I will just keep scalping a few Pips here and there in EUR Fx to keep the tornicate on my Bond position. I have been shorting ECM on any significant rally's!
Fresh positions in bonds are often delayed until the beginning of the following week. If prices are stable Monday, a rally is likely to start Tuesday.
Steve, A monday/tuesday turn would coincide with option expiration, from what I gathered three months ago. Had the 16th marked on my calendar.
Tony, Isn't that bothering you? Everything goes green or everything goes red. Without offset. I find this extremely disturbing. 5bps to go on the 30 yr.
Hi Doc, Yes, it does bother me now that you mention it. Certain markets should be moving counter to each other, not in conjuction with each other. Not sure what the implications are there. Do you have any thoughts? As a side note: the FTSE and Nikkei broke their multi-month uptrends today. Looks like they will now lead their respective markets lower, like the NAZ/NDX is doing here. This may create some additional panic selling in everything, as we witnessed today. tony
the post 2000 "flight to garbage" into low quality stocks and junk bonds seems to be on the verge of the great unwind........ Sunday nite should be worth a Prozac or two......
Marc Faber's note on May 9 reiterates much of what's recently been said on this thread: One exerpt to the point: "speculation in equities is at least as widespread as in the commodity markets and, therefore, when asset markets will finally correct, which I expect to happen shortly, all asset markets could sell-off at the same time â the same way they also all rose in concert since October 2002. Needless to say that such a correction could lead to a temporary rebound in bond prices." http://www.gloomboomdoom.com/marketcoms/mcdownloads/060509.pdf