Bond mkt trades like its the end of the world. Buy canned goods now.
- Thread starter stock777
- Start date
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You guys expect some narrowing of the TUT spread ? In the last couple of weeks I did not meet anybody who wasn´t on the band waggon...Based on herd like mentality, we should see some decent pullback...
I would like to thank Moody's for coming out with that info, that really stuck a rod in my ass good! bonds rally 12 ticks in two minutes, gotta love shock and awe!
We're expecting the cash TUT (2/10's) to narrow/flatten to ~75-80bps, currently taking some heat after establishing position ~96 level. RBSGC seems to share the same view. Freakish though, some tense moments when it was trading > 100
still holding onto a ballsy flattener in 2/30's, 146 level, tgt 117-ish (firm managed to exit partially at 119 during the last flattening phase)..
If you're in need of a update at 10:53PM Sunday:
2/5 - 37.40 x 37.70 -1.30
2/10- 98.60 x 99.70 -1.40
2/30- 145 x 146 -1.70
only thing working for us (somewhat decent, after a raping in Cantor REPO is the 10yr OTR vs the 10Y ooCurrent, trading at 1.20 x 2.00 -0.10, breakeven is 1.70
off to bed. 5:45am comes early.
-cbk
EDIT: Prices from Thomson Tradeweb.
nice trade after hitting 105.6 at the high they really dumped the curve yesterday afternoon currently 96.6
yup but today is all about Fed language after decision...
