I didn't expect that figure, -0.1% for quarterly annualized GDP out of the US! As you would expect the initial reaction was a pop up in fixed income products and a drop in Stocks. Spreads maintained there levels quite well but this morning we are seeing some pullback which was to be expected after the big run up in the front months the past few days.
Looking at Mar14Jun14 3 Month Euribor Spread, we see that its trading now mid range. So tough to really have a real bias around these levels. I've been shorting primarily on the move up, but I have been trying to scalp half ticks in the volatility also.
For the rest of the day going to look at playing it small, with not much data out today, and it being end of month we mite get some extra volatility in the out rights.
All in all its been a good January, hopefully this follows through to the rest of the year!
Looking at Mar14Jun14 3 Month Euribor Spread, we see that its trading now mid range. So tough to really have a real bias around these levels. I've been shorting primarily on the move up, but I have been trying to scalp half ticks in the volatility also.
For the rest of the day going to look at playing it small, with not much data out today, and it being end of month we mite get some extra volatility in the out rights.
All in all its been a good January, hopefully this follows through to the rest of the year!
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