The Muppet Slaying Continues: TYM3 Edition
Another day, another muppet-slaying by the true master. Recall Goldman Sachs from April 10:
We recommend going short 10-year US Treasuries via June futures (TYM3) at the current level of 132-20 for an initial price target of 130-00 and stops on a close above 134-00. In yields space, the corresponding move is from the current 1.76% to around 2.10%, and stops on a close around 1.60% - corresponding to the lows from last November.
Fast forward to today where just out from Bloomberg we read...
- TY Poised for Highest Close Since Dec. 11
Sorry muppets, you just got slain. Again.