I don't quite understand the tape here:
Looking purely at price and volume over indices:
1) ES draft down to close, up volume lagging down volume 16 to 1 in the last 5 minutes.
2) ER2 drift down to close, up volume lagging down volume 5 to 1 in the last 5 minutes.
The 10yr yield has slowly been drifting up (boiling those 10yr Long Frogs at a slow pace), yet traders are more fearful of holding ES overnight than holding ER2? I can't get my head around this one.
The close: Who will step up and hold overnight?
Started by
jjc
, May 22 2007 03:35 PM
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