Welcome all Short Sterling Traders!!!

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TheBigDog

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I wanted to create a link for all Short Sterling Traders in order to keep everything in one place, rather than it be scattered everywhere.

Can I ask how everyone is finding Full ticks now we have had a few weeks of experience. Certainly better for us Locals :clap:
 
:LOL:

I thought it was quite good fun today...

Full ticks miles better

My current place for best fun M9U9
 
Well of course this is why I drink myself into a stupor every night.

Any one using the new ISV Stellar?
 
prefer the full tick, i think, but it has been quiet this month bar one or two days, only a couple of opportunities to get anything decent done each day.

gilts look to be where it's at
 
Think out loud the gilt seems to be a thirty tick market if anyone wants to put size on... Might be worth looking into making a twenty tick spread :p. I'll investigate tomorrow.
 
So what it sounds like to me is that basically sterling has gone back to being the piece of **** easy market it was in days gone by........apparently
 
With rates at 0 forever now, basically, I just don't see the point of playing with these things. It's all about FRA/SONIA and that is all about a bunch of nasty manipulators playing with the fixin's. FWIW, I think there's still some outright value in some reds and greens, but that's about it.
 
This ain't working out, guys... Today was the third reverse auction where the BoE has paid either at or below mkt. I am feeling distinctly bearish gilt here.

And, this is beyond funny, somebody fat-fingered the offer to the BOE and sold them 13MM of 8T 17s at 220bps/30pts too cheap! I'll betcha that Merv will let the trades stand :)!

And the conclusion to the saga, the trade did get scratched and the guy was let off... That's Merv for ya, a proper gent, through and through...
 
Last edited:
TheBigDog said:
Anyone in M9/U9???
Click to expand...

Yeah I dropped a few grand despite selling a few hundred at 8 earlier in the day, which I scratched due to worries that the **** buying it knew something about the minutes :LOL:

Should be easy to trade now mind you, back to its previous range :clap:
 
Martinghoul said:
With rates at 0 forever now, basically, I just don't see the point of playing with these things. It's all about FRA/SONIA and that is all about a bunch of nasty manipulators playing with the fixin's. FWIW, I think there's still some outright value in some reds and greens, but that's about it.
Click to expand...

I would argue that so long as the volume keeps up (and that is a big so) then we have some beautifully-mean-reverting-****-easy-to-trade-instruments, which is surely a good thing from the pov of a local... not exciting, not clever, but it keeps the money coming in ;)
 
arabianights said:
I would argue that so long as the volume keeps up (and that is a big so) then we have some beautifully-mean-reverting-****-easy-to-trade-instruments, which is surely a good thing from the pov of a local... not exciting, not clever, but it keeps the money coming in ;)
Click to expand...
Cap'n, I wanna be a local like you... Can you set me up? Otherwise, pls feel free to redirect some of that money that's coming in to a bank account, the details of which I will happily provide :)!
 
Been a while since I ventured down this end of the curve, but...

a) I have a pocket money GEM9M0 long on trading the reversion; I am looking to reverse the possy around 0.4000 (maybe a bit ambitious, so watch out! :D)

b) OK, nowt to do w. Sterling, but surely the trade to make here is LIBOR vs EURIBOR (??!!)

thoughts?
 
Euro Libor V Euribor?

Take a look at the tiny spread on that, how relatively volatile it is in % terms, and then stop thinking when drunk :p
 
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