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November 26, 2008 at 6:06 PM #309829November 26, 2008 at 6:51 PM #309374patientrenterParticipant
Well, SD R, I don’t consider myself an expert on the bond market. But for what it’s worth I am rooting around tonight (and probably for another few nights) on the construction of a 7-figure personal bet on long treasury yields going up, and on a 10-figure bet for my company.
Warning: I am cautious about govt manipulation of interest rates, so I may make it a combo bet that will pay off if the dollar declines OR Treasury yields rise. Also, I will not enter any bet when rates are off their lows. And my pay-off horizon is 1-3 years.
November 26, 2008 at 6:51 PM #309738patientrenterParticipantWell, SD R, I don’t consider myself an expert on the bond market. But for what it’s worth I am rooting around tonight (and probably for another few nights) on the construction of a 7-figure personal bet on long treasury yields going up, and on a 10-figure bet for my company.
Warning: I am cautious about govt manipulation of interest rates, so I may make it a combo bet that will pay off if the dollar declines OR Treasury yields rise. Also, I will not enter any bet when rates are off their lows. And my pay-off horizon is 1-3 years.
November 26, 2008 at 6:51 PM #309761patientrenterParticipantWell, SD R, I don’t consider myself an expert on the bond market. But for what it’s worth I am rooting around tonight (and probably for another few nights) on the construction of a 7-figure personal bet on long treasury yields going up, and on a 10-figure bet for my company.
Warning: I am cautious about govt manipulation of interest rates, so I may make it a combo bet that will pay off if the dollar declines OR Treasury yields rise. Also, I will not enter any bet when rates are off their lows. And my pay-off horizon is 1-3 years.
November 26, 2008 at 6:51 PM #309782patientrenterParticipantWell, SD R, I don’t consider myself an expert on the bond market. But for what it’s worth I am rooting around tonight (and probably for another few nights) on the construction of a 7-figure personal bet on long treasury yields going up, and on a 10-figure bet for my company.
Warning: I am cautious about govt manipulation of interest rates, so I may make it a combo bet that will pay off if the dollar declines OR Treasury yields rise. Also, I will not enter any bet when rates are off their lows. And my pay-off horizon is 1-3 years.
November 26, 2008 at 6:51 PM #309843patientrenterParticipantWell, SD R, I don’t consider myself an expert on the bond market. But for what it’s worth I am rooting around tonight (and probably for another few nights) on the construction of a 7-figure personal bet on long treasury yields going up, and on a 10-figure bet for my company.
Warning: I am cautious about govt manipulation of interest rates, so I may make it a combo bet that will pay off if the dollar declines OR Treasury yields rise. Also, I will not enter any bet when rates are off their lows. And my pay-off horizon is 1-3 years.
November 26, 2008 at 8:37 PM #309389SD RealtorParticipantPR I wish you the best!
Personally I used to try to purchase rising rate funds and such when the bond market rallied but for some reason I never could really get it right. So I stopped… As I said, I am lame at trying to predict what will happen in the bond market and even lamer at why those moves happen. My knowledge is rudimentary at best. However I watch the 10 year for my own benefit and to help clients understand the correlation between the 10 year and the long term mortgage rates.
I leave the prognostications of the bond market and the forecasting of movement to those who do it for more serious reasons.
November 26, 2008 at 8:37 PM #309753SD RealtorParticipantPR I wish you the best!
Personally I used to try to purchase rising rate funds and such when the bond market rallied but for some reason I never could really get it right. So I stopped… As I said, I am lame at trying to predict what will happen in the bond market and even lamer at why those moves happen. My knowledge is rudimentary at best. However I watch the 10 year for my own benefit and to help clients understand the correlation between the 10 year and the long term mortgage rates.
I leave the prognostications of the bond market and the forecasting of movement to those who do it for more serious reasons.
November 26, 2008 at 8:37 PM #309776SD RealtorParticipantPR I wish you the best!
Personally I used to try to purchase rising rate funds and such when the bond market rallied but for some reason I never could really get it right. So I stopped… As I said, I am lame at trying to predict what will happen in the bond market and even lamer at why those moves happen. My knowledge is rudimentary at best. However I watch the 10 year for my own benefit and to help clients understand the correlation between the 10 year and the long term mortgage rates.
I leave the prognostications of the bond market and the forecasting of movement to those who do it for more serious reasons.
November 26, 2008 at 8:37 PM #309796SD RealtorParticipantPR I wish you the best!
