Yield Curve

Over the past week I began trading in a "hypothetical" commodity account. In this account I initiated a NOB (notes over bonds) spread. I went long the December T-Note futures (TY6Z) and short the December T-Bond futures (US6Z). This spread implies that interest rates will rise and the yield curve will become more "normal." I am also long March Wheat call options and the December Wheat futures. This should be a nice practice account to see how futures markets work.