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User Info Timmy to Sell $165 Billion in Bonds in Next 7 days.... in forum [NotSoBreaking]
Tbar
Posts: 1483
Incept: 2009-02-27

Florida
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That should cover that $134 billion...
http://online.wsj.com/public/page/news-f....

US To Sell $31 Bln In Reopened 3-Month Bills Mon
http://online.wsj.com/article/BT-CO-2009....
US To Sell $27 Bln In 7-Year Notes Thu
http://online.wsj.com/article/BT-CO-2009....
US To Sell $40 Bln In 2-Year Notes Tue
http://online.wsj.com/article/BT-CO-2009....
US To Sell $37 Bln In 5-Year Notes Wed
http://online.wsj.com/article/BT-CO-2009....
US To Sell $30 Bln In 6-Month Bills Mon
http://online.wsj.com/article/BT-CO-2009....

10 Year Yield


2009-06-18 12:06:39
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Lowbeyond
Posts: 6893
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A True American Patriot!
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Heh. It would have been funny if he sold 134.5B lol

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Maybe it was a birdy bread-bomber from the future?!
2009-06-18 12:08:52
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Tbar
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Florida
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At first it was. The 3-Month Bills were added after I started my post.
My original post was much more humorous.

2009-06-18 12:11:01
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Sribb
Posts: 938
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Tampa, FL
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things that make you go hmmmmmmm......

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"We don't make market predictions. We just ride the bucking bronco" BILL DUNN-Dunn Capital Mgmt

"I don't trade for excitement. I trade to win" Larry Hite
2009-06-18 12:19:50
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Nullzero
Posts: 709
Incept: 2008-11-19

SOCAL
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This is not going over well... TNX is saying I don't like that!

2009-06-18 12:23:06
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Viperjason
Posts: 905
Incept: 2008-03-06

Reno
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Something else to make you go hmm....did we ever get a date on those bonds? I'm sure the 134 billion had interest that wasnt paid yet....165 could cover the interest....

2009-06-18 12:23:07
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Cubguy99
Posts: 1425
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Timmy staying away from selling into the 10 and 30. Let's see how much he ends up flattening the curve.

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Nothing could have been more ingeniously designed to maximize the suffering, and also to insure that as few as possible escaped the common misfortune.
-John Kenneth Galbraith commenting on the behavior of the stock market during the Great Depression
2009-06-18 12:25:21
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Perseid
Posts: 1610
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I'm Packing...
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Viperjason wrote..
Something else to make you go hmm....did we ever get a date on those bonds? I'm sure the 134 billion had interest that wasnt paid yet....165 could cover the interest....

Yes, this seems like a convenient amount for a 1 week timeframe, especially right after it was announced the Italian seizures were a fraud. These guys are professional liars, but sometimes the tell is there right in front of us.

2009-06-18 12:30:45
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Widgeon
Posts: 6519
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OK
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This is not even real anymore ... I'm phucking stunned.

Are the few hundred people that gather at TF the only people on the planet that see this?

We're into +$100B per week now.


2009-06-18 12:32:21
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Micronin127
Posts: 606
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Swampscott, MA
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The primary dealers must be stuffed to the gills with treasuries already.

They have to sell them to get the money they will need to buy next week's allotment. And selling them damages the value of the treasuries that they retain....

Or they could sell other assets... like floating tankers full of oil... or stocks...

Get ready for a distribution of assets as the primary dealers raise cash. The FED may have to step up coupon passes and POMO to help them raise cash.

2009-06-18 12:37:06
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Mliu_01
Posts: 10618
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Corona CA
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Here is what that amount looks like. Anyone have data of how much fed is holding?




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A good guy gets friendship, a bad guy gets laid.
J6P get the bills, Bankers get the bonus.

Last modified: 2009-06-18 12:51:23 by mliu_01

2009-06-18 12:46:07
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Capeman
Posts: 2167
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San Diego
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Wow! If this is in addition to the regular auctions we should see a very big spike in yields short term even beyond today.

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"I believe all God's creatures have a soul... except bears, bears are Godless killing machines!"
- Steven Colbert
2009-06-18 12:57:00
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Lemonaid
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Wait, the Treasury is peddling more bonds than the entire country of the U.K. owns?

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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises
2009-06-18 12:58:18
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Pika-steph
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^Why I keep^ fighting; so he is not fighting for nothing.
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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org

"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."

2009-06-18 13:00:16
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Asimov
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east tennessee
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It's justifiably immoral to try to deal in a moral fashion with an immoral entity.

