Friday, September 28, 2012

Time to shift trading strategy

Month-end for September has come and gone, and now it is time to look forward.  The Fed has just released its schedule for the next month of UST POMO purchases, and it is bond heavy.  However, the next concentrated market transaction will be the 10yr and 30yr auction the week of Oct 11.  Between now and then, selling strength in UST should be the order of business.  We have a full week before NFP, so hopefully, Monday and Tuesday (POMO 10yr and 30yr) will see a pop of strength that we can sell into.

No comments:

Post a Comment