Treasury Trading Update.

From today's accutic plus report:

Chart right shows pretty good down tick during London hours. There was a WSJ story saying further QE could be put on hold and that may have emboldened trades to speculate for a run of 20 or more basis points higher in 10yr. note yields.

I noted yesterday on the yield chart that some of the put structures targeting a move to around 2.38% and we see a bit more of that today. The 129 puts that were bought for size this morning equate to a yield of around 2.20% -

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