Treasury Market

August 28th, 2009 12:15 pm | by John Jansen |

The Treasury market has rebounded from its early morning setbacks and is now better on the day.

The 10 year which had traded for a brief time above 3.50 percent has seen buyers and is trading at 3.44 percent.

There are several catalysts for the rebound.

The Federal Reserve bought $ 2billion in long maturity agencies.

Equities have developed a soggy tone.

Some traders are still setting up for the expected wave of buying on Monday with the month end extension trade.

Finally it is a very thin market and it is does not take very many bonds to muscle the market in either direction.

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  1. 6 Responses to “Treasury Market”

  2. By Farah Fawcett on Aug 28, 2009 | Reply

    Sold to open 10 TBT Sept. 46 Puts @ 0.95

  3. By Bman on Aug 28, 2009 | Reply

    I still cannot find on their site a cumulative amount of purchases done on the 1.25 T program. Any ideas? Just looking for approximates.

  4. By Al on Aug 28, 2009 | Reply

    792B according to mortgagenewsdaily

  5. By Bman on Aug 28, 2009 | Reply

    Al – much appreciated.

  6. By Tyler K on Aug 28, 2009 | Reply

    I suppose that one could also use a (not so fun) manual approach of tallying the figures:
    http://www.newyorkfed.org/markets/MBS/PurchasesArchive/purchases_archive.html

    But, it is pretty lame that cumulative figures aren’t (at least to your an mine eyes) readily available.

    … for the tine foil crowd –> intentional transparency obfuscation?

  7. By Cedric on Aug 28, 2009 | Reply

    bman

    Also http://www.debtorsprisonblog.org/ has been keeping a running total on all Fed programs.

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