PullMyFinger Posted November 2, 2022 Report Share Posted November 2, 2022 I reckon trading this thing today would be like trying to draw a straight line whilst sitting on a paint shaker. Link to comment Share on other sites More sharing options...
DrStool Posted November 2, 2022 Author Report Share Posted November 2, 2022 Fed rate target falls further behind the curve. Link to comment Share on other sites More sharing options...
sandy beach Posted November 2, 2022 Report Share Posted November 2, 2022 26 minutes ago, Jorma said: Dumb but what is a symbol for a 30 day T bill, future or index Enter ZB and select futures. The choice of month should pop up. I'm too chicken, I use the micro-futures 30 yield 30YX2 https://www.interactivebrokers.com/en/trading/margin-futures-fops.php https://www.interactivebrokers.com/en/index.php?f=49778 https://www.cmegroup.com/trading/interest-rates/micro-treasury-yield-futures.html?utm_source=interactive_broker&utm_medium=organic_partner&utm_campaign=micro_ust&utm_content=interactive_broker_landing_page Link to comment Share on other sites More sharing options...
Jorma Posted November 2, 2022 Report Share Posted November 2, 2022 4 minutes ago, DrStool said: Fed rate target falls further behind the curve. Is the 3 month T bill the proper measure against the Fed Funds rate? That's what got me to thinking of the 30 day rate which I have at 3.57 Link to comment Share on other sites More sharing options...
sandy beach Posted November 2, 2022 Report Share Posted November 2, 2022 That was such a fake-out. The financial news industry had people brainwashed to consider any statement to imply a pivot. Instead we've got a terminal rate. Is that even legal? Oh the huge manatee! Link to comment Share on other sites More sharing options...
Jimi Posted November 2, 2022 Report Share Posted November 2, 2022 10 minutes ago, DrStool said: Fed rate target falls further behind the curve. You big griper... the Fed is going to make it up on volume! See?! Link to comment Share on other sites More sharing options...
sandy beach Posted November 2, 2022 Report Share Posted November 2, 2022 4 minutes ago, Jorma said: Is the 3 month T bill the proper measure against the Fed Funds rate? That's what got me to thinking of the 30 day rate which I have at 3.57 I use the IRX Index - 91-day (3 month) but it is closed now. Link to comment Share on other sites More sharing options...
sandy beach Posted November 2, 2022 Report Share Posted November 2, 2022 Bonds YTD*: Float: 0% 2-year: -5% TIPS: -12% Int Heg: -12% Hi Yld: -13% AGG: -15% Mortg: -15% 10-year: -17% Corp: -21% Emerg: -23% Int: -25% 30-year: -30% Zeros: -43% *nominal returns, tack on another 7% for real... Link to comment Share on other sites More sharing options...
Jimi Posted November 2, 2022 Report Share Posted November 2, 2022 1 minute ago, sandy beach said: That was such a fake-out. The financial news industry had people brainwashed to consider any statement to imply a pivot. Instead we've got a terminal rate. Is that even legal? Oh the huge manatee! Was wondering today whether the initial impulse - which seems routinely wrong - was, for example example today, the marginal chuckle-head who thought & positioned for, "The Fed is behind the curve - they have to raise 100 bps to retain credibility." When it doesn't happen, they are in the "Oh sh*t!" position, and have to cover... which then pushes things higher above short-cover levels, which then clears to a point, leaving nothing left to sustain price. And so, it falls back down.... Link to comment Share on other sites More sharing options...
sandy beach Posted November 2, 2022 Report Share Posted November 2, 2022 FED'S POWELL: Pausing - that is not a conversation to have now. Link to comment Share on other sites More sharing options...
Jimi Posted November 2, 2022 Report Share Posted November 2, 2022 HE JUST SAID, "BECAUSE WE HAVEN'T SEEN INFLATION COMING DOWN." JFC.... Link to comment Share on other sites More sharing options...
Jorma Posted November 2, 2022 Report Share Posted November 2, 2022 Sorry to bitch about this again, the NY Times, but damn; Fed ORDERS 4'th jumbo rate increase. Orders? Orders? Link to comment Share on other sites More sharing options...
Jimi Posted November 2, 2022 Report Share Posted November 2, 2022 That was an awesome end to his pony-show. Link to comment Share on other sites More sharing options...
Jimi Posted November 2, 2022 Report Share Posted November 2, 2022 Just now, Jorma said: Sorry to bitch about this again, the NY Times, but damn; Fed ORDERS 4'th jumbo rate increase. Orders? Orders? "Jumbo? Jumbo?" Link to comment Share on other sites More sharing options...
Jorma Posted November 2, 2022 Report Share Posted November 2, 2022 Just now, Jimi said: "Jumbo? Jumbo?" That's a technical term. Link to comment Share on other sites More sharing options...
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