the endgame for the banks and rates and stuff

[Supercilious]

Re: the endgame for the banks and rates and stuff

Well, metalman....FYI

http://www.marketwatch.com/news/story/Treasurys-pare-earlier-losses-weather/story.aspx?guid={85400C2A-D940-4174-8219-D53E031F721B}&dist=hplatest

Two-year note yields declined 3 basis points, or 0.03%, to 1.29%. Bond prices and yields move in opposite directions.

The three-year notes sold at a yield of 1.80%, the first sale of the security since May 2007 and part the government's quarterly refunding this week.
Bids were due earlier than usual because bond trading is expected to be suspended earlier than usual Monday and remain on hold Tuesday in observance of Veterans Day.
The auction was the largest amount of three-year notes sold at one time since at least 1995.
Bidders offered $3.07 for every dollar available. At the last auction of the securities, $14 billion more than a year ago, the so-called bid-to-cover was $2.39.
The auction was met with strong demand from indirect bidders, a class of investors that includes foreign central banks, who took a high amount of the sale, David Ader, head of government bond strategy at RBS Greenwich Capital, wrote in an email.

Keep on watching keenly these auctions ...

[metalman]

Re: the endgame for the banks and rates and stuff

Well, metalman....FYI

http://www.marketwatch.com/news/story/Treasurys-pare-earlier-losses-weather/story.aspx?guid={85400C2A-D940-4174-8219-D53E031F721B}&dist=hplatest

Keep on watching keenly these auctions ...

following a similar pattern of yours, you tell the half the story that supports your position.

the day before the auction...

Treasuries Fall as U.S. Begins Note Sales, Asian Stocks Rise

Nov. 10 (Bloomberg) -- Treasuries fell for a second day before the U.S. sells $55 billion in notes and bonds this week, its biggest round of sales since 2004.

Two-year notes interrupted a rally that sent yields to the lowest since March after China announced a 4 trillion yuan ($586 billion) economic stimulus plan, helping lift Asian stocks and boosting demand for higher-yielding assets. The U.S. will start its so-called quarterly refunding with a $25 billion auction of three-year notes today.

``The increase in supply, and we're expecting more to come, will be a negative for the Treasury market,'' said Minako Iida, a strategist for non-yen debt at Barclays Capital Japan Ltd. in Tokyo. ``The short end of the market is too expensive.'' Barclays' U.S. arm is one of the 17 primary dealers required to bid at government auctions.

Two-year note yields climbed 6 basis points to 1.39 percent as of 12:19 p.m. in Tokyo, according to BGCantor Market Data. The price of the 1.5 percent security maturing in October 2010 fell 3/32, or 94 cents per $1,000 face amount, to 100 6/32.

one of these auctions is going to go the other way.

so... you buying?

[Supercilious]

Re: the endgame for the banks and rates and stuff

Two-year note yields climbed 6 basis points to 1.39 percent

one of these auctions is going to go the other way.

so... you buying?

A 6 basis point climb to 1.39% says nothing, especially when we consider that is not a historical high by any means.

Anyway and your point is ??? Oh sorry I forgot you don't have one ...

Keep on watching keenly. :rolleyes:

[metalman]

Re: the endgame for the banks and rates and stuff

A 6 basis point climb to 1.39% says nothing, especially when we consider that is not a historical high by any means.

Anyway and your point is ??? Oh sorry I forgot you don't have one ...

Keep on watching keenly. :rolleyes:

and you're pointis quite clear...

trollin', trollin', trollin'. trollin', trollin', trollin'.

[pwcmba]

Re: the endgame for the banks and rates and stuff

http://www.youtube.com/watch?v=XiCa4n_NugI&NR=1

Now here is a guy thinking ahead!

[Starving Steve]

Re: the endgame for the banks and rates and stuff

If the bidders on U.S government debt are agents for other central banks---the same foreign central banks which have their own debt to sell to the U.S--- then there is really no private market for this debt, at least not at these auctions. The bids are rigged.

If I ran a business this way, i.e, holding public auctions on my debt but controlling the auctioned price of my debt with rigged bids from other debtors, I would be in jail.:confused: