The ten year notes topped out yesterday at 126'11.5 and overnight at 126'11, so we squeaked through with our short position from 126'02. The market just made lows of 125'27.5 after the release of November trade data which was better than expected. We want to move the stop down to break even on further weakness.
SP's have had a choppy overnight session and are coming off recent lows after the trade data.
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