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Short 10-yr US T-bond futures (19-Feb to 26-Feb)

Stopped-out 26-Feb

Real-time AmpGFX – Sold 10 yr US T-bond futures

Sold half unit TYH8 at 120-11

Comment

Bond yields appear to be establishing a rising trend, and stocks are so far proving resilient.  I lost this position on stop on Friday, and wanted to get it back on ahead of the auctions on Tuesday. Recent auctions have not performed as well as expected.  The higher yield should attract more demand, but there is likely to be increasing concern over late-cycle fiscal expansion and the inflation pressures developing.

Positions

Long half unit COINXBE at 353.0

Short half unit TYH8 at 120-11; s/l 120-26+



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Greg Gibbs,
Founder, Analyst and PM
Amplifying Global FX Capital Pty Ltd