If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
2009-06-18 13:03:15
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Pika-steph
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Nate wrote..
That is ONLY $8.58 TRILLION when annualized!!!


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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org

"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."

Last modified: 2009-06-18 13:06:43 by pika-steph

2009-06-18 13:06:23
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Xiao_ke
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This is going to end badly...How many buyers are left out there?

How does the 10 year not sky rocket above 4%, unless the plan is to tank equities and scare the market back into bonds. Even then how can Ben and Timmy be assured that people won't just take their money and go home. Bonds are not a safe bet anymore at least to me.

Last modified: 2009-06-18 13:10:19 by xiao_ke

2009-06-18 13:08:39
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Zenthunder
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gee I WONDER where the money for all those bonds is gonna come from? If they dont tank equities it will come from housing...




2009-06-18 13:09:24
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Asimov
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T's ARE being gamed today. Not as bad as it was a week or so ago, but correlations pop up between T's and FX just about every time the rate declines.

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It's justifiably immoral to try to deal in a moral fashion with an immoral entity.

If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
2009-06-18 13:12:25
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Mliu_01
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Corona CA
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Can anyone give a ball park number of bond fed is holding? And what fed was holding two years ago.

Uncle sam, Don't worry, Benanke got your back!


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A good guy gets friendship, a bad guy gets laid.
J6P get the bills, Bankers get the bonus.

Last modified: 2009-06-18 13:20:54 by mliu_01

2009-06-18 13:12:44
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Nemesis
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Canada
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That's an average of 33B per auction. There's that #33 popping up again.

2009-06-18 13:23:24
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Mliu_01
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Corona CA
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Freedom Bond is on its way. Buy freedom bond to keep your freedom.



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A good guy gets friendship, a bad guy gets laid.
J6P get the bills, Bankers get the bonus.

Last modified: 2009-06-18 13:28:18 by mliu_01

2009-06-18 13:26:39
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Seven8n2
Posts: 424
Incept: 2008-04-20

SW Virginia, USA
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I think I did a dumb thing a couple of weeks ago when I did Treasury Direct for a good 5-figure amount, for 13 weeks.... at about 0.15%. Now I'm stuck til Sept. I have a couple of good solid locally owned banks (and a couple of CU's also) that offer a "no penalty 1-year CD" that pays about 2%, FDIC ins., and you can withdraw all the money once it's been in there 30 days, no penalty. I don't see much difference between this and T-bills as far as safety, and ******, for an extra 1.85%! Screw Timmeh and his T-bills.

This ties in with Gen's prediction that you need to have ready cash when and if good assets get puked up at rock bottom prices...just cash in the CD's and go shopping for them!

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" polish a turd; it's still a turd..." -Peanut (the Woozle)
2009-06-18 13:27:07
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Baldy
Posts: 6554
Incept: 2008-05-16

Pittsburgh
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Mliu_01 -
Security Type Total Par Value
US Treasury Bills (T-Bills) 18,422,636.7
US Treasury Notes and Bonds (Notes/Bonds) 562,515,798.6
Treasury Inflation-Protected Securities (TIPS)1 42,803,401.4
Federal Agency Securities2 86,369,000.0
Mortgage-Backed Securities3 427,416,191.0
Total SOMA Holdings 1,137,527,027.7
Change From Prior Week 26,675,185.8

Here is PDF of all info including new in last year http://www.newyorkfed.org/markets/soma/s....

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FY2011 Budget - Hist'l Tables (PDF 2.0 MB) http://www.whitehouse.gov/omb/budget/fy2011/assets/hist.pdf 1996-2011 budgets: http://www.gpoaccess.gov/usbudget/browse.html
2009-06-18 13:27:30
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Lplate
Posts: 2097
Incept: 2008-08-06

Australia
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http://www.marketwatch.com/story/jefferi....
Quote:
Jun 18, 2009, 8:48 a.m. EST
NEW YORK (MarketWatch) -- Jefferies & Co. has joined the ranks of the 16 other primary U.S. government security dealers that trade directly with the Federal Reserve and are required to bid at Treasury auctions. The Fed said the change is effective Thursday. The firm is the first member to join since Cantor Fitzgerald became a dealer in July 2006. Since then, the list has shrunk by seven, mostly as former dealers Merrill Lynch, Bear Stearns and Countrywide were acquired by other existing dealers. Lehman Brothers [s; lehmq] was also a dealer before it went bankrupt. Nomura Securities , CIBC World Markets and ABN Amro withdrew in the last few years.

2009-06-18 13:28:45
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