Friday, 1 February 2008

Taking profits on my Treasuries

Just sold my 10y Treasury futures position at 117.33, for exactly a 1 point gain and $2,500 profit. I'd bought it 2 days ago with the 10y around 3.69%, today it is in to 3.56% following the weak payrolls number. Whilst I still think we could have a lot lower to go on treasury yields, it won't be in a straight line, so I'll try and capture some volatility in it. Plus I'm just a sucker who can't resist booking profits (I'd call it one of my weaknesses...hey there's worse things to be bad at!).

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