Monday, 25 February 2013

Italian Hung Parlamient in being = short another BTP

I went short another BTP H13 at 112 , a quote where I have been very active in the recent past. The volatility is still very very high . The electoral projection now are giving a real chance that we'll have an Italian hung Parliament and so new elections could be needed and this is bad for the bond market and the Euro , very bad. The first target here is at 110.88 on today's S2 and then 110 ; I will stop this second short with prices at 112.25. If I got no target near the close I could close one short and to hold on a single one, I don't want to risk too much.

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