This surely contributed to today's demand for ZB later in the day with a 262 point DOW rally. Treasuries' Scarcity Triggers Repo Market Failures http://www.bloomberg.com/apps/news?pid=20601009&sid=ae_4oQex1o1g&refer=bond By Liz Capo McCormick March 20 (Bloomberg) -- Surging demand for U.S. Treasuries is causing failures to deliver or receive government debt in the $6.3 trillion a day market for borrowing and lending to climb to the highest level in almost four years. Failures, an indication of scarcity, surged to $1.795 trillion in the week ended March 5, the highest since May 2004, and up from $374 billion the prior week.
Im short a few 10yr @ 119.15 Profit target is at least around 118.25 A top has been forming in this market since Mar 16 and we are finally starting to break. Lots of paper selling on the book in big clips tonight also. Yep the top is in boys now lets short this thing to the ground
should have come in last night and sold it overnight, sell Mortimer sell! Whole curve getting killed with BS news spooz straight up! CL acting a fool up in here up in here!
Thanks guys although i needed a good trade like that to make up for the bath I took on Thursday lol! This bitch is breaking hard and nobody is stopping it! This break suggests we test 117.20 in the 10yr rather quickly imo. Anybody spreading this shit? I am messing around with some 2yr/5yr spreads......just scalping em here and there but would like to get more in depth into this type of trading. Good Trading Guys
Hi, I'm from Europe and familar with the RTH of ES, NQ, etc (RTH is when the cash is open) but what are the RTH of the Interest Rate Products? You can use the Open Outcry hours (07:20 till 02:00 CT) but before 07:20 you have a lot of volume & activity. I'm thinking of using the Bund hours for the Interest Products in the USA because you see volume & activity picking up when Europe Interest Rate products are open. What is your opinion? Thanks, FT79
For ZB, ZN RTH=open outcry hours. If you see liquidity what's the problem with trading before 7:20 CST?