I entered short on Sunday globex open at 113-26. So far I am getting zapped. Anybody else in a short "position" trade? I need cuddling.
If they go past 116....These have a little more juice to the upside, I do not think they will go much higher than 116 '08 - 116 '16. You will be ok. el surdo ***edited...not to confuse anybody!
I've written a lot on this, and used to be a bond bear (for inflationary reasons mostly. $95 crude, 6%+ real inflation and 4% yields long duration don't quite jive)... i'm now converted. If the prognosis for the economy is lousy, I think long duration yields will gravitate towards a flattening curve in relation to the short duration (which means 30-40% upside against a short). And thats right, commodities will likely take a hit as demand slows and y/y inflation numbers will turn *negative*. Only in hindsight will 4.0%+ yields on long term maturities seem crazy considering the condition. Thats your bull case.
116 was a perfect sale my Bond trading brothers! I will resell them when next rally. good trading! el surdo
bondo got smoked after TAF auction now bid strong you can not hold positions in these markets unless you can take a lot of heat, earnings and rumors cause crazy movements