Primary Dealer Publicly Disclosed Holdings Plunge To Lowest Since February 2007

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Tue, 04/12/2011 - 12:40 | 1161948 baby_BLYTHE
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Is the bond bubble going to prick... sending the US economy into a Second Great Depression?

Tue, 04/12/2011 - 14:02 | 1162312 SheepDog-One
SheepDog-One's picture

Yes. Either way its going into the Greatest Depression soon, with fangs dripping venom and all. Either bonds collapse, equities collapse, or both since its all fake anyway. No way out.

Tue, 04/12/2011 - 14:13 | 1162360 Bam_Man
Bam_Man's picture

Oh great. Now you've got the baby crying.

Tue, 04/12/2011 - 14:56 | 1162553 baby_BLYTHE
baby_BLYTHE's picture

I shed not one tear over this. The American people can have the "take back your country moment" any time they desire.

No one will care until it is too late and their paychecks barley buy the groceries and the gasoline needed to purchase them.

Tue, 04/12/2011 - 12:38 | 1161950 tellsometruth
tellsometruth's picture

Bullish for sure

Wed, 04/13/2011 - 04:23 | 1164410 Forensic
Forensic's picture



Saw you deliver killer Q. to Hoenig at the LSE. Been trying to track you down.

Sent details plus transcript of your comment to ZH and GATA but no bite. 

We need more people like you taking on the fraudsters:

Tue, 04/12/2011 - 12:40 | 1161955 long juan silver
long juan silver's picture

Of course, because the FRB owns it all!

Tue, 04/12/2011 - 13:00 | 1162038 MarketTruth
MarketTruth's picture

So perhaps the treasury should launch a new dollar plus outright default only on the FRB's holding of US debt. Imagine the savings to the country's citizens as a new and properly backed US currency and elimination of FRB's holding would save in interest payments over the short and especially long term.

Tue, 04/12/2011 - 13:03 | 1162055 long juan silver
long juan silver's picture

You're complicating a simple journal entry.

Tue, 04/12/2011 - 12:49 | 1161975 RobotTrader
RobotTrader's picture

Maniacal buying of bonds today.

Probably the usual suspects:

1) PBoC

2) BoJ

3) BOE

4) ECB

5) Frightened speculators, hedge funds, mo-mo junkies getting out of Dodge

Tue, 04/12/2011 - 12:54 | 1162005 lieutenantjohnchard
lieutenantjohnchard's picture

a good reason why you are such a poor trader is because you focus on everything and nothing at the same time. that's why you lose money holding positions that are in a bull market like gold and silver.

most successful traders develop a plan and work it. you spend the day throwing up ad hoc charts, which distracts your mind from your losing positions, and then project your fears and despondency onto other traders more successful than yourself.

Tue, 04/12/2011 - 13:19 | 1162108 topcallingtroll
topcallingtroll's picture

Yeah i think his posts are just fyi. While there are occasional opportunities to take advantage of ( i documented buying cyh yesterday at 25.65 average) a trader needs to stick to only a few asset.classes or a few stocks in my opinion.

Or one or two simple themes like bollinger bands, moving averages, or overbought oversold conditions and apply a basic.disciplined strategy to a larger stock or option universe

Tue, 04/12/2011 - 13:40 | 1162208 lieutenantjohnchard
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Tue, 04/12/2011 - 13:11 | 1162082 luk427
luk427's picture

Everyone bought real estate just before it crashed as well.

Tue, 04/12/2011 - 12:49 | 1161981 vast-dom
vast-dom's picture

Why the hell is my TBT bond short position NOT MAKING A KILLING TODAY? In fact, it is down big today....... What the F is going on?

Tue, 04/12/2011 - 12:53 | 1162000 rocker
rocker's picture

It always goes down with the market.  Bonds become a safe haven. So they think. Just buy more when the market stops going down.

Tue, 04/12/2011 - 13:32 | 1162179 Bob Sacamano
Bob Sacamano's picture

Long TBT = short bonds.  As graphed above, bonds are going up today (interest rates are going down).  TBT travels the same direction as interest rates, not bond prices.  You will make money when bonds go down (interest rates go up).

Tue, 04/12/2011 - 14:17 | 1162363 Bam_Man
Bam_Man's picture

Why is it going down?

Because you own it.

Tue, 04/12/2011 - 12:53 | 1161994 bogey4
bogey4's picture

"Primary Dealers most certainly do not retain the Treasury securities they purchased at auction..."

That's why they call them "dealers."

Tue, 04/12/2011 - 13:22 | 1162138 davepowers
davepowers's picture

and the FED pays them with extra aces which they store up their sleeves

Tue, 04/12/2011 - 12:52 | 1161997 Cleanclog
Cleanclog's picture

Does look like some serious curve flattening positions being put on.  Will be curious to see how 3 year comes today and how much other Treasuries in maturity area needed to be sold to make room.  Also think some dealers and others are getting twitchy again about who is on the other side of repo.  Name quality and liquidity concerns underneath.  Mini rumors.

Tue, 04/12/2011 - 12:54 | 1162007 earlthepearl
earlthepearl's picture

Seriously, I have a bundle of TBT Jan 12 Calls (Strike 48), this shit needs to move man

Tue, 04/12/2011 - 12:59 | 1162022 rocker
rocker's picture

TBT will go back up. So will TBF and PST.

Tue, 04/12/2011 - 14:18 | 1162392 Bam_Man
Bam_Man's picture

TBT is a double inverse (ultra-short) ETF.

That means that its eventual value is ZERO.

Good luck with those long-dated out-of-the-money calls.

Tue, 04/12/2011 - 13:09 | 1162080 Pepe
Pepe's picture


Tue, 04/12/2011 - 15:09 | 1162600 Sandy15
Sandy15's picture

2 years ago I labled it "the Fed Bubble."

How hard was that to figure.

So here we are just like the housing bubbble, it is about to burst and the Fed is the one hiding that fact.

Target date... mid May 2011.

Tue, 04/12/2011 - 20:35 | 1163589 Rick Masters
Rick Masters's picture

Ya really think so? Really? I'm not questinging it. You are prob more knowledgable than I am but I was hoping maybe you could shed some light on why it will burst soon. Treat me like a two year old. I do act like one so it isnt hard.

Tue, 04/12/2011 - 15:07 | 1162601 gkm
gkm's picture

Wow shocker - did it ever occur that the 2008 fiasco was a contrived collapse to liquidate fixed income off the bankster's books?  It did to me and this helps to confirm this.  It was also suggested, by me, that the suspension of MTM accounting was not to reveal losses but to not reveal GAINS for what the banksters picked up after their put to the Fed.

How else were the banksters going to take that much paper down if not with a collapse that forced a bunch of people to pick up fixed income at exactly the wrong time.  

It was the greatest heist in history hidden behind a contrived financial crisis.

Tue, 04/12/2011 - 20:39 | 1163598 Rick Masters
Rick Masters's picture

Wow. I never thought of it that way. You opened my eyes to whole different game that i didn't even think of. Wow. Thanks. Fo real.

Tue, 04/12/2011 - 15:13 | 1162621 ivars
ivars's picture

The USA debt is anyway going to crash correct, so why buy it ? I think only USD notes and  overnight deposits are safe from haircut of some level. Coming in parts very soon, the haircuts. In the end, crash will also get to USA treasuries. Gold standard excluding Treasuries or what else? No hyperinflation, that is sure.



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