Any word on the latest bond auctions...I heard they had a hard time giving away 7yr last week?I am all aboard the train to making mo' money this year and I had no intentions of selling any stock today, but what do you know look what is catching a bid today, LOL? All the garbage that no one ever talks about anymore. Drugs, Ute's, cigarette's, Cell carriers, LOL. When is the last time much of this stuff caught a bid, 2-4 years ago, LOL? They could not wait until the turn of the year to unload their huge winners and have 15 months to find the money to pay the taxes. Oh well guess it will be short lived but it took 5 minutes for them to hit the sell button. Good luck errbody.
Starts this week. announcements on the 3, 10, and 30 this Thursday to be auctioned next week. Calendar appears that they are auctioning these monthly now, as opposed to quarterly. It will be interesting to see how much of each. As far as the 7 year, that is an odd duration and never seems to get a lot of interested buyers.Any word on the latest bond auctions...I heard they had a hard time giving away 7yr last week?
How does longer term issuance effect rates? Not sure if I heard it correctly on Bloomberg this morning but I think they said they were going to be issuing more longer term paper which in their opinion would slide rates higher again? The 10yr bounced up again and I noticed the DXY bounced off of 100 last week and is approaching 103 again.Starts this week. announcements on the 3, 10, and 30 this Thursday to be auctioned next week. Calendar appears that they are auctioning these monthly now, as opposed to quarterly. It will be interesting to see how much of each. As far as the 7 year, that is an odd duration and never seems to get a lot of interested buyers.
You heard correctly as typically the larger the issuance, the higher the cost, especially at longer durations, hence a positive sloping yield curve. Bur it also depends on the appetite and what buyers are out there. Is China and Japan still big buyers or are the Japs buying more of their own JGB's due to higher rates there and currency conversion. And what is happening domestically here. As you know as stocks falter rates usually drop. But lets be honest 4% for ten years is a heckuva lot less interesting to pensions, insurance cos. or endowments as 5% was just a few months ago.How does longer term issuance effect rates? Not sure if I heard it correctly on Bloomberg this morning but I think they said they were going to be issuing more longer term paper which in their opinion would slide rates higher again? The 10yr bounced up again and I noticed the DXY bounced off of 100 last week and is approaching 103 again.
I don't know, but I'm happy because I have to make several large payments in EUR in the next week.How does longer term issuance effect rates? Not sure if I heard it correctly on Bloomberg this morning but I think they said they were going to be issuing more longer term paper which in their opinion would slide rates higher again? The 10yr bounced up again and I noticed the DXY bounced off of 100 last week and is approaching 103 again.
I accept EUR. Message me for mailing addressI don't know, but I'm happy because I have to make several large payments in EUR in the next week.
Speaking of the 10 yr bounce, that thing kissed 4% today and retreated even faster than it did the day it touched 5%.How does longer term issuance effect rates? Not sure if I heard it correctly on Bloomberg this morning but I think they said they were going to be issuing more longer term paper which in their opinion would slide rates higher again? The 10yr bounced up again and I noticed the DXY bounced off of 100 last week and is approaching 103 again.
Yup...we got a nice rush of purchase orders at the end of last month and quite a few full title orders for refi's(deeeevorces are coming out of the woodwork) but after seeing yesterday's news and this mornings I was getting a little worried again....Ol Jay Boy better start cutting like Art Grindle before too long or old crete is going to be getting an unwanted haircut...Speaking of the 10 yr bounce, that thing kissed 4% today and retreated even faster than it did the day it touched 5%.
So you're ready to go balls deep into the Ruble trade, right?I don't know, but I'm happy because I have to make several large payments in EUR in the next week.
And I thought old farts like you just bought muni's...Last week bought more ABXXF (+31% - avg cost 8.12) But losing money on last week's purchase.
This week bought TCPC (currently +4.38%) and GO (currently -2.92%)