Bond rally nearing an end?

Hey mcurto-

It would appear that the curve is flattening somewhat. Is the floor fading the steepeners? I assume that there are some moderately large buy stops around 107-16 that could really switch momentum back to inversion.
 
Speaking of fading the steepener Smith Barney did so as we broke today selling 15,000 TUT spreads (selling twos vs. buying tens at a 1.52 weight). Was a good spot to get a good deal in tens, as lots still feel they are somewhat cheap at 4.80% and ultra-cheap at almost 5.00%
 
Quote from gharghur2:

Still think oil is heading lower short term
Hope you took a profit
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broke even, although the risk/reward ration was HORRIBLE...not pround of myself at all...
 
Quote from mcurto:

Speaking of fading the steepener Smith Barney did so as we broke today selling 15,000 TUT spreads (selling twos vs. buying tens at a 1.52 weight). Was a good spot to get a good deal in tens, as lots still feel they are somewhat cheap at 4.80% and ultra-cheap at almost 5.00%
More...

Whaddaya think of the story that we may be in for higher rates due to foreigners being spooked by U.S. protectionism. As an arab nation i'd be pretty pissed that Congress has denied ownership of the port. As a punishment tactic do you hear much of this on the floor?
 
Zero talk of the port deals and implications in the Treasury markets. Most talk these days is curve steepening and spread widening (swaps, mortgages, agencies vs. Treasuries) along with a pickup in vol, is this a breakout, or just a short-term hiccup.
 
Think it's a breakout here.
Been looking for rates to rise since the first time the 30yr touched 4.5% again in mid february...looking for the low 109's to end the current move.
 

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