Quote from smalls:
Most bloomberg.com articles are just horrid. try read the grain ones. most of the stuff is just WRONG.
as inverted said, get a squawk or at the very least know when stuff comes out and avoid the market when you can not hear the news.
Quote from invertedCurve:
I sit in an office w squawk and have the bloomberg front end access. For those who don't here is today's buy back mostly 5 yr coupons as you can see.
http://www.newyorkfed.org/markets/pomo/display/index.cfm
and here is the schedule
http://www.newyorkfed.org/markets/operation_schedule.html
when you enter trading the curve newbies be careful there are a lot of people who have a lot more info than you and manipulate these markets. we as off floor non dealer traders have to try to cut through the bs and pick good levels and trade what we see not what we think.
My levels on the way down were 123.14 (retrace area of fed day), 123.105 and 123.055 so as it came down i bought em and puked (scratch to one tick loss) till it stopped then when it stopped I was long for the pop back up 12 don't get married to trades in this environment you will blow out fast.
Quote from ivanbaj:
BondTrader when does Europe close? My guess is 11 AM ET that is 4 PM London.
I went long a 124 May call for 30/64. It looks bad now. I hope this thing bottoms out soon. :eek: