anybody else short US 30 Bond

I am long ZN at 120 11 Stop 120 8.5 about to move to break even. Profit around 120 25

I wonder if the ZN might have a run today. If does I will miss it.
 
Quote from BondTrader50:

Bracing for a move to new lows

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..


have fun!

trader99
 
Quote from ivanbaj:

I bailed out at 120 21 for nice 10 points. It looks like we will have to wait for the action later today.

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.
 
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