Time to get back into the 30 year. The yield is back above 3% today. The fed is going to watch Tuesday's 10 year auction to see how much firepower they need. By Wednesday, you'll see the 30 year yield back below 3. I have a target of around 2.7% on the yield, or about 139 on the futures. My entry is at 133 on zbh9.
Quantitative easing has only just begun, part of the strategy is for the fed to keep the rates pinned for a specific period of time.