Anyone watching treasuries?

[MrDODGE]

Yields are indicating more short-term pain for bulls

 

[TheCaymanIsland]

Quote from MrDODGE:

Yields are indicating more short-term pain for bulls

MR, can you elaborate more on that?

 

[PohPoh]

Yeah, I'm selling Dec Notes at 123'15...keeping a close eye on it..

I have a yield target of 2.93% and we are almost there..
if that fails, we could run down to 2.59%, or about 128 in price...

 

[wutimzhang]

???

 

[wutimzhang]

what???

 

[PohPoh]

OP is saying that Spoo will shit the bed because of the flight to Treasuries...
WHat I'm saying is that I have a resistance level in the notes which I will sell and reverse on signs that the resistance is not held...

 

[Surdo]

When you least expect it, you will see a full point drop, maybe more.... WHAM....SPANK in ZB!

 

[PohPoh]

Quote from Surdo:

When you least expect it, you will see a full point drop, maybe more.... WHAM....SPANK in ZB!

Sure...it's up 16 handles in 3 weeks tho...
gotta be aware that this is a massive uptrend and probably going to lead to a blowoff top in the next few months or so..

Potentially 135-136 in the ZB first...

 

[makloda]

I know Japanese JGB are far from a picture perfect playbook for the US treasury bonds, but still worth a look IMO.

Japanese gov. bond yields started imploding after their bubble burst and then kept creeping lower and stayed low for a long time, even until today as 10y JGB yield 1.375%. I understand all the arguments ("money printing" = "future inflation"), but how can anyone rule out a replay of this:

 

[Surdo]

Quote from PohPoh:

Sure...it's up 16 handles in 3 weeks tho...
gotta be aware that this is a massive uptrend and probably going to lead to a blowoff top in the next few months or so..

Potentially 135-136 in the ZB first...

That's what stops are for, I am not holding these for "HANDLES"....just tics my friend, I sleep much better!

I just get on the train and go for a little choochoo ride.