Archive for September, 2009
Friday, September 11th, 2009
As I have mentioned in the past I get alot of emails from the street. Here is an excerpt from an FX trader's commentary which is useful for judging the short strokes. The sender of the email redacted the trader's name and firm:
US dollar fell across the board ? leaving ...
Posted in Uncategorized | 3 Comments »
Friday, September 11th, 2009
Prices of Treasury coupon securities posted small mixed changes in overnight trading.
The yield on the 2 year note edged a basis point higher to 0.89 percent. Similarly, the yield on the 3 year note climbed a basis point to 1.44 percent. The yield on the 4 year note is unchanged ...
Posted in Uncategorized | 5 Comments »
Friday, September 11th, 2009
Today 0.29900
Yesterday 0.29969
Posted in Uncategorized | 1 Comment »
Friday, September 11th, 2009
Here are some anonymous and intelligent thoughts about dollar/yen which I received via email earlier today. A reader forwarded it to me and the reader redacts the author's identity and firm. It is a worthwhile piece. In this instance, the typos are not mine but the author's!!!
Why is Usd/Jpy so ...
Posted in Uncategorized | 1 Comment »
Friday, September 11th, 2009
Dave Merkel has an interesting blog and his most current post is thought provoking. He is searching for the story that is not being covered at the current time. He had some thoughts and his readers chimed in with some interesting ideas.too.
Posted in Uncategorized | 1 Comment »
Thursday, September 10th, 2009
Prices of Treasury coupon securities have surged following a blockbuster 30 year bond auction which capped a very successful troika of auctions. The taxpaying public has some reason for elation as in each instance the auction stopped rich to market levels. The dealer community has reason for joy (if they ...
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Thursday, September 10th, 2009
Mortgages are about a basis point better than swaps today.
Traders report light volume from originators and a Federal Reserve buying 15 year coupons.
One trader muses that the rally has brought higher dollar prices and with quarter end nigh he anticipates large banks to put P in the P and L ...
Posted in Uncategorized | 1 Comment »
Thursday, September 10th, 2009
I do not have a Bloomberg with live prices but the bond auction appears to be a very strong auction. If the slightly lagged source I use was correct the outstanding Long Bond was trading at about 4.27 percent at auction time and the 10 year was trading at about ...
Posted in Uncategorized | 23 Comments »
Thursday, September 10th, 2009
I have no credibility on this topic as my opinion has been rather wrong.
Market participants are somewhat flummoxed as well today.
The issue remains cheap on the curve as it is hovers near 86 basis points cheap to the 10 year note which is the wide end of the recent range.
Similarly, ...
Posted in Uncategorized | 6 Comments »
Thursday, September 10th, 2009
*GERMANY 3-YR BONDS MAY BE PRICED TO YIELD SWAPS LESS 20-25 BPS
2009-09-10 12:50:12.302 GMT
Posted in Uncategorized | Comments Off on German Price Talk