I am long ZB. I know that GBL is the Bund I want to get long that too after their May Day holiday today. JGB is the Japanese Bond what is GL (or JGB.GL)? Thanks
Bund Future is FGBL Bund Option is OGBL GBL stands for 'Government Bond Long' (Remaining Term is 8.5 to 10.5 years) Hence GBM or Bobl stands for 'Government Bond Medium/Mid' (Remaining Term is 4.5 to 5.5 years) Therefore GBS or Schatz stands for 'Government Bond Short' (Remaining Term is 1.75 to 2.25 years) My guess is that 'GL all' in this context means 'Good Luck all'
Hello BondTrader -so what happened a month ago when the bonds spiked 7/8 points? Was this because there were different order types or no "big" orders? Seems strange to have so called protection only in this instance. & I hate the way they don't publicize how Globex works. You only find out on days like that day. Maybe Globex thinks the big institutions need protection now that they've wiped out local liquidity and most of the traders that used to work the book.
The last FOMC may have had one instance of this in ZN at the outset but there was some back and forth trading during that huge run. If a large order is entered that will take more than 30 price levels(15 ticks) then the protection kicks in. They do publicize it. I'll look for a link later. I also saw this in Sep 08 in ZN when they failed to pass the bailout bill.
It seems to be an UK holiday. The rest of Europe is open. I thought that all traders from UK have moved to Switzerland by now.
If we can just break this 120 050 area in the 10 year, I think we will see a nice water fall down day. More than we've seen so far.
Pull up an hourly chart on the 10 year. We are about to test/break three previous tests, i.e. 3 day's worth of previous tests. This is fairly significant, unless more tricks are up their sleeve. Looks like new significant lows are around the corner.