I do zoom-out and check the developments over the quarter and more frequently over the year. Annotating a graph is probably the most intuitive...
This is frustrating. I don’t feel I have moved an inch further to ‘finding opportunities’ in the markets. I suspect the very few ideas I had...
covered 4 ES H8 put spread 2600 /2500 @ 10.25 this has been a horrible trade. the call was right (S&P rebound), but hardly any money made on the...
in this century equities sell-offs usually happened during US yields falling. Current sell-off seems bond related, so not consistent with the...
SLD 4 ES H8 put spread 2600 /2500 @ 16. BOT 1 UXY H8 @ 129.625
Most positions that I expected would benefit from steepening have actually failed to perform. UXY-WN steepener didn’t do well since year beginning...
- closed 1 brent h8 short @ 68.53 (2.4k loss) - reduce ED M9-M0-M1 from 30, -60, 30 to 15, -30, 15 @ 8 bps (opened at 0)
not even actual change in language. Added +7 ER Z9 @ 99.825 for +14 pos.
Certainly I am expecting a steeper curve and higher 10y yields (hence keeping the ED U1-U2 position since last Feb), but for the moment the move...
closed BA M9 short at 97.61
Missed the exit moment in BTP-bund widener. Entered at 1.60% with hopes Berlusconi headlines would widen it. The highest point was 1.86%, but...
Q4 has been a bummer with -2.3% at -0.97 Sharpe. Annual performance with adjustment for change in base currency is -2.14% (+1.45% without the...
increasing size of gilt-bund widening from 1 to 3. -2 G H8 @ 125.05 +2 RX H8 @ 161.80 getting out of EURCZK. Central bank no longer assesses the...
-1 CO H7 @ 66.12
p/l has been around zero for the bTP-bund widener in futures from position open on 15/11/2017. It doesn't look too narrow against credit anymore...
Euribor futures are misbehaving again. December 19 is pricing almost 1.75 hikes. I am too pessimistic on EZ inflation to price that much. There is...
closed long 3 ZAR Z7 @ 0.076775. strength over the past week looks sufficient for pricing in ramaphosa over zuma.
rolls: +1 XT Z7 @ 97.4225, -1 XT H8 @ 97.4075 -5 6E Z7 -> H8 @ 0.0078 +1 NOK Z7 -> H8 @ 0.00042
No good ideas in my mind but I have not posted for a while so here’s a dull overview of some central banks for the week ahead. Fed reaction will...
rolled earlier today: RXZ7->RXH8 @ 0.62 IKZ7->IKH8 @ -1.77
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