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Trading Treasuries In 1 Simple Chart
While it is unclear if August's exuberant buy-it-all strategy will hold for September, the following chart from BofA should raise a few eyebrows. In August, practically all the gains for bonds (yield compression) occurred in the overnight session (from 8pmET to 6amET)...
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Normal trading? Well it's better than no trades at all like in Japanese govvies...
Chart: BofA
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When the cat's Fed's away the mice Fed's minions play?
Maybe it's strong demand in the rest of the world..you know, the ones who are awake in different time zones? All you need to know about treasuries is sell anything not nailed down and buy em up.
Maybe
Did you try body surfing out near LA after that storm swell?
Give up, Bank of America, really. You are just too dumb to exist, even for a TBTF bank.
Funny how yields rose 100 basis points in 2 months last year, and 80 of those basis points occurred between 5AM and 9:30AM. So what?
All you need is to get your hands on some of that 50 year Spanish paper, its the lock of the century!
Funny how every month for the last 5, the sh&t banks and hedgies open the month with all ammo to short treasuries, and the supply/demand that follows pushes yields back lower. "Convenient" surveys like ISM and PMI seem to be wearing the same jerseys - coming up with ridiculous "beats" that have no bearing with reality.
What a shister, corruptfest. Worthless people.
It seems like saving "the financial system" is an every-other generation occurance in the US. I guess it's better than the (old) Italian system.
Why would any self-respecting market manipulator (central bank) want to play in the middle of the day, when everyone is watching and might lean into the other side of the trade? Do it on the overnight through futures contracts, push the price where you want it and it'll be easier to defend during cash market hours.
Just ask our gold stacking friends who get womped with 12 kajillion paper-contract sales every morning before the market opens.
Just like how virtually all of S&P gains from 666 to 2,000 have all happened during market closed hours.
And Tuesdays. And POMO days. And days ending in y.
Mmmmmmm, Spain, Yum!
Look at the TLT chart for 2014. T-bonds have sold off sharply during the first 3-4 trading days of almost every month since this rally began in early January. Then quickly filled all gaps, regained all those losses and made new YTD highs. August was an exception, in that there was no initial sell-off. BTFD, bitchezzzz.
Gradually this time. Watch for bogus jobs report Friday, then add.
Had not noticed that.............very perceptive grasshopper.
I thank you.
What if retail businesses acted the same way?
What if Macy's had a sale on their goods that only ran while the store was closed?
Then people would understand what is going on.
Shoppers would be irate.
"I'm sorry, ma'am, but that sale ended when the doors opened. Ma'am, would you please stop hitting me? Could you tell your husband to let go of my neck?"
I just cannot believe that these Fed Reserve sociopaths have printed so much ...... it is astounding that they think they can bluff their way out. I don't care who writes the history books on this one ..... Weill, Greenspan, Rubin, Bernanke, Yellen ... will all have hate attached to their names.