Treasury Trading Update

Governments seem more than willing to placate themselves and their constituents, especially the corrupt ones that feed at the same trough with these inbred swine. Translation – market more than assuming qe will continue and rates will head lower as nations such as China refuse to voluntarily raise the value of their currencies

Right now intraday on 10’s via the 15 minute RSI still reading over bought but prices have not pulled back much at all. Fresh conerns about Irish bank this a.m. sent Bunds and 10’s higher. Seeing some large purchases of OTM call structures in 5’s 10’s and 30’s this a.m. see below.

9/27/2010
straddles:
edv0 9962 5/6        f=9963
edx0 9962 9.5/10.5
edz0 9962 12.5/13                       shorts
edh1 9962 18/18.5    f=9958
edm1 9950 29/30      f=9950            EOV 9925  9.5/10.5
edu1 9937 40/41      f=9940            EOX 9925  15/16
EOZ 9925  19/20
reds                                      EOH 9912  34/35
edz1 9925  50/51      f 9927.5          EOM 9900  49/50
edh2 9912  61/62       f=9912.5         EOU 9875  65/66
edm2 9900  72/73       f=9896.5
edu2 9875  87.5/88.5   f=9881
New Edge	S	20,000	EOM81p vs EDH3 78p	.5 and even EO	N/A
Paper	B	2,000	EDZ0EDH1 9950 p spread	5	N/A
Paper	B	40,000	EOZ95/96 c spread	1	9927.5
New Edge	B	5,000	EDZ287/90c1X2	5.5	N/A
New Edge	S	5,000	EDZ283p	6	N/A
Above executed	ed as a package - sold the call spread @ .5 over
JB Drax	B	2,000	EDZ2 9900c	1.5	N/A
Paper	B	250	EOZ92/93/95 c fly	4	N/A
Paper	S	20,000	EDH198c	.25 (cab)
Paper	B	500	EDZ096/97c1X2	4.75	N/A
10yr. Opts
CSFB	B	6,000	TYZ127/130 c 1X3	0.29	12521 area
Paper	S	500	TYX125.5 strads	1.42 and 1.42	12421 area
Paper	B	500	TYZ128/128.5 c spread	0.07	N/A
Paper	S	1,000	TYZ124c	2.24	^12523
5yr. Opts
CSFB	B	3,000	FVZ121.5c	0.21	12018.7/19
30yr. Opts
Smith B	B	2,000	USX135/137/139 c fly	0.14	13220 area
In the Ultra long paper showd an offer in the 155/160 c spread  @ .21 futs were 14008 no trade cancled