We have seen some pretty wild swings in the Equity space as well as commodities, as we have had huge spikes down in GOLD in particularly. Bunds have breached 146 again as risk appetite wains.
However STIR spreads have remained static. Low volume, low interest, and a slight downward trend.
We are trading at the lowest levels in these spreads, and my first thought is just to buy buy buy. However its a matter of patience as there is no real push one way or the other and so being able to day trade it is near on impossible.
I had got long 4s and 3.5 in Jun14Sep14, long 4.5s in Sep14Dec14, long MarJun14 at 5.5 and 5 and long 6s in Jun15Sep15, and managed to eek out 1/2 tick in some and scratch the rest, but this was done over a period of 4 days which is the furthest thing from day trading. There will be a day soon where some catalyst will push these spreads up, when it will be I dont know, but this situation has happened before. The potential jump up in the spreads will be the perfect opportunity to short.
As I right its still dead as anything, cant imagine much to change that but you never know.
However STIR spreads have remained static. Low volume, low interest, and a slight downward trend.
We are trading at the lowest levels in these spreads, and my first thought is just to buy buy buy. However its a matter of patience as there is no real push one way or the other and so being able to day trade it is near on impossible.
I had got long 4s and 3.5 in Jun14Sep14, long 4.5s in Sep14Dec14, long MarJun14 at 5.5 and 5 and long 6s in Jun15Sep15, and managed to eek out 1/2 tick in some and scratch the rest, but this was done over a period of 4 days which is the furthest thing from day trading. There will be a day soon where some catalyst will push these spreads up, when it will be I dont know, but this situation has happened before. The potential jump up in the spreads will be the perfect opportunity to short.
As I right its still dead as anything, cant imagine much to change that but you never know.
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