• asiablues
    03/20/2010 - 19:47
    My take on views expressed by Jim Rogers at a BBN interview on Mar. 18 about the recent currency and trade confrontation between the US and China, the Canadian loonie and the U.S. bond market.
  • Chopshop
    03/20/2010 - 04:48
    Phinance's phavorite political prisoner, Martin Armstrong, cautions that "the EU is in dire position", on the precipice of shattering. Since "debts will never be paid and interest expenditures are the greatest transfer of wealth in history ... Western society is falling apart ... If we do not act, civil unrest will explode. The current choice is DEFAULT or HIGHER TAXES & CIVIL UNREST ... Someone has to step forward to save us or we may be doomed. It's time to wake up for this is the future of our children and their children at stake. "
  • Econophile
    03/20/2010 - 00:41
    As promised, here is the complete article, "China's Fragile Economy, Its Housing Bubble, and What It Means To Us," in a downloadable PDF. You can download it, print it out, and read the entire piece at your leisure. The conclusions aren't encouraging, for them or us.

Fixed Income Update: More Supply

Tyler Durden's picture




Submitted by Nic Lenoir of ICAP

We have a lot of fresh Treasury supply coming in this week. The last 30-Y auction put an end to a series off auctions that were coming in better than expected. However, as we had warned before that last long bond auction, the expected yield below 4% had the potential to trigger some retaliation by real money investors. Sure enoguh the scenario played out and since then yield have backed up towards 4.30%. Also as pointed out last week 3.50% on the 10Y is a relatively key psychological level.

On the 30-minute chart we see there is a fair bit of divergence, and we we have a clear reistance trend we are flirting with this morning, the lower part of the range 117-10/13 should be bought here in short term trading to play a retracement towards 118-13. Only a break there would potentially invalidate the downtrend we have been in.

Good luck trading,

Nic 

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by TumblingDice
on Mon, 10/26/2009 - 10:25
#110589

Treasury prices staying in oversold territory so comfortably indicates to me that there is further downside for some time.

It would be surprising to me if the long stocks/long treasury trade comes back anytime soon.

by jm
on Mon, 10/26/2009 - 10:43
#110596

Seems so.  I do wonder about the likelihood of yield curve inversion in the next few months...

 

 

by Lionhead
on Mon, 10/26/2009 - 12:31
#110689

Keep 'em coming Nic.

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