I keep getting short since June and keep getting fucked over and over and over the yield is so low.... has not been this low since early 09 I keep selling it and getting FUCKED
Yup, that 10Y yield was in a range and then keeping going down and down.. Anyone have access to a ZN / FGBL yields spread chart, please?
taking about the day trade and the only reason it has been up is over bloated bond funds and Benjamin SHalom Bernanke who is a fucking idiot!
So the entire market is long on duration with relentless asian and central bank buying... you are wrong - and your blame is away... how's that working out for you.
Ivan you are not trading, you are gambling. You put yourself in the position you are in, you are the only person responsible for your position, nobody else. Pain is not a stop strategy. With that said, we are most likely putting in a long term top this week or next perhaps, but it is impossible to tell what the exact top will be.
Outright yield... maybe... until QE2 announces and we see 20bps lower in 10s. 2s10s flattener still makes sense, imo - QE2-> flatter curve as accts reach for yield; Recovery -> flatter curve as ylds back up.