Wednesday, September 26, 2012

Out of my 7/10 curve trade

Just exited my 7/10 curve trade at 60 bps (initiated at 62.5).  I'm not planning on putting on a steepener...in fact i'll probably look for another opportunity to leg back into the trade.  However, we are at the top of the bell curve and i like getting short the market up here...so exiting a bullish trade makes sense.  I am left short 7yr notes from 99-22.

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