Thursday, October 25, 2012

Trying to play the chop...just sold my 10yr notes @ 98-07

So I'm flat and looking for the next trade (i won't retire on 6 ticks, but its more than enough to pay the rent).  The 29bln 7yr auction eclipses the 5bln 10yr POMO buyback in i'm content being flat for now.  Ideally, i'll have another chance to buy a dip later today, as I am still bullish on UST and bearish on stocks.

govttrader out...

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