Personally I used to try to purchase rising rate funds and such when the bond market rallied but for some reason I never could really get it right. So I stopped… As I said, I am lame at trying to predict what will happen in the bond market and even lamer at why those moves happen. My knowledge is rudimentary at best. However I watch the 10 year for my own benefit and to help clients understand the correlation between the 10 year and the long term mortgage rates.
I leave the prognostications of the bond market and the forecasting of movement to those who do it for more serious reasons.
November 26, 2008 at 8:37 PM #309859SD RealtorParticipantPR I wish you the best!
Personally I used to try to purchase rising rate funds and such when the bond market rallied but for some reason I never could really get it right. So I stopped… As I said, I am lame at trying to predict what will happen in the bond market and even lamer at why those moves happen. My knowledge is rudimentary at best. However I watch the 10 year for my own benefit and to help clients understand the correlation between the 10 year and the long term mortgage rates.
I leave the prognostications of the bond market and the forecasting of movement to those who do it for more serious reasons.
November 27, 2008 at 4:16 AM #309444pemelizaParticipantI know a lot of others follow Mish’s thread. This is a recent post by Black Swan that echoes my current sentiments regarding treasuries.
“On the other hand, secret Fed policy could end up firming oil prices. Looking back at yesterday’s stock market rally, I couldn’t help but notice that not only were stock prices up, but oil prices were up almost 7%, and 10-yr Treasuries were up, as their yields dipped below 3% at one point. With a strong stock market and higher oil prices, a firming bond market makes no sense. Why would there be a flight to safety? There wasn’t. The only thing that makes sense on those plunging long term yields is that the Fed has started to monetize the bond market with TARP money, or some other money created out of thin air. With foreign central banks buying less US debt, how else could this have happened. Bernanke had outlined monetizing the bond market in his 11/2002 speech. That was the same speech in which he outlined the TARP. If I’m right about this, and foreign central banks catch on, the USD could sink.”
November 27, 2008 at 4:16 AM #309808pemelizaParticipantI know a lot of others follow Mish’s thread. This is a recent post by Black Swan that echoes my current sentiments regarding treasuries.
“On the other hand, secret Fed policy could end up firming oil prices. Looking back at yesterday’s stock market rally, I couldn’t help but notice that not only were stock prices up, but oil prices were up almost 7%, and 10-yr Treasuries were up, as their yields dipped below 3% at one point. With a strong stock market and higher oil prices, a firming bond market makes no sense. Why would there be a flight to safety? There wasn’t. The only thing that makes sense on those plunging long term yields is that the Fed has started to monetize the bond market with TARP money, or some other money created out of thin air. With foreign central banks buying less US debt, how else could this have happened. Bernanke had outlined monetizing the bond market in his 11/2002 speech. That was the same speech in which he outlined the TARP. If I’m right about this, and foreign central banks catch on, the USD could sink.”
November 27, 2008 at 4:16 AM #309831pemelizaParticipantI know a lot of others follow Mish’s thread. This is a recent post by Black Swan that echoes my current sentiments regarding treasuries.
“On the other hand, secret Fed policy could end up firming oil prices. Looking back at yesterday’s stock market rally, I couldn’t help but notice that not only were stock prices up, but oil prices were up almost 7%, and 10-yr Treasuries were up, as their yields dipped below 3% at one point. With a strong stock market and higher oil prices, a firming bond market makes no sense. Why would there be a flight to safety? There wasn’t. The only thing that makes sense on those plunging long term yields is that the Fed has started to monetize the bond market with TARP money, or some other money created out of thin air. With foreign central banks buying less US debt, how else could this have happened. Bernanke had outlined monetizing the bond market in his 11/2002 speech. That was the same speech in which he outlined the TARP. If I’m right about this, and foreign central banks catch on, the USD could sink.”
November 27, 2008 at 4:16 AM #309852pemelizaParticipantI know a lot of others follow Mish’s thread. This is a recent post by Black Swan that echoes my current sentiments regarding treasuries.
“On the other hand, secret Fed policy could end up firming oil prices. Looking back at yesterday’s stock market rally, I couldn’t help but notice that not only were stock prices up, but oil prices were up almost 7%, and 10-yr Treasuries were up, as their yields dipped below 3% at one point. With a strong stock market and higher oil prices, a firming bond market makes no sense. Why would there be a flight to safety? There wasn’t. The only thing that makes sense on those plunging long term yields is that the Fed has started to monetize the bond market with TARP money, or some other money created out of thin air. With foreign central banks buying less US debt, how else could this have happened. Bernanke had outlined monetizing the bond market in his 11/2002 speech. That was the same speech in which he outlined the TARP. If I’m right about this, and foreign central banks catch on, the USD could sink.”
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