The TNotes and Tbonds have very small movement in the price. But the volume are still in the normal range. It is quite strange when I watch the 1min charts, there are thousands of trades, but the prices can stay at the same level. What are those big guys doing? Are they trading for nothing?
Good, let the mkt just drift away. I am short June TN 115 calls and 113 puts. I think the big boys are just unwinding their macro long trades.
i noticed a lot of size on market depth bids/asks on the 5 year notes. very slow to follow thru when it does goe thru a price. with occasional breaks. ive been scratching a lot trades lately.