Derivati USA: CME-CBOT-NYMEX-ICE BUND, TBOND and the middle of the guado (VM 69)
- Creatore Discussione masgui
- Data di Inizio
masgui
Forumer storico
goooood morning bbbbanda
eeeeh Quicks ...
è un mercato di serie B il nostro
anche se imho il peso 'trainante' dello spoore, tuttora incontestabile, è in declino
mentre credo che il Dax potrebbe guadagnare di importanza come leader
ecco il mostro:
http://www.commbank.com.au/personal/apply-online/download-printed-forms/ADB2642.pdf
f4f
翠鸟科
?? quello di jeri ??
se è quello, è un'altra esotica simile alle opzioni package
la soluzione chiusa non si può fare dato che non è determinato il quantum di ciascuna scelta
allegata dimostrazione per simulazione dei diversi andamenti
e esempio di impatto vola
f4f
翠鸟科
Madiba
Forumer storico
Fernando'S
Forumer storico
visto così te dici short per via del vix
può essere ma non è la mia view
il Prudente è ancora long dappertutto
non vedo un minimo sul vix ... però è in area di recenti supporti con l'indicatore sui minimi
P.S. nell'atto terzo cantano " l'ora è giuntaaaaaaaaaaa "
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Des Grieux (che ha guardato attentamente i soldati) Ecco là l'uomo. È quello! [indicando uno.[il picchetto col Sergente rientrano in caserma. Lescaut, allegro, ponendo la mano sulla spalla a Des Grieux.È l'Havre addormenta!.. L'ora è giunta!..[si avvicina a la caserma, scambia un rapido cenno col soldato di guardia che passeggiando si allontana; poi si appressa alla finestra del pianterreno, piccha con precauzione alle sbarre di ferro. Des Grieux immobile, tremante, guarda; i vetri si aprono e appare Manon. Des Grieux corre a lei.
Des Grieux (con voce soffocata) Manon!..[le sue mani si avvinghiano alle sbarre.
Manon (piano con immenso abbandono) Des Grieux!..
20[Manon sporge le mani dall ferriata; Des G. le baccia con febbrile trasporto.Lescaut (guardando Manon) Al diavolo l'America!.. No, il Nuovo Mondo non avrà Manon! ** [s'allontana da destra. 25 Des G. Abbandonarti? Mai! Se t'ho seguita per la lunga via fu perchè fede mi regnava in core 30 Man. (con mestizia) Tua... fra poco!..
:sorpresa:
Ultima modifica:
Fleursdumal
फूल की बुराई
asta irlandese andata , stasera la fed
Ireland’s debt sale — well received, thank you very much
Posted by Izabella Kaminska on Sep 21 10:38. Results of Ireland’s highly watched bond auction are out, and the news is double-edged.
Yes, Ireland did get €1bn of 2018 and €500m of 2014 bonds sold, but the country had to pay handsomely to get the debt away. The yield on the 2018 issue came in at an average 6.023 per cent, while the average on the 2014 issue was 4.767 per cent.
And with the ECB’s Securities Markets Programme a prominent buyer of Irish debt, it’s perhaps not so surprising that the National Treasury Management Agency’s 15 recognised primary dealers feel comfortable getting involved.
Given the above, credit default swaps on Irish government debt fell 25 basis points to 421.5, according to data provider CMA.
Separately, Spain managed to sell €5.28bn worth of 12-month treasury bills, €1.757bn worth of 18-month treasury bills at bid-to-cover ratios of 1.7 and 2.9 respectively, versus 2.5 and 3.9 before. The sum was the maximum target for the auction.
The average yield on the 12-month issue was 1.908 per cent versus 1.836 per cent at the last auction, and 2.146 per cent at the 18-month auction, versus 2.078 per cent at the last.
The spread between Spanish 10-year debt and German bunds, meanwhile, also narrowed after the sale to 171 basis points, according to Bloomberg.
So that’s well received all round, thank you very much (although do please keep ignornig the big ECB elephant in the room).
Ireland’s debt sale — well received, thank you very much
Posted by Izabella Kaminska on Sep 21 10:38. Results of Ireland’s highly watched bond auction are out, and the news is double-edged.
Yes, Ireland did get €1bn of 2018 and €500m of 2014 bonds sold, but the country had to pay handsomely to get the debt away. The yield on the 2018 issue came in at an average 6.023 per cent, while the average on the 2014 issue was 4.767 per cent.
And with the ECB’s Securities Markets Programme a prominent buyer of Irish debt, it’s perhaps not so surprising that the National Treasury Management Agency’s 15 recognised primary dealers feel comfortable getting involved.
