The markets have been deadly dull so it’s hard to find abnormalities between markets. The only thing that’s come up in the last few days is this:
JGB’s became expensive while both their anchors stayed in solid bullish trends. US 5’s also have positive anchor trends but they lagged the most recent mini rally:
Compared to JGB’s 5’s looked a little cheap too:
This trade was covered at the JGB open – not a great profit but it’s tough out there.
