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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (57213)	3/31/2006 3:35:46 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Good luck UB. One of the players on Minyanville has just started nibbling here, but he thinks there will be some sort of spike blowout in yields higher. This guy Benett Sedacca has had a very hot hand lately calling treasuries. If FNM and those selling mortgages decide that more refis are not coming they may produce that spike event (they sell treasuries to match duration spreads). It is all computer driven and it could happen quick. I am actually hoping for that spike. I got lucky with a treasury call near the last spike in yield and sold it on that decent rally, thank god. Otherwise it would have gone up in smoke. If there is a blowout in yield I am buying calls on the 10 yr, or possibly futures outright. Mish