MrHanky Posted March 14, 2012 Report Share Posted March 14, 2012 Kinda saw this coming,but I am still shocked that the Bernak is letting treasury yields rise and letting da boys jam stocks. 18 BP crushing on TNX...so far today,and almost 40 BP in 2 weeks. Maybe it ALL reverses by ther bell Link to comment Share on other sites More sharing options...
Dopamine Posted March 14, 2012 Report Share Posted March 14, 2012 Kinda saw this coming,but i am still shocked that tbe Bernak is letting treasury yields rise and letting da boys jam stocks. 18 BP crushing on TNX...so far today,and almost 40 BP in 2 weeks. My understanding is that Bernanke has no real control over bonds and that he can only influence them one way or the other. Pull the 10 year bond futures intraday chart if you can. There is noticable dumping in the last 3 days. Flushes out of nowhere. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 14, 2012 Report Share Posted March 14, 2012 I've been scalping the March 580 puts and 590 calls... Been a wild ride. These instruments are too hazardous for most market participants. Link to comment Share on other sites More sharing options...
Dopamine Posted March 14, 2012 Report Share Posted March 14, 2012 Back in 1987, 10 year yields approached ~10% before market took a dive. I think 2.5% is equivalent in todays terms on Ben's watch. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 14, 2012 Report Share Posted March 14, 2012 What's the chance AAPl close red today? Link to comment Share on other sites More sharing options...
gameover Posted March 14, 2012 Report Share Posted March 14, 2012 cashed in ES and YM longs from Mon. morningand now short for a daytrade 60min ES/YM bearish Link to comment Share on other sites More sharing options...
Dopamine Posted March 14, 2012 Report Share Posted March 14, 2012 I've been scalping the March 580 puts and 590 calls... Been a wild ride. These instruments are too hazardous for most market participants. Yup. My coworker is doing the same. Except that he is blowing his account. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 14, 2012 Report Share Posted March 14, 2012 Gold new LOD. Link to comment Share on other sites More sharing options...
MrHanky Posted March 14, 2012 Report Share Posted March 14, 2012 My understanding is that Bernanke has no real control over bonds and that he can only influence them one way or the other. Pull the 10 year bond futures intraday chart if you can. There is noticable dumping in the last 3 days. Flushes out of nowhere. I think they are already frontrunning the end of "twist',nobody wants to be the last one out on that trade.I was correct to dump most of my bond holdings,my broker wanted me to stay fully loaded until May or June. Market is so nutty that a huge move back the other way is possible,or just a continued bloodbath for another 40-60BP or so.Once certain levels break,it's already too late to sell..... Link to comment Share on other sites More sharing options...
gameover Posted March 14, 2012 Report Share Posted March 14, 2012 10yr futures crash not over yet200dma at 127 25and support at 126 05 Link to comment Share on other sites More sharing options...
Jimi Posted March 14, 2012 Report Share Posted March 14, 2012 Few more days of this kind of action in treasuries and I will be very tempted to go short this market. In fact I wouldn't be surprised to see some kind of a mini crash being the result of all this. Things are seriously out of whack. Agreed there. Dollar strength. Equity strength. Gold weakness. Treasury weakness. I'm pretty sure we haven't seen this relationship among assets in a while, and certainly not on any sustained basis. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 14, 2012 Report Share Posted March 14, 2012 Yup. My coworker is doing the same. Except that he is blowing his account. Folks, I'm going to say it again. These type of trades should never be more than 5% of your account, no matter how active of a trader you are. Link to comment Share on other sites More sharing options...
Jimi Posted March 14, 2012 Report Share Posted March 14, 2012 Gold new LOD. Any thought on an eventual downside target, Madness? Link to comment Share on other sites More sharing options...
MrHanky Posted March 14, 2012 Report Share Posted March 14, 2012 If rates go much higher,they will just start up the rumor mill again... Twist 2,3 and 4 QE 3,4,5 and 6 Link to comment Share on other sites More sharing options...
Jimi Posted March 14, 2012 Report Share Posted March 14, 2012 Random thought - the selloff in Treasuries began just about the time that the "credit event" determination was made for Greece. Is some counterparty on the wrong side of the CDS trade having to liquidate their treasury position to raise cash to make good on the Greek sovereign CDS? Link to comment Share on other sites More sharing options...
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