Friday, September 21, 2012

So i'm sortof flat...but not really

I just sold 2 units of 7yr notes at 99-02...which leaves me net long 0.7 units of 7yr notes (or 0.5 units of 10yr notes)...and in a 7/10 flattener.  If the market sells off, i'll be tempted to buy back my 7's leaving me long my 10s again.  If i had to be long, i still want to keep my long in 10yr notes, as they have recently cheapened, and there are Fed POMO buybacks next week.

more later...govttrader out

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