Given the above, credit default swaps on Irish government debt fell 25 basis points to 421.5, according to data provider CMA.
Separately, Spain managed to sell €5.28bn worth of 12-month treasury bills, €1.757bn worth of 18-month treasury bills at bid-to-cover ratios of 1.7 and 2.9 respectively, versus 2.5 and 3.9 before. The sum was the maximum target for the auction.
The average yield on the 12-month issue was 1.908 per cent versus 1.836 per cent at the last auction, and 2.146 per cent at the 18-month auction, versus 2.078 per cent at the last.
The spread between Spanish 10-year debt and German bunds, meanwhile, also narrowed after the sale to 171 basis points, according to Bloomberg.
So that’s well received all round, thank you very much (although do please keep ignornig the big ECB elephant in the room).
Fleursdumal
फूल की बुराई
Ambrosio sul lancio dall'elicottero
QE2 in round trillions
By Ambrose Evans-Pritchard Economics : September 20th, 2010
180 Comments http://blogs.telegraph.co.uk/financ...00007647/qe2-in-round-trillions/#dPostComment
Here is a back-of-an-envelope guess by David Greenlaw at Morgan Stanley on what the Fed can expect from a second blitz of bond purchases, or `Shock & Awe’ as he calls it.
If Ben Bernanke does a further $2 trillion (on top of the $1.7 trillion already in the bag) the yield on 10-year US Treasuries will drop 50 basis points to around 2.2pc.
GDP growth will be 0.3pc higher than otherwise in 2011 and 0.4pc higher in 2012.
The unemployment rate will be 0.3pc lower in 2011 and 0.5pc lower in 2012 — (in other words drop from 9.6pc to 9.1pc, ceteris paribus).
That looks like trivial returns for a collosal adventure into the unknown, with risks of dollar flight and mounting Chinese suspicions that the US intends to default on its external debts by debasement.
I had dinner recently with a former Goldman Sachs hedge fund guru, and while I can’t remember the exact details through a fog of Mersault Premier Cru, I am pretty sure he said it would take $30 trillion to do the job – given the scale of wealth destruction from the US property crash and ferocity of debt deleveraging still to come.
We will find out tomorrow whether Fed hawks from such districts as Dallas, Richmond, Kansas, and Philadelphia are really willing to sign off so soon on the next helicopter drop. It seems very strange that they should do so when the official line is that there will be no economic double-dip, and that this Summer’s slowdown is just a mid-cycle correction.
Bernanke said at Jackson Hole that the Fed would hit the button “if the outlook were to deteriorate significantly”. Has that standard been met? I happen to think that the underlying conditions have been buckling for months – if you look at forward-looking indicators rather than backward-looking indicators (the internals of the ISM for example) – and that the economy is slowing to stall speed as the inventory boost wears off, housing support is snatched away, and fiscal tightening bites.
BUT THAT IS NOT THE FED’S STATED VIEW. If it were to sign off on fresh QE as cavalierly as some analysts seem to suppose, it would invite ridicule. Such action would suggest there really is a Bernanke Put, a safety net for asset prices, investors, and the rich.
Whatever Bernanke may think in private – and I am sure that he would dearly like to get ahead of the curve with fresh `credit easing’ [his term] to limit the tail-risk of deflation – he cannot even command the unity of the Fed Board in Washington. Kevin Warsh seems to share much of the scepticism of the hawks.
On another note: here is a chart from the Morgan Stanley Strategy Forum on the main tradable currencies:
It speaks for itself. Sterling is the most undervalued. The Aussie and Kiwi are the most stretched. No wonder Goldman Sachs is advising clients to go long sterling/short kiwi as one of their top trades.
There again, mean reversion always looks deliciously simple but never quite works the way you think.
QE2 in round trillions
By Ambrose Evans-Pritchard Economics : September 20th, 2010
180 Comments http://blogs.telegraph.co.uk/financ...00007647/qe2-in-round-trillions/#dPostComment
Here is a back-of-an-envelope guess by David Greenlaw at Morgan Stanley on what the Fed can expect from a second blitz of bond purchases, or `Shock & Awe’ as he calls it.
If Ben Bernanke does a further $2 trillion (on top of the $1.7 trillion already in the bag) the yield on 10-year US Treasuries will drop 50 basis points to around 2.2pc.
GDP growth will be 0.3pc higher than otherwise in 2011 and 0.4pc higher in 2012.
The unemployment rate will be 0.3pc lower in 2011 and 0.5pc lower in 2012 — (in other words drop from 9.6pc to 9.1pc, ceteris paribus).
