UST Trade Write Up (adding)

I’ve been watching the Treasury market grind sideways for weeks, stuck between the reality of stable growth and the promise of future cuts. The 10-year note (ZN) has been quietly rebuilding a base, and the mix of moderating inflation, firm reals, and softening growth breadth is setting up something interesting.

This isn’t about chasing the move, it’s about recognizing when short-term pessimism and long-term support start to overlap. I’m looking to position t catch the next duration-led push higher as equities lose their dominance and volatility starts to rebuild.

We are adding to this…. as this is currently prrrriiinttting….