Bill Baruch's 10-Year Treasury Notes Trade
On CNBC's "Futures Outlook," Bill Baruch of Blue Line Futures said he is bearish on Treasury prices and bullish on the yield. He expects the yield to reach 1.25%.
After the election, the government is going to get the fiscal policy done, print more debt and increase infrastructure spending and that is going to put more pressure on the 10-Year Treasury prices, believes Baruch.
To make a bearish bet, Baruch wants to sell the December 10-Year Treasury futures contract at 138.16, with a target price of 134.16 and a stop loss at 139.16.
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