That looks like trivial returns for a collosal adventure into the unknown, with risks of dollar flight and mounting Chinese suspicions that the US intends to default on its external debts by debasement.
I had dinner recently with a former Goldman Sachs hedge fund guru, and while I can’t remember the exact details through a fog of Mersault Premier Cru, I am pretty sure he said it would take $30 trillion to do the job – given the scale of wealth destruction from the US property crash and ferocity of debt deleveraging still to come.
We will find out tomorrow whether Fed hawks from such districts as Dallas, Richmond, Kansas, and Philadelphia are really willing to sign off so soon on the next helicopter drop. It seems very strange that they should do so when the official line is that there will be no economic double-dip, and that this Summer’s slowdown is just a mid-cycle correction.
Bernanke said at Jackson Hole that the Fed would hit the button “if the outlook were to deteriorate significantly”. Has that standard been met? I happen to think that the underlying conditions have been buckling for months – if you look at forward-looking indicators rather than backward-looking indicators (the internals of the ISM for example) – and that the economy is slowing to stall speed as the inventory boost wears off, housing support is snatched away, and fiscal tightening bites.
BUT THAT IS NOT THE FED’S STATED VIEW. If it were to sign off on fresh QE as cavalierly as some analysts seem to suppose, it would invite ridicule. Such action would suggest there really is a Bernanke Put, a safety net for asset prices, investors, and the rich.
Whatever Bernanke may think in private – and I am sure that he would dearly like to get ahead of the curve with fresh `credit easing’ [his term] to limit the tail-risk of deflation – he cannot even command the unity of the Fed Board in Washington. Kevin Warsh seems to share much of the scepticism of the hawks.
On another note: here is a chart from the Morgan Stanley Strategy Forum on the main tradable currencies:
It speaks for itself. Sterling is the most undervalued. The Aussie and Kiwi are the most stretched. No wonder Goldman Sachs is advising clients to go long sterling/short kiwi as one of their top trades.
There again, mean reversion always looks deliciously simple but never quite works the way you think.
quicksilver
Forumer storico
P.S. nell'atto terzo cantano " l'ora è giuntaaaaaaaaaaa "
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Des Grieux (che ha guardato attentamente i soldati) Ecco là l'uomo. È quello! [indicando uno.[il picchetto col Sergente rientrano in caserma. Lescaut, allegro, ponendo la mano sulla spalla a Des Grieux.È l'Havre addormenta!.. L'ora è giunta!..[si avvicina a la caserma, scambia un rapido cenno col soldato di guardia che passeggiando si allontana; poi si appressa alla finestra del pianterreno, piccha con precauzione alle sbarre di ferro. Des Grieux immobile, tremante, guarda; i vetri si aprono e appare Manon. Des Grieux corre a lei.
Des Grieux (con voce soffocata) Manon!..[le sue mani si avvinghiano alle sbarre.
Manon (piano con immenso abbandono) Des Grieux!..
20[Manon sporge le mani dall ferriata; Des G. le baccia con febbrile trasporto.Lescaut (guardando Manon) Al diavolo l'America!.. No, il Nuovo Mondo non avrà Manon! ** [s'allontana da destra. 25 Des G. Abbandonarti? Mai! Se t'ho seguita per la lunga via fu perchè fede mi regnava in core 30 Man. (con mestizia) Tua... fra poco!..
fede... emilio?
f4f
翠鸟科
oooooff topic of the day 
The forbearing use of power does not only form a touchstone, but the manner in which an individual enjoys certain advantages over others is a test of a true gentleman. The power which the strong have over the weak, the employer over the employed, the educated over the unlettered, the experienced over the confiding, even the clever over the silly--the forbearing or inoffensive use of all this power or authority, or a total abstinence from it when the case admits it, will show the gentleman in a plain light
The gentleman does not needlessly and unnecessarily remind an offender of a wrong he may have committed against him. He cannot only forgive, he can forget; and he strives for that nobleness of self and mildness of character which impart sufficient strength to let the past be but the past. A true man of honor feels humbled himself when he cannot help humbling others.
The forbearing use of power does not only form a touchstone, but the manner in which an individual enjoys certain advantages over others is a test of a true gentleman. The power which the strong have over the weak, the employer over the employed, the educated over the unlettered, the experienced over the confiding, even the clever over the silly--the forbearing or inoffensive use of all this power or authority, or a total abstinence from it when the case admits it, will show the gentleman in a plain light
The gentleman does not needlessly and unnecessarily remind an offender of a wrong he may have committed against him. He cannot only forgive, he can forget; and he strives for that nobleness of self and mildness of character which impart sufficient strength to let the past be but the past. A true man of honor feels humbled himself when he cannot help humbling others.
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