Open Thread

May 28th, 2009 11:19 am | by John Jansen |

I am out of here for awhile so feel free to comment away in my absence.

Enjoy the rest of the day.

JJJ

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  1. 20 Responses to “Open Thread”

  2. By Brian on May 28, 2009 | Reply

    The MS reopen deal that JJ cited earlier coming with 500 million in 5’s and 1 billion in 10’s, both presumably at +350. The 5yr priced at +390 previously and the 10yr at +400. The CUSIPS are 61747YCF0 and 61747YCG8 respectively if anyone cares to see trading history.

  3. By Tom on May 28, 2009 | Reply

    Thanks for the CUSIPS. Those 5 years are really well bid!

  4. By troy on May 28, 2009 | Reply

    your bolting when the market turns huh? 🙂

  5. By Steve on May 28, 2009 | Reply

    miss your insights

  6. By Steve on May 28, 2009 | Reply

    Interest rates continue to rise with more treasury selling today. It appears the debt is beginning to really weigh on markets, but I don’t see any signs Washington has noticed — or cares!

  7. By Fred on May 28, 2009 | Reply

    Anyone have the results of the 7 year auction ? If so , thanks in advance for posting same !

  8. By Greg on May 28, 2009 | Reply

    bid to cover 2.26, high yield 3.3, indirect bidders represeting 33%

  9. By Dean Gorenflo on May 28, 2009 | Reply

    2.26:1 BTC with 33% indirect.

  10. By John Black on May 28, 2009 | Reply

    http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/R_20090528_1.pdf

    Really makes a person proud!!

  11. By Al on May 28, 2009 | Reply

    “We can’t solve a problem brought on by too much borrowing and lending by more borrowing and lending,” he said. Schiff, who forecast a debt-driven recession three years ago, said the Fed’s purchase of many of the new Treasury securities issued to fund the deficit resembles a Ponzi scheme.

    “I don’t know why they got Bernie Madoff in jail,” Schiff said. “They ought to make him secretary of the Treasury.”

    http://www.bloomberg.com/apps/news?pid=20601087&sid=as5eaFiSGc5I&refer=home

    God bless America.

  12. By vol-trader on May 28, 2009 | Reply

    2bp through the W/I i believe

  13. By Dean Gorenflo on May 28, 2009 | Reply

    MBS selling continues in the lower coupons with only the 6.0-6.5 in the plus post auction.

  14. By Fred on May 28, 2009 | Reply

    About the same as the last 7 year auction , as i recall ( BTC and indirect interest ) , right ? 2/10 and 2/30 still looks almost a sbad as yesterday…..

  15. By vol-trader on May 28, 2009 | Reply

    how much worse are the fanny 4s?

  16. By SP on May 28, 2009 | Reply

    7 yr:

    http://www.aleablog.com/7-year-auction/

  17. By David johnston on May 28, 2009 | Reply

    You can’t just get up and leave during such an exciting time in the Treasury market! When is the Treasury market ever exciting, once every 10 years?

  18. By Dean Gorenflo on May 28, 2009 | Reply

    June delivery went out at 97-3/32 up about 6/32 from yesterday’s 5 PM close. A decent recovery from 3 to close.

  19. By Dr.Dan on May 28, 2009 | Reply

    Brian – Thanks for the CUSIPs

  20. By ejsmith on May 29, 2009 | Reply

    anyone care to speculate on what the Fed does now? Are they going to ramp up their activities in the mortgage market? Or do they start to wind down the operations now that things have blown up and oil market is going parabolic? Thanks for any advice.

  21. By coolmama on May 29, 2009 | Reply

    Ambrose Pritchard Evans “The US Federal Reserve may soon be forced to launch fresh blitz of quantitative easing whatever the consequences for the US dollar, or risk seeing economic recovery snuffed out by the latest surge in long-term borrowing costs.”

    http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5402260/Bond-markets-defy-Fed-as-Treasury-yields-spike.html

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