Short 10yr US T-bond futures (from 5-Feb to 9-Feb)

Real time AmpGFX – Bought to close 10-year bond futures short (Fri 2/9/2018 10:29 AM MT)

I bought a half unit of TYH8 at 121-09 to close short position

Seeing risk of weak equity market causing a more significant retracement of the rise in US yields.

Locking in gains.

Positions

Long one unit AUD/NZD at 1.0797; s/l  1.0733; t/p 1.0988

Long half unit COINXBE at 345.00

Short half unit EUR at 1.2335

Short half unit NZD at 0.7249

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Real-Time AmpGFX – Sold 10 year US Treasury futures (Mon 2/5/2018 3:22 PM MT)

Sold half unit TYH8  at 121.29+

Comment

US yields have dropped sharply from the high today after the large price correction in US equities (S&P500 down over 5% in futures trading).

Rising bond yields reflect stronger economic growth and rising inflation expectations.  The recent surge in yields has triggered a correction in equities.

I am looking for the trend higher in yields to continue, tending to cap equities, but not drive them lower.  As such,  I am attempting to view the drop in yields as a buying opportunity within a rising trend.

The rise in yields is more fundamentally sound, and the equity market probably reflects a correction from an overbought position.

The yield level of this purchase is around 2.67%, down from the recent high of near 2.85%,  my s/l is a bit below 2.60%.  The upside for yields ultimately may depend on if/how inflation pressure unfolds.  So I will leave the target open at this stage.

This re-establishes the short position that was closed out on stop (in profit) earlier today.

Positions

Short  half EUR/USD at 1.2490; s/l 1.2463 (lowered from 1.1533); t/p 1.2128

Short half unit NZD/USD at 0.7302; s/l 7388; t/p 0.7178 (lowered t/p from 0.7208)

Long one unit AUD/NZD at 1.0867; s/l  1.0763; t/p 1.1283

Short half unit TYH8 at 121-29+; s/l 122-22+ (yield around 2.59%)