The Treasury position has been a wild ride lately. I thought the bond market would be smart enough to avoid the swings of the equity markets. However, yields went up dramatically along with stocks. If I am assuming a negative correlation between stock and Treasury prices, then Treasuries would fall.
Close Treasury positions at 3.68%. No gain, no loss. Derisking seems to be the best option. Still bullish on this asset class in the long term.
Equities:
+ PBR 5
Commodities:
+ silver 20
- copper 25
Fixed income:
+ German government bond 10 year 100 (hedged)
Currencies:
- EUR/SEK 30
- EUR/USD 30
- GBP/USD 60
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