Trading Recommendations For Tuesday

By Marc Nemenoff
08 September 2009 @ 10:36 am EDT

Financials: Dec. Bonds are currently 11 lower at 118'23, the 10 Yr. Notes 1 lower at 117'00, the 5 Yr. Notes 1 higher at 115'17 and the 2 Yr. Notes 1 higher at 108'11. We continue to hold the combination of short the Dec. Bonds and short the Dec. Bonds 116'00 puts. Over night pressure on the dollar has put pressure on the long side of the yield curve as can be observed by the lower Bond market and higher prices for the shorter end of the curve (5 Yr. and 2 Yr.).

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