curve flattening

Discussion in 'Financial Futures' started by dumb_mother, May 5, 2011.

what is the deal with the curve flattening

  1. pimco's position being liquidated by the people that bought it a few tics lower

    3 vote(s)
    30.0%
  2. curve is on it's way to being inverted, a long road but we are on the way

    3 vote(s)
    30.0%
  3. don't fight the fed

    1 vote(s)
    10.0%
  4. i'm making a big deal out of nothing, what a dumb mother

    3 vote(s)
    30.0%
  1. bone

    bone

    Well, they they closed out their NoB's this morning and booked a nonchalant half point. And I was a spectator.
     
    #31     Jun 27, 2011
  2. sle

    sle

    The price action today was a combination of shitty 2y auction and my former employer getting fisted by the market in the long end. I would say a 5y/30y flattener is in order here, supply tomorrow plus long end buyback plus end of month extension. But it might be a bit like peeing into the wind given the flows...
     
    #32     Jun 28, 2011
  3. bone

    bone

    I would agree that the FoB looks alot like the last week in Jan. / first week in Feb. in terms of levels and extension, my preference would be to wait on the beast to establish a trend change in lieu of strictly timing the market per se. The fisting analogy is most apropo.
     
    #33     Jun 28, 2011
  4. It's been interesting, to put it mildly...
     
    #34     Jun 28, 2011
  5. bone

    bone

    [​IMG]
     
    #35     Jul 1, 2011