is blowing up. A move like this(with all the ramifications in less liquid fixed income instruments) I would have thought would have brought a few LTCM's out in the open.
Interesting article from financial times... http://news.ft.com/servlet/ContentS...y&c=StoryFT&cid=1059478586845&p=1012571727126
This has been a gift!! I hope you all made a fortune! This was like QCOM going $80 to $1000. Dr. Zhivodka
Just got to this thread, but it is a great read! Universal topics (trends of sooo many posts on this site) brought out by the thread: 1. The guru vs the market. 2.Theoretical arguments (academics) vs. trading (where you make it or are brok'en.) Nitro - you asked why people only talk about the 30 vs the 10 year, and speaking from my experience it has to do with age, experience and comfortability. My father has been in the markets since the early 1960s, and he is a classic example of a trader in his early 60s who has never taken a look at the 10 year. Why? Cause it never came into fashion until recently. In general it appears that many futures trader alwasy go back to the instruments they started with and have good results with. That has been my observation with my father and I am just thinking it is true in general. PQ
Did I see that right? The Sep ED futures moved FORTY ticks yesterday? My gawd. nitro :eek: :eek: :eek: :eek: :eek: :eek:
Reuters: US SWAPS-Big spread blow-out on mortgage hedging havoc Thursday July 31, 5:57 pm ET http://biz.yahoo.com/rf/030731/markets_swaps_3.html
.... before there's some kind of MAJOR disequilibria if this keeps up. With so much Structured Finance sloshing through the street moves like this makes the system inherently unstable. Keep on your toes. Dr. Zhivodka