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Happy Boxing Monday 12/27/21

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Still working toward a 5 day cycle projection of 4755. But there's a ton of resistance indicated 4745-50. If it doesn't roll over there, next target would look like 4780-85. 

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5 hours ago, DrStool said:

Still working toward a 5 day cycle projection of 4755. But there's a ton of resistance indicated 4745-50. If it doesn't roll over there, next target would look like 4780-85. 

So there's that, but the 2-3 day cycle projection now looks 4805. 

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5 minutes ago, DrStool said:
Date Security Type Total Offering Total Publicly
Held Maturing
Net New Cash or
(Pay Down)
12/31/2021 Coupons $230,000 $80,037 $149,963
12/30/2021 Bills $145,000 $130,002 $14,998

I figured out the date is the issue date. The auction date for the coupons in the 28th and 29th. I am just not sure what the settlement date is.  Do they settle on the issue date? Not that one should do timing on this stuff but the day the money changes hands is good to know.

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To my knowledge, the payment is settled when the bond is issued, not before. That's my recollection. Price is set as of the auction date. Payment is made when issued.  I would need to reread the terms on the NY Fed website to verify.  It's been a long time. 

Pretty much like when you buy a stock. The stock hits your account and the money leaves at the same time, which is not the same as the trade date when the price was set, which was 3 days earlier. 

Aight?

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