I think some unwinding of those steepeners began last weekend..also there are iceberg orders on TT helping those large institutions to manage their positions... :eek:
What is the nominal yield for the 30 year bond? I've searched a little, but am having trouble finding the info.
Isn't that the current yield? I was looking for the nominal yield so I can calculate from the price it's selling for what the yield is. I can look at Yahoo Finance for the current yield, which is calculated from the price, but I'm not sure what price they're using (delayed or not, the futures market, etc).
I've built a position, I'm thinking of adding the last of it today or tomorrow, it's a hedge, I think our dollar's going to fall (maybe really hard and fast) and that's how I'm going to play it. Not leveraging for now so I can take a lot of heat, but might short term once a downtrend is re-established.
TY basis is on full tilt! every one lot I put on is minimum 1250 dollar risk! My P&L whips around like a ... damn I love spooz...bonds are behaving a little better as long as you don't get caught in the 5-6 tick sweepers! ha!
So, these are the correct cash prices for the treasuries? http://www.bloomberg.com/markets/rates/ Is there always such a discrepancy between the cash price and the price of the nearest timeframe future contract price? (referring to the 30-year)
yes there is that difference is basis trading, another site to look at is http://www.espeed.com or http://www.icap.com (brokertech) P.S. that rally today was sick, someone buying 1000-2000 lots at every high (while the Ten year piddled in a 3 tick range!) and the sell off after the pit closed was gnarly as well!