It's unlikely the treasury will upsize the auction; it might downsize; announcements tend not to move the market.
The market will capitulate next week - then cover. But its been tough for the last 2months shorting then sharp rallies after each major breakdown. The best money in that period was selling tops & reversing on bottoms - but then thats another man's meat.
Agree, but I've no skin in the game at the moment. Wed looked cheap in the ZN and Thurs, even cheaper. Nice places to go long before getting flat this AM.
Anyone else get smoked by one of these block trades yet? Lost 5k on Friday in a millisecond bc some guy decided to come in and sell close to 21k 5yr notes. As if this market isn't risky enough we now have these random rip up and rip downs for no reason. I am trading this market out right which is pretty risky and it just got that much more risky bc of these block trades. http://www.cmegroup.com/clearing/tr...&exchanges=XCBT,XCME,XCEC,XNYM&assetclass=1,6