@maxboonen 5s30s or the cowboy 2s30s steepener is your trade. Not a lot baked into the front end so if you think we dip into recession thatโll outperform whole 30s will lag with inflation pressures.
@maxboonen@DeribitExchange Only problem I see is if market structure has changed with all these large HFs playing in CME basis. Which means we might not get this blow up and you could be stuck in a negative carrying trade waiting for godot