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Capital Flows is the space where I share all my Top-Down/Bottom-up macroeconomic research and show how I am tangibly implementing it in financial markets.

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Trades: Long Bonds

Opening Long 10 Year Position

Capital Flows

May 23, 2023

Hello Everyone,

We are currently at 113’14’5 in the 10-year note futures. The 10-year yield is at 3.723%. I am opening a long bond trade here:

Here is how I view the risk-reward:

If anything changes or I take the position off, I will let you know. Remember, risk management and position sizing are more important than getting a call right!

None of this is investment advice in any way! I will do another article soon explaining more of the logic behind this.

Go back and read the macro report here for more background as well:

Macro Report/Insights: MACRO REPORT

Capital Flows

May 22

Hey everyone, I hope your weekend went well. As promised, here is the macro report that I wrote: https://bit.ly/45kK5SG For those of you who are new, here is the tweet thread with all the educational articles I wrote and a list of books I have found helpful in understanding markets:

Read full story

Thanks for reading!

6 Comments

Lago Brian

May 24Liked by Capital Flows

I think your thesis is correct but I'm worried about the timing. It seems to me that 10-years are getting bids because of their safe haven status in the midst of the debt-deal stall (which markets expect to be resolved this week) and a weakening global economy, but there could be sell off next week if a deal isn't penned by Friday.

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1 reply by Capital Flows

Wanzie Panzie

May 23Liked by Capital Flows

hi why the 10s instead of longer tenors?

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