Anybody else short US 30 Bond

Hi BondTrader,

Based on the operation schedule, how do you know the time (i.e. 10) that the buyback will occur??

Thanks

 

All of the results are announced at around 10. Mainly in the 10:02 - 10:03 range from what I've seen.

 

ok thanks

 

It looks to me that someone knows the results early.

 

What is going on? Why the moves around 10 CT. What did I miss?

 

This is a process that ends at 10 CT. The traders that have access to real time data from the action will know how things are going earlier than a trader waiting for the result at 10. So it will not be a rocking event around 10. One can just trade the charts during the action as the results will show on the chart in real time. Is this correct?

P.S. The idea is that the move will happen towards the end of the action at 10 but not after 10.

 

Not really. They won't know the total accepted.

More info if you really want to know.
http://www.newyorkfed.org/markets/pomo_faq.html

 

Fed really did not buy $hit they might be confortable with higher yields...as long as spooz say up

 

Thanks!

 

I caught 185 till 250 on the ZN today. Bailed out just before the FOMC minutes. Chickened out.