My personal portfolio:
Comment of the Day

November 02 2010

Commentary by David Fuller

My personal portfolio:

Short T-Bond trade reduced

David Fuller's view Yesterday, evening, having seen US 30-year T-Bonds rally a full point before moving lower on the day, I placed a tight breakeven stop on my second and lower short position. It was triggered this morning resulting in a purchase of December T-Bonds at the unusual price of 130.910625 against my short sale at 130.93 on 29th October. I am likely to reopen this second position quiet soon, as I maintain that the bull market in long-dated government bond prices is topping out. The ending of a bull market is the beginning of the next bear market.

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