Will interest rates continue to go up?
I don’t think the recent blow-off in Treasury bonds is over. I created a bear spread on IEF (7 to 10 year Treasuries), selling-to-open January S90 calls at 3.24 and buying S94 calls at 0.41. The net credit was $2.83 and the worst case loss is $1.17. The spread for this combo order was bid 2.65 and ask 3.05. I tried credit orders …