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The underlying for OAT futures is a basket of bonds of 10y (or thereabouts) maturity. Generally, you can find the exact list of deliverable bonds for all Eurex bond futures here: http://www.eurexchange.com/exchange-en/market-data/clearing-data/deliverable-bonds-and-conversion-factors/48418/

You're behind the times, my friend... 40 yards of mtges is GS summer intern risk. Jr traders get a bit more room.

It was the sound of a helicopter engine revving...

As far as I can see, using Fannie 3s, for example, it's smth like $22mio/bp (I could be wrong, though)... A wee chunk of change, that. Actually, using the current 30y Fannie 3.5s, $40bn is only arnd $3mio/bp... Still chunky.

Sounds pretty good, although you never ever know with these things and how they develop... Regardless, best of luck and only one question remains... When are you hiring T6A to be your analyst :)?

So no delay on the ESM decision, which means that the headlines should hit tomorrow, 12th of Sep, at 4AM EST. In the meantime, good luck and I leave you all with this heart-warming image:

Isn't it just the traditional formula for the calculation of portfolio variance? I mean this: You should be able to find it here: http://en.wikipedia.org/wiki/Modern_portfolio_theory

20% is a very good cut these days, no matter how you slice it... Nicely done!

Awwww, you'll be a celebrity! Sweetness! Would love to read it...

Very good guy, this David Stockman... Makes some very interesting points.

As far as adults go, I don't really give a rat's ass who's encouraging whom to do what, as long as the other person is able to say no. Like if I see a hot girl at a bar, I think it's perfectly reasonable for me to "encourage" her to have sex with me, 'cause she's perfectly capable of telling me...

Sure thing, I am basing this on personal experience primarily... Are you saying, out of curiosity, that people with a US 7 & 63 are most likely to have something to do with retail? My assumption was that, like many people here, the OP is looking at a prop firm type of gig here in the UK. At...

Erm, using Google, you might discover that this applies to employees who "carry out certain activities for retail clients" (such as advising on packaged products, etc). Given that this is a trading forum, it's unlikely that the OP is looking to get involved in this. For approved persons who...

For FSA purposes, the Series 7 etc are irrelevant, AFAIK. But then again, waters are much murkier since MiFID and it would surely depend on the firm.

Erm, not that I have a view on bibles in schools, but the difference between schools and prisons (in spite of them both being government run) is obvious. One houses children, the other one adults. The rest follows logically... It's precisely as ironic as society having a different attitude...

Well, Draghi has certainly helped things get going in the market. There was a pretty impressive deluge of corporate bond issuance in EUR today, which could be a sign of or a precursor to genuine economic activity.

I am afraid I don't play those games, especially with EURUSD...

If the verdict is negative, the impact on EURUSD will certainly be very serious indeed...

Huh? The first bond-buying programme, the SMP, was introduced by Trichet in August 2011. So this Trichet vs Draghi idea is rather misguided.

Anything is possible and I wasn't commenting on his forecast of what actually happens in the market. I am only talking about his choice of analogy, which, IMHO, is totally misleading.