Thursday, November 23, 2006

Selling more Bunds

Selling another £10/tick of Bund futures at 118.00
That's the Dec '06 Bund future, with the yield on 10y Bonds ~ 3.75%
As I've said before, European economy steadily expanding, so a clear sign to be short bonds...and there is no reason for yields on 10y Bunds to be flat to 2yr Bunds virtually, there are plenty rate hikes still needed by the ECB. 4% first stop, and the £30/tick I now have own should make about £5,000. So easy it's boring!


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