Thursday, August 9, 2012

Forget the top of the Bell Curve....we'll be lucky if we get above the mode

Well, the market has spoken...nothing matters today except Europe and the 30yr UST bond auction.  As 1pm approaches, expect to see more and more selling of 30yr UST as market participants setup for today's 16bln 30yr UST bond auction.  Every other market seems to be sleeping today...must be summer vacation week.  Even Crude Oil and the VIX are sleepy.  Unless some surprise tape bomb comes out that hammers stocks in the next 3 hours, i doubt we get above the mode in bonds before the auction.  Getting long bonds is clearly not an option...the only question is...for those not short yet...where do you sell it...104-29 maybe??

good luck...govttrader

1 comment:

  1. Hey I like your post. Do you have a Twitter account?