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
A daily bond market chronicle
I am out of here for awhile so feel free to comment away in my absence.
Enjoy the rest of the day.
JJJ
February 22
20 Responses to “Open Thread”
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.
By Tom on May 28, 2009 | Reply
Thanks for the CUSIPS. Those 5 years are really well bid!
By troy on May 28, 2009 | Reply
your bolting when the market turns huh? 🙂
By Steve on May 28, 2009 | Reply
miss your insights
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!
By Fred on May 28, 2009 | Reply
Anyone have the results of the 7 year auction ? If so , thanks in advance for posting same !
By Greg on May 28, 2009 | Reply
bid to cover 2.26, high yield 3.3, indirect bidders represeting 33%
By Dean Gorenflo on May 28, 2009 | Reply
2.26:1 BTC with 33% indirect.
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!!
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.
By vol-trader on May 28, 2009 | Reply
2bp through the W/I i believe
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.
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…..
By vol-trader on May 28, 2009 | Reply
how much worse are the fanny 4s?
By SP on May 28, 2009 | Reply
7 yr:
http://www.aleablog.com/7-year-auction/
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?
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.
By Dr.Dan on May 28, 2009 | Reply
Brian – Thanks for the CUSIPs
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.
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