NOB trades 2 over to 15 over 1K-2K ZN bids in pit all morning blowing everyone out, holy $hit!!!!!!! 112.10 trades out spread in cash they smell blood in the water! doesnt stop 17.5 over 112.70 this is nuts!
NOB yesterday 4 to 17 over to 7 now 2 over to negative 13 WTF is this a curve spread or a f$ck you market?! goes one direction for 30 ticks someone is getting insane!
Fed Mulls Symbolic Shift http://online.wsj.com/article/SB10001424052748704271804575405113846708620.html The issue: Whether to use cash the Fed receives when its mortgage-bond holdings mature to buy new mortgage or Treasury bonds, instead of allowing its portfolio to shrink gradually, as it is expected to do in the months ahead. Any changeâonly four months after the Fed ended its massive bond-buying programâwould signal deepening concern about the economic outlook. If the Fed's forecast deteriorates significantly, it could also be a precursor to bigger efforts to pump money into the economy. Buying new bonds with this stream of cash from maturing bondsâprojected at about $200 billion by 2011âwould show the public and markets that the Fed is seeking ways to support economic growth. It could also be a compromise that rival factions at the Fed support, as officials differ about whether and how to address a subpar recovery. Up Up and away!
today cash spread 10/30 all time high but futures nob creeps up this trade is messed up thank you fed, B gross, etc...
Tell me about it. Got to think the US yield will punch back below Bunds at this rate. Especially given the slew of positive European data. its already come in from circa 60bps to 30ish. I watched it go from par to 60 on this thread a while back no doubt I will watch it go all the way back to par and do F.A. about it.