Matthew Bradbard submits:

Crude oil had a nice week as prices have made their way back over ; clients are positioned long March via call spreads. We expect more upside next week and on another /3 we should reach our objective. We have no exposure with clients in natural gas but remain convinced prices will be back over very soon.

Currencies were uneventful, we may start looking at longs in the commodity currencies next week. We remain convinced that we’ve survived the worst in the NOB spreads and would expect 30-yr bonds to gain on 10-yr notes in the coming weeks. We do not have any exposure on one-directional trades and prefer the spread for now.

Complete Story »