Yeah, I'm selling Dec Notes at 123'15...keeping a close eye on it.. I have a yield target of 2.93% and we are almost there.. if that fails, we could run down to 2.59%, or about 128 in price...
OP is saying that Spoo will shit the bed because of the flight to Treasuries... WHat I'm saying is that I have a resistance level in the notes which I will sell and reverse on signs that the resistance is not held...
Sure...it's up 16 handles in 3 weeks tho... gotta be aware that this is a massive uptrend and probably going to lead to a blowoff top in the next few months or so.. Potentially 135-136 in the ZB first...
I know Japanese JGB are far from a picture perfect playbook for the US treasury bonds, but still worth a look IMO. Japanese gov. bond yields started imploding after their bubble burst and then kept creeping lower and stayed low for a long time, even until today as 10y JGB yield 1.375%. I understand all the arguments ("money printing" = "future inflation"), but how can anyone rule out a replay of this:
That's what stops are for, I am not holding these for "HANDLES"....just tics my friend, I sleep much better! I just get on the train and go for a little choochoo ride.