Who are the idiots buying bonds for 1% interest?

Quote from tradingjournals:

Congrats! We were one of the few facing a crowd that thought we were insane. :)

I am not a bond trader, but I got interested recently. Are there options on the 2s? Any premium on the calls?
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Looks like a nice opportunity for you gents today, innit?
 
Well, apparently it's too early for anybody to be calling for a mutual circle jerk.

You just don't start a rant on a forum because fixed income has experienced 10% + price appreciation YTD, declare it overdone, watch it come off ~ 1/2% in a day, and declare yourself victor and supreme market guru.

Again, I'll make a point born of experience: wait for a solid close below that long term trendline and then short the market - let the market tell you where it wants to go.

It is so easy to burn through capital to satisfy ego. Give up range in exchange for confirmation. And learn how to trade relative value. You have to be able to preserve capital and not repeat mistakes to make it in this business.
 
Quote from bone:

Well, apparently it's too early for anybody to be calling for a mutual circle jerk.

You just don't start a rant on a forum because fixed income has experienced 10% + price appreciation YTD, declare it overdone, watch it come off ~ 1/2% in a day, and declare yourself victor and supreme market guru.

Again, I'll make a point born of experience: wait for a solid close below that long term trendline and then short the market - let the market tell you where it wants to go.

It is so easy to burn through capital to satisfy ego. Give up range in exchange for confirmation. And learn how to trade relative value. You have to be able to preserve capital and not repeat mistakes to make it in this business.
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I agree Bone. Once again, those that are long are getting paid on price, and quite well at that.
 
You guys are so achingly anxious for this to go up it's hilarious. You may be worried about burning through capital, but since the 2y is currently trading 1 or 2 ticks off where I sold it, I'm not nearly so worried.

If you want to be long, go long. I think it's retarded, but I can't see any reason that I should care what y'all do. Just ask this question: why can't the 2-year trade higher than it did last Weds. after that Fed report?
 
Well, every day I look at my statements for CME, CBOT, Liffe, Eurex, Brokertec, and Cantor-Fitz reminds me that without a doubt as a speculator I get paid on price.
 
Quote from The Big D:

That's nice. And if price had moved against me, you'd sort of have an argument. But it hasn't.
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Whats your target for those bonds?Because I'm tired of seeing people get into debates about all the 'reasons' they have a trade on, then they take profits as soon as it moves in their favor claiming to be for 'technical reasons'
 
Quote from Daal:

Whats your target for those bonds?Because I'm tired of seeing people get into debates about all the 'reasons' they have a trade on, then they take profits as soon as it moves in their favor claiming to be for 'technical reasons'
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You can be tired of whatever you like, and I'll take profits whenever I feel like.

My eyeball guess is that I might see 109'08 before expiration. Of course, I could decide to roll it forward - I'm being offered a discount to do so. No fixed plans yet.
 
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