Tuesday, February 21, 2006

Finally shorted 30 year US Treasuries...Q1 GDP is going to be a bl owout...

Sold 30 year US Treasury Marcch future at 112.88 in £5 per cent after reading a Bloomberg article saying how Q1 US GDP is going to be huge when it comes in, possibly 6%+. This will give the FED room to keep hiking rates, and at some point the long-end will wake up to the fact it should not be through base rates in an expanding economy. First stop 5%! For reference, new 30y Treasury is around 4.52% today.

3 Comments:

Anonymous Anonymous said...

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17 May, 2006 07:29  
Anonymous Anonymous said...

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17 May, 2006 12:28  
Anonymous Anonymous said...

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17 May, 2006 12:48  

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