Bond rally nearing an end?
- Thread starter gharghur2
- Start date
Moise, thanks for the chart. Could you tell us which indicator you are using ?
Thanks!
Thanks!
Quote from Bitstream:
amazing this thread is still going strong. wonder what happened to tony/gharghur.
anyone knows?
I still read his blog, it's one of the most consistent out there, which I appreciate... Ya, this thread seems to be the only serious thread that talks about bonds... No bashing, nobody talking up their trades, lotsa shop talk, fed talk, unbiased opinions... all the makings of a long lasting thread, too bad Tony couldn't be hear to enjoy it
We are still in a pretty weak period in terms of seasonals as it is Japanese fiscal year end. Up until Thursday after CPI by many accounts they hadn't shown up as buyers in anything besides mortgages. Would definitely be watching indirect bids at the monthly 2yr and 5yr auctions next week and also during the Refunding in February. Goldman prop all last week just continued hammering 107 vol in the 10yr, probably short 30,000+ across all different months at that strike. Vol is way back below 4.0% and failed to catch any meaningful bid on the break after CPI (Goldman actually added vol at that point, was a good sign they knew there was an underlying bid).
i agree this is a great thread. especially love mccurto's posts.
sold a feb (expiring next week) straddle at 111 last week. been doing well. hedged by long 110/113. (the long 110 put was previously bought and not profitable)