Goldman prop still adding short 10yr vol at the Feb 107 strike which expires on Friday. They are selling Feb 107 puts covered against futures...
Somebody is dumping size or hedging size ahead of tomorrow's 2yr note auction. After Monday's trade the 2yr futures lost 20,000 in open interest...
We are still in a pretty weak period in terms of seasonals as it is Japanese fiscal year end. Up until Thursday after CPI by many accounts they...
Most volatilty bulls in the Chicago options pits have been carried out on stretchers since about 1997-1998 (LTCM debacle). For the first time in...
I wouldn't worry about grasping the trend because some big accounts are on the same side as you. The mortgage servicers bought more than $1...
Cash levels are probably 4.76% and then 4.85% in the 10yr which are both spikes along a trend line as we traded back from above 5%. Market might...
Mortgage guys were right aggressively rolling down their call hedge and they have now begun to buy puts, thus momentarily defining the bottom end...
Most downside objectives were pretty close to hit today across the curve. Goldman seemed to be covering size in 10yr futures for some huge fund...
John I definitely agree with you, tons of supply as we get into 2007. Last year was a bit nuts in the first three months as most of the Asian...
Does anyone realize that Lacker was quite hawkish? He said Fed still worried about inflation data and growth was back toward 3%. Still not...
I agree. Wouldn't put too much stock into PIMCO talk after their position has been taken. They have been long size in the front end for over a...
no hard feelings. you seem to have a great market opinion. let it be heard and attack our opinions as much as you want. just don't attack...
That is what I squawk, pretty much all options. On dead days those flows move the markets more often than not for a few ticks here and there and...
At least as swap spreads have been narrowing since the summer from around 60 basis points to the 10yr treasury to less than 50 basis points now...
I'm not sure if this has anything to do with the structured credit stuff but Wells Fargo has been getting bigger and bigger every quarter with...
Volume was heavy as reported by ICAP on cash, I think something like 200 billion traded and futures in all contracts were heavy volume. The 10yr...
Sorry to piss you off. I was just putting out there what I heard. And by the way, since you know everything about the 2% of the volume that goes...
Not so sure about that thin volume holiday statement. 10yr futures traded nearly 1.5 million contracts on the day, far from thin, in fact that is...
Actually heard the same that one of the West Coast money managers (PIMCO or WAMCO, both are huge) was getting out of bunds, not sure if it was to...
Yep, they are doing pretty well with vol back below 4% in March, which is where most of the shorts are. They actually covered lots of their Jan...
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