Bond rally nearing an end?

Do you trade around the position to enhance your cost?

 

Flat Sep Bonds at '13. a whopping 3 tick gain. woo hoo.

 

At least you got on base!

I have been chopping wood on rallies and buying back on the meltdowns to get my average down. I am in pretty good shape now.

 

Sometimes-- No shorter time frame than 60 minute chart.

 

I used to hold for a week or two, I won't even say how long I have had this beauty on!

 

heehee, same here, lol...

 

This is exactly the point were I would normally convert my outright long position into a bullish spread by adding puts to my calls with the intention of selling the puts after bonds correct -- that's my idea of trading around my position -- but instead I decided to keep things as simple as possible and ride the wave for maybe another couple of weeks. Maybe I'm also getting lazy...

 

hey mcurto:

Looks like the bonds are picking up a bid on fears about emerging market contagion. Are you seeing this?

 

I may start selling SEP 30 YR above 106 '26 vs my JUN long, almost the same thing.

 

Everything is technical analysis right now. We're in a tight nexus of resistance levels where oil bottomed at exactly 68.00 yesterday, bonds topped at 107'00 today, and the dollar index was two ticks away from 85 yesterday before coming back down.