And Cue Pain

The one print everyone is looking for this morning:

• IG9 10Y 135/137.5...  +9.5bps

Assuming ~$200MM DV01 and.... oh boy.

It would appear the hedge fund community has found a weakness...

Source: CMA

Comments

[vote_libertaria...]

..aaaaand stocks yawn...don't care...and discuss among themselves who was eliminated on American Idol.

(so this is kinda like a short squeeze, wouldn't that be wild if it was like VW a few years ago)

[slewie the pi-rat]

isn't everything  STILL screwed down tight?

isn't this tranche warfare with welfare money just a ginormous zero-sum poker game?

so: mrMoneybags has a bad streak, and now the IOUs underlying the game begins to shift in the meta-game

the meta-meta-game pauses...

tyler pours a stiff one...

slewie heads out to visit coins stores and chat...

bong-ho, BiCheZ!

to be continued...

[semperfi]

Cmon man!  This is nothing more than the orchestrated enabler to roll out QEX (X = 3, 4, 5 or whatever - doesn't matter - its going to double digits).  Benny & Jamie got their marching orders from their bosses over in Europe and are now in execution phase.  Don't be fooled. 

[haskelslocal]

Theories here are great, however, you all do remember the cozy releationship with The Fed right? Or the disappearance of MF Global?

This is like a teenager who's supposed to go to the movies with his allowance but instead ends up with a bag of weed and ends up in jail. Parents bail him out and say "Don't do it again son". Next day, with his new allowance, son buys a new bag of weed and tells friends how dumb his parents are.  

[mendigo]

TSTL

Does this mean we can have more QE uncle Ben?

[jmcaule4]

3rd LTRO Coming & Fed to Power Up Swap Lines This Can Bring Down the Entire Financial System If This Happens, It Will Signal A Collapse