[groanup]

You don’t trade bond futures do you? Just agriculturals. You’re a farmer/hedger IOW.

[SAJ]

I do indeed trade bond futures. At the moment, I’m long a considerable amount of June ‘08 30-years, short an equal amount of June ‘08 10-years. We’re up about 17 ticks at the moment, but I rather fancy there’s 30-odd ticks to be made, so we’re sitting still for the time being.