BUY a 5% weighting each in TBT @ 58.10 & 57.05.
Futures Traders….
SELL 2 (Z) 30 Yr Bonds @ 138.14
SELL 2 (Z) 30 Yr Bonds @ 139.09
SELL 4 Euro @ 131.20
These trades are way off the market for a Scottish yes vote or a yes exit poll
.
Getting filed at these levels would require a massive puke of existing positions and provide manageable entry points
for the resumption of trend
.
In the meantime the Banks are preforming well . It is the low volatility sleep tight trade.
FYI…The banks will more than likely follow the Bonds. If the Bonds were to rally on uncertainty the banks should see some profit taking.