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When rates go down, bond holders are happy but not necessarily all of them. In the case of mortgage bond holders, decreasing intermediate/long-term rates also means more people refinancing their home; and when they refinance, old bonds are "called" to be replaced by new ones, and that happens...

Nice job, really. Your target just got hit and I don't know if there's anybody else in the world who rode this thing from 115+ to 110'08!

I have nothing against homosexuality but you make a really good point here. So far the only movies I've seen about deep friendship between men are foreign films, and the Italians back in the 70's were the best in that domain with movies combining humour and nostagia such as <i>Amici miei</i>...

A dedicated forum would be a better idea.

The Fed fights inflation AND inflationary expectations. There seems to be a very good buying opportunity in the making. You'll see what I mean very soon, before the middle of March.

Very nice setup taking shape.

It would be worth a new thread I think.

Do you use general models that take into account intermarket relations or do you use separate independant models that are each specific to one market?

Cool.

In volente's case, I think the man deserves a little bit more credit. From what I can remember, he called the 1/20 and 2/28 intermediary bottoms immediately after they had formed (the very next day). That's probably why he became the poster boy for the bulls since late January. I've read only a...

Actually, if you're a Quant, the stock market IS more difficult.

Thanks.

Make sure you keep an eye on when comments from the Fed are scheduled to be issued (none this week at my knowledge) because if 30 yrs or 10 yrs drop 2 ticks this week and then they say they're confident inflation is not a problem for the time being, bonds will bounce back and rally on a strong...

Gold is going up (and oil is about to follow); the stock market has been going higher on strong economic data; so we might have some inflationary concerns building up.

The book has all kinds of details such as the information discussed during their 2003 secular forum; the logic behind the way different types of news are processed; the people at PIMCO; the proportion of short treasuries, long treasuries, high-quality corporates, junk bunds, developed world...

When reading comments from PIMCO, we need to distinguish comments that are part of their <b>secular</b> analysis from those that are part of their <b>cyclical</b> analysis. My favorite commentator is Chris Dialynas. I just finished reading <i>The Bond King</i>, about Bill Gross. It was...

I think they are estimated with the slope of the OI curves for the front-end month and the next month. A simple extrapolation of the OI curves for <a...

I agree with that but also because democrats will prefer to elect a candidate without a clear position on main issues. Like Bill Maher said, maybe Dean was a loose canon but at least he had one.

I voted against him in 2000 but I would vote for him this time.

Excellent. Please post more often contango.