Monday, December 9, 2013

Continuing Short 10 Year bond

Raising bond shorts: Benchmark U.S. 10-Year Treasury rates hovered near three-month highs on Wednesday after a stronger-than-expected ADP jobs report.

Dennis Gartman of The Gartman Letter had been recommending the short bond trade since October.  "I'm looking to get shorter, I think you could take the 10-year sometime next year well above 4 percent."