I cant believe Iam bullish on these things but Iam. Bonds are in a bubble. I believe this bubble will last longer than 2 months. I bought some out of the money call options on tlt. As for the actual 10Y and 30Y markets, they are absolutely destroyed by this lack of liquidity. Its so depressing I went from trading 120 lots in the 30Y to 6 lots in the ten year now. It sucks more than anything has ever sucked before. Any other horror stories out there? Jesse
quick response b4 ADP I used to spread 5 by 50 in the cash market and trade 20-30 lots outright now I trade 1 by 10 in the spread and don't trade more than 4 ZB or 10 ZN but it moves so much you can have a real good or bad day with a few trades so many primary dealers and bank trading desks gone so sad sometimes I trades spooz just to see volume these days but they have become a choppy piece of $hit as well...
Please tell me you are kidding, I'm trading 2-3 lots on ZN, but the Best I can hope for is 6-10? I had no idea things were this bad...
you can trade as big as you want but with the bid ask 100/120 all day if you trade a 100 lot + and someone sweeps the book with a 2000 lot and you're on the wrong side you just lost 15K+ in a second too much risk. Maybe size will come back one day...The only way to do it right now is to scale into a position.
not kidding, You can trade more size, but you cant scalp it. Theres no such thing as short term edge when there is no size behind you.
i have horror stories so bad i tear up just thinking about typing them.... cme is supposed to show 10 deep soon. that will either a) increase desire to show more as i can see whats behind me. b) scare the junk out of me because there was NOTHING THERE TO BEGIN WITH!