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| User Info | Bonds Tanking... in forum [NotSoBreakingPrice] | |||
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070969 Posts: 988 Incept: 2009-04-10
CHICAGO
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EOM...
2009-05-21 11:28:55
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Amgrace Posts: 1224 Incept: 2008-02-15
New Castle, PA 16101
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Yes indeed! So how far do stocks have to fall these days to even get a bid back in the Treasury market....
---------- "In an informal survey at a recent meeting of 150 or so institutions, those admitting to feeling nervous about underexposure to risk outnumbered those feeling too aggressive by a neat 10 to 1! This also suggests how a speculative rally can keep going longer than reasonable investors expect." - Jeremy Grantham 07/2009 2009-05-21 11:36:16
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Financeguy Posts: 4720 Incept: 2007-08-10
Charlotte
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One of these days they are going to fall in tandem and keep falling.....
---------- "Granted, if you are not into Barbara Streisand and creme brulee, South Beach could be a tad lonely." Eleua 2009-05-21 11:51:50
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Randy123 Posts: 1382 Incept: 2008-09-24 New Jersey
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Yep, ugly day.
---------- Mliu is my hero. Captain melamine. 2009-05-21 11:52:31
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Schwantz Posts: 4681 Incept: 2007-11-12
Monkey Do
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They'd better crash the market quick..
---------- Dives sum, si non reddo eis quibus debeo Smash the Keynesian idiocracy! 2009-05-21 11:54:25
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Rdaniels Posts: 128 Incept: 2007-11-30
Indiana
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That's a hellava reversal.
2009-05-21 11:54:49
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Randy123 Posts: 1382 Incept: 2008-09-24 New Jersey
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They need to break 7500 and they know it.
---------- Mliu is my hero. Captain melamine. 2009-05-21 11:55:51
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Tbear Posts: 2373 Incept: 2007-10-30
Tug Hill
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Treasury bot $7.4 Billion. Problem is, $45.7 Bil were offered. oooops. FAIL 2009-05-21 12:11:46
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Decoudres Posts: 23 Incept: 2007-11-28 Charlotte
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Yeah, WTF??? That's 8 bps straight up. Was there a bad auction today or are the bond vigilanties not liking the idea of more money out to GMAC, etc?
2009-05-21 12:14:04
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Dashingdwl Posts: 4038 Incept: 2007-06-26
los angeles
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May 21, 2009, 11:11 a.m. EST Treasury to sell $101 billion in debt next week NEW YORK (MarketWatch) -- The Treasury Department said Thursday it plans to sell $101 billion in debt next week in its monthly round of shorter-term note offerings. The government will sell $40 billion in 2-year notes (UST2YR 0.83, 0.00, -0.48%) on Tuesday, matching the amount expected by Wrightson ICAP. It will also offer $35 billion in 5-year notes (UST5YR 2.01, -0.01, -0.69%) the following day and $28 billion in 7-year notes next Thursday. The 7-year security was reintroduced in March to help the government spread out the increasing debt issuance needed to fund all of lawmakers' stimulus plans and the Fed's programs to stabilize financial markets ---------- Think Green Tip. 2009-05-21 12:14:22
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Psgirl Posts: 2253 Incept: 2009-02-18
Online
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Anyone know what the reaction to this should be in the equity market?
2009-05-21 12:14:49
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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Ben buys = Money goes into primary dealers (cash) It has to go SOMEWHERE. Guess where it might go? ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-05-21 12:16:47
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Phirang Posts: 8083 Incept: 2008-10-25
Fields of Cannae
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BAC, STT, JPM, and every other debt-ridden corpse that's floating today!
---------- In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell 2009-05-21 12:17:49
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Schwantz Posts: 4681 Incept: 2007-11-12
Monkey Do
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Meanwhile the bigger money moves out of everything US
---------- Dives sum, si non reddo eis quibus debeo Smash the Keynesian idiocracy! 2009-05-21 12:18:35
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Phirang Posts: 8083 Incept: 2008-10-25
Fields of Cannae
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Paulson huge gold allocation looking smarter by the minute... hot damn!
---------- In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell 2009-05-21 12:20:16
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Decoudres Posts: 23 Incept: 2007-11-28 Charlotte
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Isn't the Treasury SELLING the notes??? Thus, the primary dealers and other sovereign govts are the ones buying. At least we hope other coutries are still buying our debt - otherwise we're screwed. Or am I reading this wrong? 2009-05-21 12:22:23
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Dashingdwl Posts: 4038 Incept: 2007-06-26
los angeles
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Ben bought today. $7 B to PDs. Treasury selling next week. $100B from somewhere. ---------- Think Green Tip. 2009-05-21 12:23:33
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Decoudres Posts: 23 Incept: 2007-11-28 Charlotte
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3.31 now and still climbing - that's a hell of a woody.
2009-05-21 12:27:01
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Creditcalmass Posts: 997 Incept: 2008-06-04 4 train, NY
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Back down to 3.29, spiked to 3.32 though, trendline for the day still in play. Something wicked this way comes (The Bond Market Monster) 2009-05-21 12:33:42
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Ukyank Posts: 906 Incept: 2008-10-09 Little village on a small island...austerity anyone?
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This flirting with 3.3 is worrysome....I came across some historical data today that some consider represents the trigger of the two great deflationary depressions in the USA....from memory the data was (these are from memory, trying to locate the source): 1853 : 10-year treasury yield : 3.4 1929 : 10-year treasury yield : 3.3 Can only assume this is critical level because it appears to be where the spreads begin to shrink (reach minimum) in a deleveraging environment...does this make sense? ---------- "The distinction between needs and wants will reveal itself like a sledgehammer." James Quinn, Jan 5, 2009 2009-05-21 13:00:37
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Bartman Posts: 400 Incept: 2007-08-11 TX
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Quote:Ben buys = Money goes into primary dealers (cash) Treasury is selling bonds throught PDs, right? Then doesn't the CASH go to Treasury? How would the PDs be able to use this cash (besides the fees they receive) at their discretion? 2009-05-21 13:11:06
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Doctormad Posts: 1777 Incept: 2007-09-09
Ohio
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Financeguy,Quote:One of these days they are going to fall in tandem and keep falling..... Already starting to happen. This is setting up to be the third day in the past 4 weeks where bonds and stocks are going to be down together significantly (greater than 1.5%). 2009-05-21 13:14:00
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Jeffrey_thomason Posts: 397 Incept: 2009-03-11
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Doctormad wrote..
Not to mention the USD Index as well, which I thought wasn't suppose to happen. 2009-05-21 13:20:45
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Seabassbanker Posts: 2622 Incept: 2008-03-09
HELL IF I KNOW
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yeah eur is on a rampage against bucky
---------- October 15th, 2007 Bernanke: "It is not the responsibility of the Federal Reserve - nor would it be appropriate - to protect lenders and investors from the consequences of their financial decisions." LIAR LIAR 2009-05-21 13:21:43
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Leraconteur Posts: 7189 Incept: 2007-12-03
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Thread in Rumour that the ECB's just got fed up. Also the bid/cover for the T auction was 6.17 : 1, Gold up to 950, equities tanking. All in all, a huge mess. 2009-05-21 13:26:01
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