Recent content by dfuller33

Morning Recap: We heard big flows once again y'day, with much better buying of US bonds on weakness, good mortgage selling of 5s and 10s, and good late day real money buying of 5s 10s and bonds. The big steepening of 5s / 10s played havoc with 10 year note futures longs, as nervousness about a...

Good Morning--- US Economic data came as expected, and stocks slid after an early good start, but the long end of USTs got obliterated amid a total mortgagewipe out and fears of switches in futures deliverables. The front end liked what it heard from BB, but the long end did not like the perhaps...

RM= real money (pensions/lifers' etc) FM= fast money (prop/locals) RV= relative value players

USTs sell of on HAWKISH MEDLEY on the Fed.

Morning Recap: US equity markets performed quite well on the heels of a strong retail sales indicator- but the front end of the US yield curve rallied on continued concerns about the roll-over of auction rate preferreds. In Tokyo, we resumed trading to the upside led by 10yr cash buying from...

Bunds: GOOD domestic and Asian RM buying of Bunds around 116.00/10 (buyers' of 10yr and 15yr EUR cash) with TALK or more to come below 116 handle. DB quote: iTraxx Xover tightens a touch to 524/526 vs 528 open and vs 543 y'day- the Main index 96 3/4/97 1/2. The Crossover and the Main index...

Good Morning---- USTs found support again y'day from worries in the muni funding mkt with continued concerns about rolling over auction rate preferreds. This gave a bid to the front end. In US TIPS, while we thought a soft retail sales number would bring about selling in TIPS, as it turned out...

Legg Mason Says No Money-Market Funds Have Fallen Below $1 NAV 2008-02-13 11:53 (New York) By Sree Vidya Bhaktavatsalam Feb. 13 (Bloomberg) -- Legg Mason Inc., denying market speculation, said none of its money-market funds fell to less than $1 in net asset value. ``None of...