The flattening of the yield curve continues to be a major theme. How are you expressing this view in Treasury futures? Are 2s/10s spreads still offering good risk/reward, or are you looking further out the curve?
2s/10s has been the go-to for a while, but the risk/reward definitely feels less attractive now that it's so compressed. I'm starting to look at 5s/30s for more juice, even if liquidity is thinner.
Anyone considering 10s/30s? The long end seems to have more room to move if the fed keeps hiking. It's a slower grind, but potentially less volatile than the front end.
I'm still seeing opportunities in 2s/10s, especially on bounces. It's more about timing your entries than a continuous push lower. Just gotta be nimble.