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Scott Nations' 10-Year Treasuries Short Trade

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Scott Nations' 10-Year Treasuries Short Trade

On CNBC's "Futures Outlook," Scott Nations of Nations Indexes said we're going to make another run at 1% yield because right now the market is in the risk-on mode due to immunizations. This is great for yields, but horrible for bond prices so he wants to take a short position in bond futures.

Nations wants to sell the March 10-Year T-Note futures contract at 138'08. His target price is 137'08 and he placed a stop loss at $138'24. He is hoping to make $1,000 with the trade and if he is not right on this trade, he is going to cut his losses when they reach $500.

 

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Posted-In: CNBC Futures OutlookBonds Short Ideas Futures Markets Media Trading Ideas