Wednesday, September 26, 2012

Sold another unit of 7yr notes @ 99-24+

The market is still random (with a bullish bias going into month-end).  The 5yr and 7yr auctions should temper the rally.  I'm not looking for a selloff..just a small retracement.  Avg price of my short 7yr position is 99-23.  Returning to the mode should take 7yr to 99-20.  The other side (if there is a reversal in stocks) would take 7yr to 99-15.

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