06 July 2009

Bunds UST spread : Watch +26 Next

Currently at +23. This time round (no unlegging!), I am in at average of +12 now, size 2% EAR. On the weekly chart, there is a previous high at +26. If we do manage to close this week above that, I will increase position to 3% EAR. Remeber on the monthly chart, the double bottom objective is miles away at +89. Yum yum ...

The component yield charts are below. To my naked eyes, it is "obvious" that Bunds are more bullish than UST (price-wise).

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