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User Info 5-Yr Record... in forum [NotSoBreaking]
Patmcgroin
Posts: 4333
Incept: 2007-09-12
Chicago
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Record indirect bid. FCBs now bid indirect, so not really and apples-to-apples comparison..

Last modified: 2009-06-24 13:05:35 by patmcgroin

2009-06-24 13:05:00
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Big_bear
Posts: 2211
Incept: 2007-08-29

Florida
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-- US 5-Year Notes: Bid-To-Cover 2.58
1:01 PM ET | Dow Jones
-- US 5-Year Notes: 2.700%; 23.37% At High
1:01 PM ET | Dow Jones

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Bull Market – a random market movement which causes the average investor to mistake himself for a financial genius.
Bear Market – a six to eighteen month period during which the kids get no allowance, the wife gets no jewelry and the husband gets no sex.

2009-06-24 13:06:01
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Obseedian
Posts: 8244
Incept: 2007-07-26

RIMM Central
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http://www.treasurydirect.gov/instit/ann....

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Would you give your money to these banks? http://bankimplode.com/list/troubledbank....

Genitalia - Not just another Italian airline!
2009-06-24 13:06:07
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Asimov
Posts: 26620
Incept: 2007-08-26

east tennessee
Online
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They had to **** with the indirect number -- too much evidence.


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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.

Last modified: 2009-06-24 13:06:51 by asimov

2009-06-24 13:06:42
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Digdouggler
Posts: 2456
Incept: 2007-11-26
A True American Patriot!
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TLT on the rise

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Droppin' off my keys in the jingle mail,
**** an industry that's too big to fail.
Folks all uptight about equity
I'm chillin' in my rental with a 50" TV.
2009-06-24 13:10:42
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Xanares
Posts: 1287
Incept: 2008-11-10

London
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Aren't other central banks just printing money to buy these or are they using their dollars?

Laybe using swapline to FED to get $ to buy UST?

Seems like a ****ing club of idiot savants.

2009-06-24 13:13:05
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Big_bear
Posts: 2211
Incept: 2007-08-29

Florida
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better chance of being probed by aliens than running across a bond-vigilante ..

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Bull Market – a random market movement which causes the average investor to mistake himself for a financial genius.
Bear Market – a six to eighteen month period during which the kids get no allowance, the wife gets no jewelry and the husband gets no sex.

2009-06-24 13:14:25
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Resistance
Posts: 2722
Incept: 2008-09-26

Down the rabbit hole...
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Bondzilla's bleeding out in GS's vault...

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Our rights aren't derived from a piece of paper, they're inherent. The only question is if they are respected. We have the right to life, to due process, to be free from unreasonable search and seizure, to be free from cruel and unusual punishment. - Corba2411
2009-06-24 13:17:55
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Digdouggler
Posts: 2456
Incept: 2007-11-26
A True American Patriot!
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This may just be fun 'n games prior to the FOMC announcement.

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Droppin' off my keys in the jingle mail,
**** an industry that's too big to fail.
Folks all uptight about equity
I'm chillin' in my rental with a 50" TV.
2009-06-24 13:19:46
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Digdouggler
Posts: 2456
Incept: 2007-11-26
A True American Patriot!
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TNX now with a 35 handle, btw. 10 year is below 3.60%

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Droppin' off my keys in the jingle mail,
**** an industry that's too big to fail.
Folks all uptight about equity
I'm chillin' in my rental with a 50" TV.
2009-06-24 13:20:17
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Fred_flintstone
Posts: 5121
Incept: 2008-04-15
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Interesting comment from ZH regarding unintended (or maybe not) consequences of today's auction

http://zerohedge.blogspot.com/2009/06/ye....

Quote:
So much for the "wildly successful" 2 Yr UST auction yesterday. If you bought in: congrats - you are now under water. Looks like the 2007 special Goldman 8x leveraged HY bond issue "flip 'em" game has now moved from the to front end Treasuries.

2009-06-24 13:46:49
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Genesis
Posts: 71346
Incept: 2007-06-26
A True American Patriot!
KD^2
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They changed the rules and now a LOT of buyers that used to be NOT "indirect" are.

Gee, I wonder why the change in the classifications?

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-06-24 14:08:02
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Watermelon
Posts: 674
Incept: 2007-12-23
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Do you mean if they don't change the rules, "indirect" will be too low?

2009-06-24 14:12:47
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Genesis
Posts: 71346
Incept: 2007-06-26
A True American Patriot!
KD^2
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Right.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-06-24 14:13:05
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Watermelon
Posts: 674
Incept: 2007-12-23
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Now I see the "transparency".

2009-06-24 14:28:41
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Dude59
Posts: 770
Incept: 2007-11-08

Waiting for forclosure in Las Vegas
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So they say the Bid-to-cover was 2.58. fair enough, not great, but good.

BUT without the primary dealers the bid was less than one. Good thing that the primary dealers are REQUIRED to bid.


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The Green shoots are Gangrene.
2009-06-24 16:02:50
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Raingod
Posts: 1067
Incept: 2008-08-29

Tastes Like Chicken
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Hoping for spare change. :-/

Does this portend that it's time to pile back onto TBT?

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I have even intermittenter access than I did over the summer. No idea when I can check in.
2009-06-24 16:06:39
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