Search results

I don't have order flow or inside information either; I'd go to jail if I trade on that information (and worse than that, throw away my entire career). Bond management is done using durations, which is anything but a theoretical concept (average maturity is a very poor measure of interest rate...

If he's analyzing intra-day, I can agree with your perspective from that point. Duration isn't going to change in a practically significant way unless there's a big rates change. But the rate change needed to shift duration in an appreciable way for a retail guy is probably not all very likely.

Okay then... I suppose this is my cue to exit this conversation. Do yourself a favor - don't ever move past treasuries and trade things like corporate bonds and munis, which are quoted and traded on spreads. Go tell a real bond trader that duration is not something he should care about and he'll...

Oh, and by the way - what does this expression mean? I have to admit I have never heard of this one.

Convexity doesn't matter from a retail perspective so far as PnL is concerned. That much I agree with you. However, this guy wants to do technical analysis on bond prices. My point is that without accounting for duration and the convexity effect on that duration, indicators will be...

I meant it in the sense that duration changes over time and for the size of the underlying rate move. So while it is true that 30y has a duration > 10y, it's also true that for the same underlying yield change, a 10y future will not have the same change in price over time. If you are only doing...

How is duration irrelevant to trading futures from a technical perspective? If you ignore the effect of duration, your whole chart or indicator is going to be show a systematic bias. And no, I don't have a doctor in my family (plenty of lawyers and other scums). I'm just amused by your own...

All this talk of bond risk not no one has even mentioned duration and yield volatility? I think you ought to go back to talking about doctors - this is out of your league

Which part of 100% capital reserve do you not understand? They can't any balance sheet leverage at all - period. It used to be done via securitization, but that's no happening as easily these days. Second - risk based student loan pricing? great idea - except there are laws against doing...

"how are student loans so risky- you can't escape them in bankruptcy- makes me think there is low risk there" - because you can simply not pay them. So you can't pay - the bank can't take your house or collateral or even garnish wage below basic. So you may die with the debt, the bank won't get...

Yes, you are a dumb_mother indeed. "you can use at least 8*1 leverage as a bank". No you can't. Not for student loans, which are risky; The securitization pipeline is down so they can't shift the risk off the books. "no borrow risk because it is linked to libor" - no. LIBOR based means...

For equity, it's extremely easy. Your point is exactly right. I was addressing moo, who was clearly (and boorishly) talking about a concept he didn't understand.

Oh boy; there's a legal difference between a naturalized citizen and a natural born citizen. The former and be stripped, the latter cannot except through a private act of congress. That is, congress cannot make a law that strips citizenships of natural born citizens as punishment. Your link...

You still don't understand - revoking a person's citizenship requires an unique private act of congress; you can't make a law that makes the punishment (effectively) exile. Quit talking out of your ass.

No go, big guy - revoking citizenship requires an act of congress;

Do you live in some alternate reality? Federal law requires every employer verify its employee's eligibility for work. That's why they as you to show your social securities card. The ones for [legal] aliens who aren't authorized to work (spouses of H1s, for example) will be a stamp on their...

Were you hoping to add some value with this statement? Illegals are supposed to pay tax. They don't. In what way does "tax illegals." offer any solution?

I'm sure you are very good at music. But the Wharton equivalent of jazz isn't Wharton; No one on the street gives a shit that you went to the Wharton of jazz school. And from the perspective of someone who's in the industry you want to be a part of and who has hired enough jr traders and...

Unless there's a MBA "reset", no dice. Even engineers these days are having a hard time getting their foot in the door because the street (both sides). Occasionally there's a poli sci major in IB, but that's usually from a top 5 school with lots of internships relevant to the field. So as...

Are you high?