Anybody else short US 30 Bond

I know there's been lots of steepening and, in cash bonds, 10s30s is approaching the historical highs (I see current 10s vs current 30s at 104bps). If you ask me, it's just a mechanical steepening on the rally. There's also talk of some stops, as people who put flatteners on too early are getting hammered. I guess there's also fear that Bernanke will be dovish and talk about a possibility of more QE, which would benefit the belly a lot more than the long end.
 
went to a meeting today in Chicago by NYSE LIFFE they are in the process of starting a new exchange that will house Cash and Treasury futures under the same clearing firm thereby lowering margin and eliminating "Cash fails" in direct competition with the CME group, Brokertech and BGC. We'll see if it passes all the regulatory hurdles and does not fail as other attempts to go against the CME group have. Deep pockets and with the NYSE and LIFFE behind it who knows? It would be nice to have another place to trade as ICE did with energies in competition to the NYMEX.
 
Reminder: Fed Chairman Bernanke scheduled to deliver his semi-annual monetary policy report to the Senate Banking Committee at 14:00ET
**The testimony was pushed back to 14:00ET from 10:00ET, so there is a possibility the text will be released from embargo at 10:00ET.
 
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