Better informed sources pointed out to me yesterday the large selling in the EOZ 9887/9912 c spread was a liquidation – and not a new position of any kind. Open interest this morning confirm that is exactly the case. Sorry to have been misleading. I will always try to get it right. I appreciate when more knowledgeable source lend a hand.
G-7 nations have drawn a line in the sand and are prepared to keep the Yen above 80 to the dollar so that their export driven economy can remain competitive. This in my opinion should not be detrimental to US rates and if anything should be on the bullish side. Will have more next week just a bit tied up today – thank god.
Did not get players list out today- but will try and post some later today or over the weekend.
2 charts below show June 30yr. futures...
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