PAIR TRADE: Long BND vs. Short JNK

PAIR TRADE: 10% each side

Long BND @ $79.42

Short JNK @ $102.91

Boom! In 2 trades I've jumped my gross exposure up by 40% without affecting my net. That's how I play a VIX decline into market weakness.

The idea on this trade is that credit spreads will rise as the economy weakens (by design) as the Fed raises rates to quell inflation.