美國政府債券10年期收益
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Reloading US 2y/10y flattener position

156
The US bond curve has retraced to an optimal sell zone of 111-115 bps.

We have an obvious bearish signal in the cloud ahead.

Next leg down may reach 90 bps, and later possible to 71-79 ultimate target range.

For those who really put this on: Fixed Income Hedge Ratio for $ZN and $ZT contracts spread is 1:2. So you need to buy 1 ZN and sell 2 ZT against it to enter a risk adjusted flattener position, where you are long in 10y and short the 2y.

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