Thursday, October 19, 2006
Posted by Macro Man on Thursday, October 19, 2006 with No comments
Well, the jobless claims figure has pushed the US 10yr back towards support and to the levels where our mystery buyer appeared yesterday. Given the listless nature of these markets, it makes sense to book profits at the current level of 106-31 and re-enter on a break- Macro Man puts a stop entry at 106-24 on 100 lots, with an OCO offer at 107-15. If markets want to go nowhere fast, we might as well try and make a little wedge on the churn.