Less Than A Disaster: Part Two

Today's treasury auction came in worse than expected. While it would have been better to see a stronger auction there is now little for the treasury market to fret over. After going straight down for months, I believe we should at least see a bounce attempt from multi-year support. I remain long TLT.

8 comments:

Anonymous said...

i don't understand the trade because i thought you believe that we're about to experience inflation? what's your thought process?
thanks

Tsachy Mishal said...

Its a short term trade. Even if yields are heading higher there will be bounces.

Anonymous said...

sounds like all ur trades are short term fades against trends or meat. Am i wrong?

Tsachy Mishal said...

Not for the most part, although I do counter trend trades.

Anonymous said...

I would agree totally with your perception Anon.

I have been viewing this blog for sometime.
Tsachy, seems to enjoy picking up pennies, rather than going for the more obvious longer trades. I have no idea why.

He's been trumpeting about inflation and higher rates for a long time. If he had been in TBT 12% YTD or TMV 18% ytd but he would rather try to time a quick 1-2% trade in tmf. Makes no cents!

Anonymous said...

the first anonymous (me) is a different person than the second... i'm not being critical, just asking a question because i'm genuinely curious

Chaos! said...

Second anonymous-if you take issue with Tsachy's approach to the markets then move on.
He's got an enthusiastic following. If that does not include you, I'd encourage you to seek blogs more to your style.
There are many ways to take money out of the markets. That's what makes it so interesting.

nicasurfer said...

Tsachy have you looked at BSX lately?