Its early days yet but the volume in STIRS over the first few days of this year has increased dramatically. It has helped getting filled a massive amount, and although I'm not making the money I used to, its still fun to trade. I have averaged 150 lots over the past 4 days which is significantly higher then what I was doing last year.
I guess its a new year, and new impetus, from fiscal cliff to debt ceiling. It all works out well anyways.
The big hope is that this remains, now if we continue to get better job numbers out of the US this will in turn start speculation on whether the FED will continue to be so accommodating. This in turn as you would expect will lead to new money flowing into STIRs as rate speculation will rise.
In terms of trading I have been shorting into this rally we have had in Euribor spreads, and since the first couple of days we have pretty much retraced back the whole move. In Short Sterling I'm still short, but hoping I can scratch out soon as this clearly didn't go as well... But hey at least its moving!
I guess its a new year, and new impetus, from fiscal cliff to debt ceiling. It all works out well anyways.
The big hope is that this remains, now if we continue to get better job numbers out of the US this will in turn start speculation on whether the FED will continue to be so accommodating. This in turn as you would expect will lead to new money flowing into STIRs as rate speculation will rise.
In terms of trading I have been shorting into this rally we have had in Euribor spreads, and since the first couple of days we have pretty much retraced back the whole move. In Short Sterling I'm still short, but hoping I can scratch out soon as this clearly didn't go as well... But hey at least its moving!
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