Tuesday, 26 June 2012
Buying the Euribor Spread selloff
After the sell of In Euribor spreads yesterday, I took this morning as an opportunity to buy up everything as they were at week lows. And we did get a brief rise in these spreads which got me out of those positions. After managing to get long 7.5s in Mar14Jun14, and small 5s in Dec13Mar14. These spreads have now started to come back down towards morning levels so looking to potentially buy again.
Looking else where European issues continue to plague the market, and its seems like the market is just waiting for something significant which as of now doesn't look like it will come. (Famous last words..)
As its the last week of the month and data is on the light side, I will be trading much more cautiously as volume has dropped off, and so trying to avoid being caught on any significant market moving news.
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