Anybody else short US 30 Bond

Quote from dhpar:

i do not understand this market at all. everybody calls today's 3yr auction as being a success - bid2cover was 3+.
what the hell - the yield paid was 20bps above the on-the-runs. is this called a good auction nowadays? maybe simply the fact that all 25b was sold counts as a success now.
if somebody can enlighten me that would be great.
More...

According to Bloomberg:
Indirect bidders, a class of investors that includes foreign central banks, bought 36.1 percent of the notes sold today, the most since May 2005, when they purchased 40.3 percent. Investors bid for 3.07 times the amount offered, the most since May 1998.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOj4tM2OwqQk
 
wow wow wow! Spooz 840 bid at 11:46 and then 817 at 12:00 bought 817.75 and bond auction a handle selloff! Bought 117.18 whoa that was nuts!!!!! Of course I covered way too early but 4-5 points in spooz and 4-5 ticks in the bond in less than 30 seconds was good for me!
 
that selloff from 117.12 to 117.02 was great in ten seconds since I was long it wow these markets are all on crack chipped away and got it back but this is too much too much vol!!!!!!!!!!!!!!!
 
Quote from invertedCurve:

if I were more than an intra-day player I would start buying around here. Just my opinion...
More...

InvertedC, that was a great call.

So what kind of profit target/per trade can one expect intraday in ZB?
 
TIC flow data yesterday showed HUGE foreign buyers of our paper (Chinamen! "asian american is the proper nomenclature"-Big Labowski) To answer your question that depends on what your timeframe is and how much heat you can take it is normal for 10-20 tick 5 second moves on air if you are on the wrong side of that it is not good if you are well then get out or ride it!
 
You must log in or register to reply here.
Back
Top