Bonds Behaving Short

http://www.bloomberg.com/apps/news?pid=20601087&sid=amB6v0LRZvDk&refer=home

A good article on the readjustment going on.

 

Bonds should rally after Business inventories data at 10 AM EST USA.

10 year at 107 '04 9:32AM EST USA

 

4.8% looks like next resistance, which equates to 107, maybe a little lower in price. I see we hit 107 '01.
Short term these are oversold.

I am a cautious buyer!

Good trading,

el surdo

 

I'm done in bonds, kinda quiet.. people booking for a early weekend.. Forex is still hopping.

10:30 107'05 EST USA time..

good trading..

 

Selling bonds on the open. =)

 

Bullish price action in bonds, significant retrace.

 

bond bear move attempt starting again. Selling..

 

Somehow, my system got me long ZB @ 110 8/32 today.

Up about $700 per ctrct right now...

Makes me wish I had more than one contract!

Maybe it will help offset a @#$%ing Swissie Franc trade that is kicking my azz.


Good trading to all.

 

Bonds didnt use data to rally. Bonds want to sell off the news doesnt matter.

 

The market doesn't feel like it has a great bid. I think we are going to hit 5 percent on the ten in short time.