US 10yr - short - breakout and rising yields
The US 10yr govt bond futures have been in a tight range for around 6 weeks but have now broken out of the wedge. Now that the FED is tapering it's purchases and with the increased supply of bonds in the next few month the futures are looking very heavy (ie lower prices and higher yields). I expect this move to continue and will look to sell the US 10yr futures on rallies.
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