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Technical level for myself would be the 110 handle for the long bond futs, we break down from that and we could see a faster move lower...

Avg daily volume in Sept was 24,130 cars per day for the ten year, nominal value is 100K... Obviously you're looking at a MUCH smaller market for these things... Definitely could do some damage if a big US player came in like Pimco... Ya, I've heard that you can easily spread it, both trade...

Had a similar situation with teh BOC telling dealers up here that the activity's been a little iffy... Basically it's a lot easier to do a "Dr. Evil" trade with Canadian notes, they are a lot less liquid especially ever since the fed gov started running surpluses, it's made things more...

A relatively small gap (in comparison to some of the others the past couple years), but ya, it sits glaring at ya, would be an easy fill if it happened this week...

The best anchors/hosts like Katie Couric and Barbara Walters make 10 million a year or so, but granted they have something about them, personality, looks... The average TV personality will definitely make six figs, and possibly break the 1 million a year barrier, but I think that's mostly to...

Ya the details are a little more complicated of course... Buying begets more buying in a convexity play...

Are usually mortgage companies trying to hedge their exposure to their portfolios by buying bonds that have higher convexity. If you don't know what duration or convexity is, at least the basics, I would highly recommend learning them before trading any securities in the FI space. Mortgages have...

I knew the mortgage guys would eventually come in... Thanks for the update...

Personally I am of the feeling that we will the latter. The problem is we are STILL above the Fed's tolerence for targeted inflation, even with the slide the past couple months. I still think the fed is leaning hawkish, and as long as there is no serious indication the economy is about to fall...

Alright admit it, who's being caught short here?

What's the time frame for such a large move mcurto? prem is being sucked dry outta the market right now, so like you said, the fed seems to be in control for now. Inflation? What inflation? Ya, would have to be some serious macro stuff to cause a stir, right now the guys selling Vol have it right.

A collctive groan on the floor at 8:30 this morning... what the hell? in-line? Since when have the economists been right...

Last time I remem he shook up the market for a couple days but within a couple months they were back below where they started...

Thanks... always love hearing (indirectly unfortunately) what the orignal poster currently feels about things...

LOL...

I love Lang and O'Leary... in fact, they should ditch that stupid name "Squeeze Play" and just call it by their sur-names, coz without them it'd be such a dry show... I especially love it when O'Leary says: "it just goes to show you that analysts know NOTHING," and "I'll buy when grown...

Wage inflation makes up a huge chunk of the CPI number, and for good reason... You're in trouble when you're able to start negotiating higher raises... speaking of which, I need to sit down with the boss and talk compensation soon...

Couldn't agree more that the market reaction is all that matters... but a print of 0.4 would almost certainly be devestating for the market, as mcurto seems to hint... The risk reward here slanted bearish, with a consensus 0.2 fully priced in, and little chance of a suprise downward. On the...

Any guesses at what the CPI will be? Time to get twitchy with the execution buttons...

Do you try to take advantage of new-issuance hedging often?