Starting to think we might be in for a pop pretty quick in the 10yr. Super high volume and we are coming up on good support in that market. Plus if the stock market gets a beating this week that should cause some short covering in the 10yr. Just a thought
we are in support zone right now we'll see how FOMC mins go tomorrow...I could see that happening though.
Take a look at the 10yr fellas. Looks like if we can break through 115.28 we could be in for a little pop. On the other hand a break below 115.19 and we look to head lower. Either way I think those 2 numbers will determine where we head the rest of the day. Good Trading Guys!
sell rallies as long as equities keep rallying... shock and awe anytime with AMBAC and other bond insurer stories...
these steepeners are getting very rich but no one is taking them off they keep pushing it more and more, pullbacks are to add more to em'. Nice to be short the long end! Sell sell sell...
Guys take a look at ZB! Time to buy this thing up again. Our break to 115.16 today was met with a pop on nice volume. Support around 115.20 should hold us and I think we have the strength to challenge 117 again. In the 10yr options pits SSB sold 10,000 apr 112 puts. Somebody also sold 10,000 May 111 1/2 puts. Merrill bought 10,000 june 134 calls. The last one is really something to take note of considering we are trading around 115 now in the 10yr. My guess is its some risk manager who is short a decent amount of futures and wants to sleep somewhat well so he is buying these cheap ass calls just in case something would go crazy. Thoughts on the market guys?