This was a very long night session..as the market moved in a very slow fashion (so far) with not much volatility...just a drag to lower prices Someone sold 100mm 10yr notes in the screens down at 98-13 just now, and I was the lucky recipient of a portion of that. So far, the market is just sitting here...we will see what happens next.
From a market profile perspective, we are at the bottom of the inner
bell curve. I still like buying UST vs stocks, and i want to be long
for month end...and we are at the bottom of the first bell curve (3
ticks lower to the next bell curve).
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