I spent the weekend listening to a friend tell me that Monday was the time to short bonds. Guar-an-teed, he said.
Non-farm payrolls sent yields to a one-month high of 2.69% and here we are a few days later at 2.55%.
What a bond short might look like
The ‘short bonds’ trade will pummel everyone before it’s done.
The Treasury sells 3-years at the top of the hour. The WI bid is 0.995% but the sale is unlikely to change the story.
