Anybody else short US 30 Bond

7Y,10Y spreads back in positive territory, the latter hanging on by 1 bp hah! Just a question for those who follow this thread. How many are actually short treasuries? Anyone long? Have a good weekend all!
 
I would be short if I could sell anything under 3.25%. Right now too choppy and no one knows if we stay in this 3.80-90 area or blast back up to high 3.60's to 3.75 area or run at 4.00-4.15% too much uncertainty to hold right now. I trade ZN and ZB intraday unless things go to extreme levels.
 
My holding period is little longer...due to my mobility (trade these in partnership), and my personal comfort with a short time frame in notes/bonds. I've been short (10s) since thanksgiving with no timeouts. 4.1-4.2 on 10s is where I step out probably, as I am not willing to gamble that QE2 a-la 3-18-09 isn't again in our future to rein in mortgage rates in that scenario. If similar style QE is employed again while im short, i'll double down. If I im not in the market when it happens, i'm shorting. And if things don't go my way, i'm out at 2.9. To your point though, yes a lot of uncertainty and resistance at this 4ish level.
 
Quote from Martinghoul:

If we break through 4.10, we will be going through the ceiling in the spread between 10y and FF effective that has so far held for 60 years.
More...

that may be the case but every day we see things that have never happened so I am not shocked my anything anymore! 4.00% in 10 cash held for today or for now...
 
no more bitching I have to realize what this market is, one to two days of chaos followed by a week long range. Auctions only have an effect if they are bad. Not having traded for 5 months I came back to a different animal an animal of years past mixed with some chaos and on those days of chaos you have to maximize your P/L cause the rest of days are a grind my friends, a FUC$ING GRIND. Greece only needs to raise a small amount compared to even AIG so that is not an issue.
 
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