Tuesday, October 9, 2012

The more things change...

The more they stay the same.   This week is setting up to be a pretty stable week in US Treasuries (knock on wood).  ZN has demonstrated that it has repriced the market, and we are back to center-of-value theme trading, with 133-05 reigning the market today, regardless of what risk assets are doing.

And speaking of risk assets, I recommend closing the Stocks vs 10Yr trade (short ES and short 10yr notes recommended on Oct 1st), as the divergence has been alleviated.

Govttrader out...

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