30Y have benefited from rotational flows out of the S/T part of the curve into longer dated, Technically speaking the 30Y has broken out of downward trend and is indicating a strong upside move, with a first target around 3.71/3.75% by next month.
The trend has indeed been very powerful and I admit much faster than I would have expected, clearly the volatile environment has benefited this idea. I would lock some profit here and hope that dust settles on rates market as those type of environment are unhealthy.
ArisopeCapital
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Buy 30Y sell 10Y as a hedge
ArisopeCapital
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I think start taking some profit. Move has been very violent and too quick to be sustainable
From mod @zAngus