Treasury Trading Update.

From today's accutic plus report:

To sum up in a nut shell - it seems the effects of the LTRO done by the ECB back in Dec. is the main thing for bulls in terms of the Euro currency and European Sovereign debt - to cling too. However ...

Treasury option straddles were pretty firm albeit from low levels at today’s open compared to last week. The move down in prices seemed to coincide with the uptick. However around 9:40 a.m.c.s.t. (note chart right)

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http://financialfutures.typepad.com/accutic_plus/

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Thanks,