IPFS News Link • Stock Market
Who Was Yesterday's Mystery Massive Bond-Curve Player?
• zerohedge.com by Kevin MuirThe specifics of the trade were;
buy 100,174 US five-year treasury futures
sell 63,887 US ten-year treasury futures
sell 65,362 German bobl futures (5-year)
buy 29,145 German bund futures (10-year)
I did get a few pings asking if I was busy writing some tickets, but alas, the 'Tourist's positions have a lot less digits. According to Bloomberg, this position has $4.7 million of DV01 risk (dollar-value per basis point). That's way above my pay grade, but it's worth thinking about the rationale behind this whale's trade.