With today's action in the Treasury bond market pits, where the March 30-Year Treasury futures are now under 120, anyone who is short might want to consider covering at least a portion of their position.
There is still no compelling reason to buy long-term Treasury bonds at these levels, but it's possible we'll see a bounce back into the low 120's that could be shorted before bonds resume their course to lower levels.
No comments:
Post a Comment