After the huge sell off in bonds we have got some significant retracemnt with the Bund close to touching 138 again. So much for that, spreads have come off as you would expect but are still not where they were pre sell off. However there is more of a range in these Bors which is good, although Volume has been getting worse. Although it was dangerous shorting the spreads finally paid off, but I think here we have to be careful, we are in the middle of the whole move on many of the 3 month spreads, so trying to look at the Bund and the 2s 10s spread to give guidance as to which way the spreads mite go.
The week in general however has been pretty quiet so not much else to report.Hopefully we get some more volume again next week!
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Enjoy reading your blog, you should update it more frequently! I can't find any other blog that talks about this kind of trading.
ReplyDeleteHi i will try update it more often for sure. Glad its helping
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