Trading Recommendations For the Trading day of Monday, April 27, 2008

By Marc Nemenoff
27 April 2009 @ 10:17 am EDT

Financials: Bonds are currently 23 higher at 124'30, the 10 Yr. Notes 19 higher, the 5 Yr. Notes 10 higher and the 2 Yr. Notes about 4 higher at 108'21.7. The December Eurodollars are 7 higher at 98.745. We remain short the 2 Yr. Notes and/or the 5 Yr. Notes. We are now also short the Dec. Eurodollars above the 98.710 level and will cover this position if the market trades below the 98.620 level. This morning the markets are experiencing a bit of a flight to quality (treasuries) as the equity markets are sharply lower due to number of occurrences such as the possibility of a pandemic of Swine Flu and the awaited results of the “stress tests” for TARP recipients.

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