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Anybody else short US 30 Bond
- Thread starter richard_m
- Start date
Quote from limitdown:
please explain,
what is this price consolidation feature?
what symbol does it use?, or is this some index or exchange data or software feature?
the guy that sits next to me does this in CL, it is a feature on TT that allows you consolidate prices. For example instead of 1 cent in CL you can condense it 2 cents and all of the contracts at those two prices are at the one new consolidated price.
Quote from invertedCurve:
the guy that sits next to me does this in CL, it is a feature on TT that allows you consolidate prices. For example instead of 1 cent in CL you can condense it 2 cents and all of the contracts at those two prices are at the one new consolidated price.
I tried using that feature. It does not give a true view of the market because you wont always know if the volume is buyers or sellers. It does eliminate some noise but you loose too much information by using it. It works much better in cl because 2cents in oil is nothing compared to its range and volume at individual prices.
that 117 14 level in the bond was perfect on friday but probably wont mean much come monday
Quote from Il Principe:
I'm not quite so sure about the 10YR. On Friday, the slippage on my buy stop was more in one trade than IN ALL MY TRADES COMBINED FOR THE PAST 5 YRS. I kid you not. I noticed it late Thurs. night, but thought it was due to NFP day. But tonight, on the IB DOM, it is just as small. Early days, but I'm not a fan of this at all. Wonder if it's because of the vol(and resting order strategy), but Wed. it was fine than Thursday night.BOOM.no liquidity. This sucks..really sucks. I hate the comparison, but Vegas doesn't shut out the small fish(retail trader), leaving the big fish to play alone. I don't like it, gents. What's the situation here? Read where some I-banks are thinking of setting up a futures exchange(again) to counter the CME et al. Any long-time, bond BSD's pls chime in.
Yes, the 10 yr is suffering as well. I think a lot of that's due to the lack of spreading between the 30 and the 10.
It's next to impossible to get a reasonable hedge on now. Just ain't enough at the bid/ask.
There is a new exchange coming that will have treasury futures to start. It's been discussed in bits and pieces on this thread. Goldman just joined on as an investor. At first I thought it would be impossible to take the liquidity from the CMEGroup, but obviously there isn't much liquidity on these contracts anymore, so I don't think that will be an issue. Clearing may be the only hurdle. Also when Eurex US and brokertec tried to launch bond futures there was a sense of loyalty among CBOT members to stick with the CBOT contracts (it also helped when CBOT slashed fees) but I don't think that loyalty is there to save them this time.
Quote from robustdeus:
I tried using that feature. It does not give a true view of the market because you wont always know if the volume is buyers or sellers. It does eliminate some noise but you loose too much information by using it. It works much better in cl because 2cents in oil is nothing compared to its range and volume at individual prices.
that 117 14 level in the bond was perfect on friday but probably wont mean much come monday
I initially had the same thought, but I'm really only missing a 1 lot or 10 lot trade for the most part. It's just an indicator for me now.
Quote from invertedCurve:
YT- as you have seen anything and everything is possible in these markets tomorrow there could be a story on Ambac, or a CitiBank 30 Billion dollar write down or a another bull$hit treasury department sell off of short term paper like Friday don't make subjective observations in this market as Surdo said be nimble and don't stick your head out with an opinion as these markets whip around so much daily you will get killed! ES should go play with 1265-70 soon so that could mean a rally in the curve.
YT- C what I am talking about? Bear Stearns rumor of Chapter 11 then liquidity issues causes mayhem...bought 117.075 pro style!
Quote from invertedCurve:
YT- C what I am talking about? Bear Stearns rumor of Chapter 11 then liquidity issues causes mayhem...bought 117.075 pro style!
Nice work man! I do understand what your talking about. Guess im just lucky I got in there for a few quick scalps last night!
Where from here?
gotta love a 2 handle range that is if you didn't blow out for the day! The Fed is now loaning out credit on GSE paper how bad is credit? Pretty bad!
The new exchange has a name, ELX - The Electronic Liquidity exchange. Interesting how they chose to use the word "Liquidity" given the current lack of liquidity on the cme bond futures.
http://www.reuters.com/article/marketsNews/idUKWEN443420080312?rpc=44
http://www.reuters.com/article/marketsNews/idUKWEN443420080312?rpc=44