US Bond Watch

[Lafayette]

I figured we could consolidate all the bond news this week into one thread.


6/07/09
9:30PM EST

2-Year 99.156 1.31
10-Year 94.031 3.85
30-Year 93.734 4.64



Bernanke Conundrum Threatens Housing on Rising Mortgage Rates
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajgF6O.jq4E0

June 8 (Bloomberg) -- The biggest price swings in Treasury bonds this year are undermining Federal Reserve Chairman Ben S. Bernanke’s efforts to cap consumer borrowing rates and pull the economy out of the worst recession in five decades.

[FreeMama]

“They are also trying to not just look arbitrary, which makes people think ‘I can’t ever go to the bathroom because there could be a press release that the Fed changed the buybacks.’ That’s been a real concern: ‘Wow, I just went to the bathroom and lost $2 million dollars.’”


ohhh boy lol

[Lafayette]

Update before i got to bed.

11:40 PM EST

2-Year 99.094 1.34
10-Year 93.688 3.90
30-Year 93.156 4.68

[slacker921]

If you're thinking that the biggest risk is to mortgage rates.. then read this (http://economicedge.blogspot.com/2009/06/horror-bond-traders-are-white-with.html).

[stag15]

This week, the auction is for $200 billion in long bonds (10 and 30 yr), if I am not mistaken. My question is, how is the dollar not getting hammered?

[hugolp]

This week, the auction is for $200 billion in long bonds (10 and 30 yr), if I am not mistaken. My question is, how is the dollar not getting hammered?

People fearing the FED will step in?

[stag15]

People fearing the FED will step in?

But then it is only a short term gain. The shorts would then pile back in after the Fed is done.

[hugolp]

But then it is only a short term gain. The shorts would then pile back in after the Fed is done.

Obviously, but nobody wants to loose in the short run.