this ZB is acting all fu$cked with the change in the CTD cash contract twitching all over...
CTD= Cheapest to deliver issue
The acceptable Treasury security with the highest implied repo rate; the rate that a seller of a futures contract can earn by buying an issue and then delivering it at...
who cares what happens tomorrow the volume will be light as everyone in NY is getting f$cked up right now!
Go Eli
invertedCurve
"Hotty Toddy"
http://www.youtube.com/watch?v=97FK5GUoFS0
I think that no one really trusts equities right now since the spooz could go down to 1330 fast. People don't want to get caught short fixed income especially if another shoes drops (Ambac/MBIA) If we see some follow through in spooz to the upside richard_m might be able to scratch his...
here's the explanation
1. Bend over
2. Grab your ankles
3. Enjoy the cornholing since you are not paper who can now hide block trades
but as a trader you have to readjust how and what you trade based on mkt conditions a lot of people who quit the yield curve 2-3 years ago are back so we'll...
gracias el surdo
I actually stayed away from El Bondo and sold El Spooooooooooooz.
And nothing like scalpin' Cash another market on crack right now, ISM will get gnarly watch out people!
spooz were moving handles at a time that $hit was nuts, 86 down to 60 in seconds and whipsaw all over the place! The guy next to me was getting hit on bids and putting offers 4 handles higher and getting taken immediately that is some crazy $hit!
YT-
head this warning if the spooz get hit hard in the morning don't take too much heat! Don't be like the OP and let something run too far up your a$$, good luck and maybe non-fun tomorrow morning will help you out!
the mkts go as Ambac and MBIA go. the fundamental cause of the Great Depression was mortgage defaults so keep your ears and eyes open that is the most important mkt mover. hard to have a bias just trade what it gives you. Bought 119.10 covered 119.13 before number sold 119.28 covered 119.24...
1:15pm central
Rueters/ Bloomberg live feed for the instant, other than that CNBC/Bloomberg tv but you will miss the first move but don't worry based on the language it could get crazy CNBC knows better than to tell it instantly it would mess up all of us who pay a lot of $ for live feeds.
I also hope Globex does not crap out this week it shouldn't there were no problems with the NYMEX integration hopefully they keep the implied grains off which messed up the eCBOT last year that was costly to some people.
YT - you should get some relief on that short who knows we'll see in am...