Getting short the bond market

In the months to come there will be many opportunities to short the bond contract.

One of the best opportunities is provided by US Treasury auctions.

We are now in the middle of a $13 billion long bond auction.

Pay close attention to the way bonds trade for the next week or so.

Paterson advised clients to sell bonds at the 117.16 level with a 16 tick stop.

Traders will close out the position on the next major sign of weakness.

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