I could see the 30 year yield at 3.5%. Today's action proves that the fed is in there buying. Not that I doubted it, but for the naysayers out there. You need to do your homework and keep up with fed policy if you want to make money in this market.
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Buy 30 year treasuries
- Thread starter RiceRocket
- Start date
I could see the 30 year yield at 3.5%. Today's action proves that the fed is in there buying. Not that I doubted it, but for the naysayers out there. You need to do your homework and keep up with fed policy if you want to make money in this market.
Quote from RiceRocket:
I could see the 30 year yield at 3.5%. Today's action proves that the fed is in there buying. Not that I doubted it, but for the naysayers out there. You need to do your homework and keep up with fed policy if you want to make money in this market.
It depends on your time horizon. Those who are shorting bonds are looking way out in time. I think it is too soon to start shorting them. I agree 100% with you that the Fed will monetize. Some think they won't succeed. I think they will, and that should lead to some pretty horrendous inflation down the road.
Like they always say, don't fight the fed. This was a massive rally in the 30. I believe there's further to go. The fed has got to get the rate low enough to stop banks from hoarding.
I closed my long into the close. I made a shitload of money today. I couldn't believe how quickly it happened. My target was a yield of 3.5%. It's around 3.56% It could keep going though, who knows how far the fed has to take it. Maybe 3%.
RiceRocket
Registered: Oct 2006
Posts: 568
New Post 11-20-08 03:19 PM
I closed my long into the close. I made a shitload of money today. I couldn't believe how quickly it happened. My target was a yield of 3.5%. It's around 3.56% It could keep going though, who knows how far the fed has to take it. Maybe 3%.
I did not think your trade would work out.
Great Trade for you!!
Registered: Oct 2006
Posts: 568
New Post 11-20-08 03:19 PM
I closed my long into the close. I made a shitload of money today. I couldn't believe how quickly it happened. My target was a yield of 3.5%. It's around 3.56% It could keep going though, who knows how far the fed has to take it. Maybe 3%.
I did not think your trade would work out.
Great Trade for you!!
Nice call. Think they're done now?
It could pause for a few days, to let the equity market bounce back, then they will go at it again.
I'm going long again tomorrow, Nov 25. We got the retracement to allow those inflated dollars purchased by the fed to flood the equity market. Now, they will give it another go.