On Notes

"The universe has a way of course-correcting." Desmond Hume

The 10 year note future rolled from March to June this Monday. Last Friday's settle in March was 131-06+. For June it was 130.28+. The market rallied today and above 130.28+ (June) quickly went to 06+. (We are looking for 10 to trade.)

So, is the market "up" or "down" on the week.?? Chartists no longer have a visible reference gap for the roll. Massive positions have extended. Fat fingers have been blamed. And yet....

Had I warned him about the scaffolding, tomorrow he'd be hit by a taxi. Had I warned him about the taxi, he'd fall in the shower and break his neck. The universe, unfortunately, has a way of course-correcting. That man was supposed to die; that was his path. Just as it's your path to go to the island. You don't do it because you choose to, Desmond. You do it because you're supposed to. -- Ms. Hawking

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