Treasury Trading Update.

From today's accutic plus blog.

Apparently no one told S&P that Eurobonds are just around the corner. Had they made this explicitly clear chances are the down grades – which exacerbate an already dangerous environment – close to FUBAR – very likely could have been avoided.

After a fair amount of profit taking Friday (after the well advertized downgrades became fact) in Mar. 15 and June 15 call structures – today looks like some getting into some put type structures – see players list below.

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