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Anybody else short US 30 Bond
- Thread starter richard_m
- Start date
Quote from Martinghoul:
WAIT!
**NY FED WEBSITE NOW SAYING THEY WILL ONLY BUY 2YRS TO 10YRS.
FOR SOME REASON THAT WAS ON NY FED WEBSITE BUT NOT WASHINGTON FED WEBSITE.
Long end coming off hard ... Longer-term doesn't mean 20y, HA-HA! Confusion reigns!
Actually the NY fed said "...will concentrate purchases in the 2- to 10-year sector of the nominal Treasury curve, although purchases will occur across the nominal Treasury and TIPS yield curves". So they aren't NOT buying 30 years like some people were saying, they're buying everything, just concentrating in 2's and 10's.
Anyhow, I was convinced they weren't going to do it today. My condolences to those who were short, and congrats to the punters who went long.
So are all the fed bullets gone now? What's left, sticks and stones? Oh boy....
I stand corrected... Was getting too excited and the sound of the printing press revving was deafening.Quote from NoteBoy:
Actually the NY fed said "...will concentrate purchases in the 2- to 10-year sector of the nominal Treasury curve, although purchases will occur across the nominal Treasury and TIPS yield curves". So they aren't NOT buying 30 years like some people were saying, they're buying everything, just concentrating in 2's and 10's.
Anyhow, I was convinced they weren't going to do it today. My condolences to those who were short, and congrats to the punters who went long.
So are all the fed bullets gone now? What's left, sticks and stones? Oh boy....
The next step is the Fed begins direct loans to individuals and corporations though a major bank soon to be seized by the FDIC. It's purpose will not be profit, but to get loads of cheap money into the economy. This was all foretold in this Nonmember 2002 speech titled "Deflation: Making Sure 'It' Doesn't Happen Here"
Quote from bond_trad3r:
The next step is the Fed begins direct loans to individuals and corporations though a major bank soon to be seized by the FDIC. It's purpose will not be profit, but to get loads of cheap money into the economy. This was all foretold in this Nonmember 2002 speech titled "Deflation: Making Sure 'It' Doesn't Happen Here"
|| If the Treasury issued debt to purchase private assets and the Fed then purchased an equal amount of Treasury debt with newly created money, the whole operation would be the economic equivalent of direct open-market operations in private assets. ||
... this remind me about the latest FOMC statement...
When, what and how much will the fed be buying? Anyone hear of any announcements?
thank you mr. bullard I was long 123.165 at 1:30 pm wow! buying a lot of long dated coupons out to 2039 but a lot of old issuance with high coupons first. Feb 16 to feb 19's first.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXhfl.k1.aQM&refer=home
http://www.newyorkfed.org/markets/operation_schedule.html
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXhfl.k1.aQM&refer=home
http://www.newyorkfed.org/markets/operation_schedule.html
Quote from BondTrader50:
When, what and how much will the fed be buying? Anyone hear of any announcements?
Fed to start buying Treasurys on Wednesday
By Deborah Levine
Last update: 2:58 p.m. EDT March 24, 2009Comments: 2
NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York will begin making purchases Of U.S. Treasury securities on Wednesday, starting with debt maturing between 2016 and 2019. It will continue purchases on Friday and next week, with some days dedicated to purchases of maturities as short as 2-year notes with others for debt maturing in 17 to 30 years, it said in a schedule posted on its website Tuesday. It did not indicate how much it would buy. The Fed announced last Wednesday it would purchase up to $3000 billion in Treasurys over the next six months. Treasurys rallied, with yields on 10-year notes (UST10Y:U.S. Treasury 10 Year
News , chart , profile , more
Last: 2.65+0.01+0.53%
http://www.marketwatch.com/news/sto...297-9334-8FB374F6D1E9}&tool=1&dist=bigcharts&
they don't move it on reverse auction and kill it on the $hitty 5 yr auction that was fun! stopped at 62% retracement of Fed big move day 122.255 ZN that is! (from 120.24 to 126.04) I like technical analysis on big moves=pro!)