credit crisis may be in the 7th inning here but we got crappy earnings and Euro and Asian Banks next, pop the ZB and the whole curve! For now that is... ZB up big in evening session.
Do Treasuries follow oil, or is it an inverse relationship? Maybe there is no relationship at all. 4 years ago when oil shot from 50 to 70 we followed it tick for tick, that would be cool if it happens again. reasons for movement high oil slows down economy, fed lowers rates to stimulate, Treasuries rally or high oil is inflationary, fed raises rates to fight inflation, Treasuries sell off I dont really care what the reason is, just what is happening tick for tick intraday
all I have to say is wow, those BOTS were sure spinning today! Traded a little cash for the first time in a while, that is dangerous 312.50 a tick for a 1 lot with no stops! Up to the high all the way back and a nice rally after the pit closed...
Richard you're back...hope you been trading this ZB long from 114-115 handle up to short at 119-120 handle even though now it appears that we might break if the TY yield goes past and through 4%...
Yes I am still alive. Looking for a down day. Monthly distribution curve needs objective is around 113'32 to balance