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Who Was Yesterday's Mystery Massive Bond-Curve Player?

• zerohedge.com by Kevin Muir

The 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.


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