Just the typical auction setup for the dealers. They try to cheapen up notes before most auctions, especially if they feel their customers will...
The suspicious price activity after GDP can probably be contributed to dealers (Greenwich, Goldman, Citi, etc.) using any uptick or rally in the...
The gold complex is nothing to the Board of Trade, how about the 10yr note doing 1,000,000 contracts a day the last three days along with about...
We'll see if the commercial volume goes there, they love the pits, like to know who is doing what, information flow is their key day in and day...
Steve, Good analysis. They are indeed short 30yrs through the huge amount of FOB steepeners they have on (probably about 100,000 fives to...
This afternoon looked like PIMCO (through Goldman) buying about 12,000 ten years or so from 14 down to 12, then back up to 14 on the close (mostly...
They did same thing this morning, another probably 15,000 to the same levels. And locals probably just scratch again. This time no bid...
10 tick move from 11:00 to 12:00, that is fairly big, and I am talking 10yr notes.
That move was anything but gradual and smooth, it was bid size the whole way with what looked like some guys being forced to pay up around 16.5...
Morgan Stanley began selling ten years around 10:00am, all told by a little after 11:00am they had sold about 25,000 (the biggest about a 6,500...
Neither Pabst or I are saying to spread, I don't do it at all, but its adapting the spreader mentality. The yield curve has different maturities...
Exactly what Pabst said, don't be afraid to roll out the curve or toward the short end. Say if the two year is just sitting size offered all day,...
Yep, looked like a 7:30am number, maybe one of the whacked out non-farm payrolls of a couple years ago or a spike CPI/PPI. The "event risk" that...
The dip was one to be bought this morning and to hold into Philly Fed. The mortgage guys (Countrywide) were active buyers of calls right out of...
From what I understand the CBOT has the grain spreads eagled in overnight trade and I would imagine they will do the same with RTH if they offered...
In terms of a guy that just trades the e-minis and uses the pit squawk there is supposed to be a HUGE trader at Kingstree Trading in Chicago in...
I don't know if you are joking or not but Bank One (which is doing the business for the Countrywide Mortgage Service Hedging Desk) bought a...
Exactly, I wouldn't get too bullish Treasuries if there was huge demand for inflation hedges (which is essentially what TIPS are) even if they are...
Few billion, $20 billion in Treasuries, plus another $10 billion in corporate deals, and $9 billion in Freddie Mac, enough to move the market...
At least a little better volatility today, but the 30yr straddle continued to get whacked before we broke, traded down to 1-12 before it found a...
Separate names with a comma.