BUnd, Bond e la bbband degli energumeni canuti VM13

Nel chiudere il 2008, vorrei ringraziare tutti voi per tutto quello che donate in questo forum ....

e con l'occasione vi AUGURO UN 2009 PIENO DI FELICITA', e in particolare un grandissimo in bocca al lupo al figlio di "feliceanima", sicurissimo che tornerà vispo come prima..


:ciao::ciao::ciao::ciao:
 
Di passaggio per fare i miei migliori auguri di buon anno a tutti.

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si lavora e si fatica per xxxx xxx xx x anche l'ultimo, fottuti merikan:D
se sul bronx fosse sempre così fazile saremmo già tutti rikki sfondati:wall::specchio::titanic:
max del box in costruzione ieri in chiusura , reverse completo oggi and nau sulla prima area resistiva del lato inferiore a 140
 
U.S. Treasuries Fall, Trimming Biggest Annual Rally Since 1995

http://www.bloomberg.com/apps/news?pid=20602007&sid=awpzxDI942xg&refer=govt_bonds#


By Daniel Kruger and Anchalee Worrachate
Dec. 31 (Bloomberg) -- Treasuries fell, trimming their biggest annual rally since 1995, as stocks rose after fewer Americans filed initial claims for jobless benefits last week.
Yields on government debt held near record lows. Treasuries returned 14.9 percent in 2008, according to Merrill Lynch & Co.’s U.S. Treasury Master index, as a housing slump triggered the longest recession since 1982.
“Stocks are higher, bonds lower -- it seems pretty rudimentary,” said Ian Lyngen, an interest-rate strategist in Greenwich, Connecticut at RBS Greenwich Capital, one of 17 primary dealers that trade directly with the Federal Reserve. “There’s nothing else going on.”
The yield on the 10-year note increased six basis points, or 0.06 percentage point, to 2.11 percent at 10:26 a.m. in New York, according to BGCantor Market Data. The yield touched 2.0352 percent on Dec. 18, the lowest on record for data going back to 1953. The price of the 3.75 percent security due in November 2018 fell 17/32, or $5.31 per $1,000 face amount, to 114 17/32.
The two-year note yield rose three basis points to 0.75 percent. It reached 0.6044 percent on Dec. 17, the lowest since regular sales of the security began in 1975.
“People would be absolutely thrilled to have nothing happen and to walk out of here this afternoon,” said Ray Remy, head of fixed income in New York at Daiwa Securities America Inc., another primary dealer. “This has been the most trying year that most people will ever live through.”
Jobless Claims
The 10-year yield may fall to 1.75 percent in the first quarter, said Marc Fovinci, head of fixed income at Ferguson Wellman Capital Management Inc. in Portland, Oregon, who helps invest $2.8 billion.
The Standard & Poor’s 500 Index gained 0.7 percent.
The Securities Industry and Financial Markets Association recommends that Treasuries trading shut today at 2 p.m. New York time for New Year’s Eve and stay shut around the world tomorrow for New Year’s Day and in Japan on Jan. 2.
The number of Americans filing first-time claims for jobless benefits dropped by 94,000 to 492,000 in the week ended Dec. 27, from 586,000 the previous week, the Labor Department said today. The median forecast in a Bloomberg News survey of economists was for a fall to 575,000.
Total jobless rolls jumped to a 26-year high, signaling worsening labor conditions as the economy heads into a second year of a recession.
Treasuries Beat Stocks
U.S. government securities trounced stocks in 2008 as the Federal Reserve cut interest rates to spur the economy and investors sought the safest securities. The Standard & Poor’s 500 Index plunged 39 percent, poised for its worst year since 1931.
The dollar headed for its steepest annual decline against the yen in more than 20 years, dropping 19 percent, on bets the Fed’s zero target lending rate will curtail demand for the U.S. currency. The Fed lowered the benchmark to a range of zero to 0.25 percent, from 1 percent, on Dec. 16.
Yields indicate the reductions made banks more willing to lend than earlier in the year. The difference between what banks and the Treasury pay to borrow money for three months, the so- called TED spread, narrowed to 1.35 percentage points from 2008’s high of 4.64 percentage points set in May. That figure was the most since Bloomberg began compiling the data in 1984.
‘Bearish’
Advance Asset Management Ltd., which oversees the equivalent of $4.01 billion, is considering buying high-rated bonds issued by banks and financial companies, said Felix Stephen, the fund’s senior investment strategist in Sydney. He holds positions that will benefit if Treasuries fall.
A Merrill index of U.S. corporate bonds yields 8.37 percentage points more than Treasuries, versus 2.91 percentage points at the end of 2007.
“I’m bearish” on government bonds, Stephen said. “The bond market sell-off will start well before growth visibility is found toward mid- to late-2009.”
Ten-year yields will climb to 3.4 percent by the end of 2009, according to a Bloomberg survey of economists, with the most recent forecasts given the heaviest weighting.
Thirty-year bonds returned 44 percent in 2008, outperforming other maturities, based on the Merrill indexes. The securities, among the most sensitive to inflation because of their long maturities, surged as the recession led traders to cut their outlook for prices in the economy.
Almost No Inflation
The U.S. economy will have contracted an annualized 4.35 percent in the fourth quarter of 2008 and return to growth in the second half of next year, a separate survey showed.
U.S. yields indicate traders expect almost no inflation for the next decade. The difference between yields on 10-year Treasury Inflation Protected Securities, or TIPS, and conventional notes, which reflects the outlook among traders for consumer prices, was four basis points. The spread was a negative eight basis points in November, the least since Bloomberg started tracking the data in 1998.
The Treasury said it will auction $8 billion in 10-year TIPS on Jan. 6.
 
ciao bbbbanda
all'anno prossimo, che vi auguro pieno di serenità
io, per me, conto sul mio umorismo ...

signori, in libertà :)
 

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