So who's holding up the Bund at 122.94?

Discussion in 'Index Futures' started by qazwsxedc, Sep 19, 2005.

  1. 94 for more than 1000, even when surrounding bid quantities are in the low hundreds. Lots of business being done at 95. ZN drop on pit open had no effect.

    Why 94? What's magic about it?
  2. It's building big ledge there on profile, be too obvious to break it on first few attempts. Need to squeeze locals out of there a few times.

    The tnote bund spread is at record so if tnote sells 2000 they'll buy bund, been happening since the open so far
  3. I saw the peak at 95 in the volume distribution, but what intrigued me was the persistent size bid at 94. It looked like someone was iceberging because every time it was hit for size it got topped up.
  4. john.
  5. Him again. Well, that explains it.