Anybody else short US 30 Bond

bonds feel weak today, but it also feels like a trap is forming down here.

 

Yields are climbing that wall of worry. If feels very tense to be short bonds right now and they keep falling.

 

Damn. Some bombs being dropped on ZN

 

you mean fvs, thats where it is starting from. either way its pain in the 10y =\

 

yeah there was a huge seller in 5 yr cash a lot of corporates were priced today including 15 billion+ from Roche. Wicked sell off, tough rally, then sell off again! Lots of opportunities both on the sell and buy side. When the curve gets going you can not fade it or you will feel the pain.

 

was people rolling to m's as well....

 

Finally we will have 10+10 DOM in a month for interest rates:

"10-Deep Futures Market Data
Effective Sunday, March 22, 2009 (trade date Monday, March 23), CME Globex will begin a phased implementation of 10-deep books for futures market data via FIX/FAST on the Market Data Platform. Currently, CME Globex supports a maximum 5-deep book. This functionality will be introduced per product complex as follows:

Sunday, March 22
CBOT Commodity futures (channel 111)
CBOT Equity Index futures (channel 113)
Sunday, March 29
CBOT Interest Rate futures (channel 115)
Sunday, April 5
NYMEX and COMEX futures (channels 30, 31, 32) "

[omissis...]
source: CME Globex Notice Feb 16 2009

 

ten deep is meaningless to me, I would do anything for a full tick in the 30Y though

 

bond at full tick would be fantastic...
dom will be good but it may freak outsome as they will see how thin the market really is (maybe it will help the cme to actually do full ticks in 30s though)

 

DOM will help ZN during some number releases. Only full ticks can help the ZB.