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Rennick out? ::shrug:: apologies for the typos;

Baron, Should moderators be allowed to close the threads that they have started for no particular reason other than they "don't think there are going to be better responses"? None moderator members are never afforded such luxury. Obviously, abusive threads, threads that are ads, etc...

There is nothing wrong at all for someone who's used to dealing with very liquid markets to ask about trading tactics around very illiquid markets. There is, however, something vaguely ethically fishy when a moderator start a thread with controversial statements with the explicit intent to...

What you saw was pretty standard for illiquid markets. The bid/ask is wide because the MM has to buy/sell at those levels. If you narrow the market by putting an offer in the middle, you may get lifted, your level clears, and the market returns to the original bid/offer. Think about it this...

Hey Suryananda, I would actually like to hear how you think about this?

Don't necessarily agree with that. What makes you think we'll be in those kind of periods? I'm not being facetious - seriously asking.

Agreed. Absolutely agreed. I was pointing out the idiocy of the fella who dreamt of a pure time before the England managed its economy. There's little debate that govt often screw up economic management and resulted in millions of death (makes a 9-10% unemployment look pretty painless, doesn't it).

Oh be quiet. I consider myself rather libertarian (without taking to the radical and unattainable extremes) but your statement is just pure ignorance (of history and economics). England, in its entire history from petty kingdoms to world empire, has never had a second where the government didn't...

Trying to understand your thinking here. Why is this the case? Why do our subconscious mind know the future? I can at least understand the motivation for believing in astrology, but why is this the case?

Where do you see that happening? Short term rates remain at historical low. Isn't interest rate increase to reduce inflation usually a task for an overheating economy?

I don't mean to be dense - but still not sure which "issue" you are alluding to that no one is paying attention to?

Um.... if you are talking about controlling private pension through public sector actions, then it's fiscal policy. Otherwise, it's just private pension allocation activities. In the second case, most private pensions are 401(k) type, which means there's no much control you can assert other than...

Maybe we are just arguing over semantics, but in bond world opportunity cost is not really different. It's essentially the reason why you have price changes. Coupon reinvestment may ease the pain a little - but if you'll only get to reinvest at a much higher coupon when you are already taking...

HE'S A WITCH - BURN HIM!!!!!!

You are probably right; I didn't bother computing convexity - just a simple DV01 loading. Anyway, I don't agree with "bonds do not lose any value if kept to maturity". You mean that it doesn't lose any future-value. It could incur a real and quantifiable opportunity cost.

For what it's worth, pension control is a form of fiscal policy. Controlling the velocity of money is a basic form of monetary policy. I'm not sure why why you think there are not? In general, anything that works via legislation and (+/-) through the govt branch is a type of fiscal policy...

Hang on, you "invent new methods"? Of course there's a lot to it; But those are the two major branches of the taxonomy of methods of "controlling aggregate demand". Then, monetary policy sub divides into interest rate targeting, inflation targeting, communication channel, portfolio channel...

Sigh... why don't you just use the same terminology as the rest of the world: fiscal policy and monetary policy.

Oh boy - wait until someone explain to you the concept of "Duration". You are going to have a heart attack. If long term interest rate (say, the US 30Y yield) rises by 1%, your fixed coupon 2038 bond will loss approximately 16%. Have fun with that. Please get out of fixed income. You are...

Thomson's new product..... what a misery product. I took a trial from them (I trade a decent amt of rates related stuff on bloomberg) and found it entirely unsatisfactory. I stopped logging on after about a day. It's worth noting that if all you have is a bloomberg terminal but no...