Fleursdumal
फूल की बुराई
grafuzzo daily con historic volatility, quella implicita è sempre rimasta attorno all'8,5% con punte isolate al 9% 
il BUND: la sfida alle leggi della fisica...
- Creatore Discussione Noooo
- Data di Inizio
Fleursdumal
फूल की बुराई
la settimana prossima sarà ricchissima di dati macroeconomici, parla il nonnetto e ciliegina sulla torta, gran finale con i payrolls
i markettari oggi hanno comprato ad ora 4200 put 109, 3600 put 112 e hanno esagggerato sulla call115 scambiando ben 17000 opzioni
i markettari oggi hanno comprato ad ora 4200 put 109, 3600 put 112 e hanno esagggerato sulla call115 scambiando ben 17000 opzioni
gastronomo
Forumer storico
Short-term US Treasury yields hit 3-yr highs
Fri Feb 25, 2005 02:21 PM ET
(Adds comments, updates prices)
By Pedro Nicolaci da Costa
NEW YORK, Feb 25 (Reuters) - Short-term U.S. Treasury yields hit three-year highs on Friday after upward revisions to fourth-quarter economic growth reinforced expectations for more interest rate hikes from the Federal Reserve.
Betting that rising official rates would continue to pressure short-term debt, investors piled into longer-dated maturities and so flattened the yield curve further.
The move sent yields on the new two-year note (US2YT=RR: Quote, Profile, Research) briefly to 3.55 percent, their highest since April 2002, having fetched 3.498 percent at a poorly received auction on Thursday before the yield eased back to 3.53 percent.
In contrast, yields on the 30-year bond (US30YT=RR: Quote, Profile, Research) dipped to 4.63 percent from 4.67 percent as traders saw better value in longer-dated debt.
Also favoring longer maturities were bond-friendly comments from Fed Board Governor Ben Bernanke late Thursday. Bernanke said he thought inflation appeared well contained and he was thus comfortable with the Fed's policy of hiking interest rates at a measured pace.
Further tightening was certainly to be expected if last quarter's growth picture extends into 2005.
The government's second take on gross domestic product showed growth revised up to an annualized 3.8 percent from the 3.1 percent first reported.
A smaller trade deficit and higher investment contributed to the change, though consumption was surprisingly revised down.
"More important are the developments for the first quarter -- with durable goods being strong yesterday we could be looking at first quarter GDP of about 4 percent," said David Resler, chief economist at Nomura Securities.
That would not be good news for bond bulls, although analysts note the market has been remarkably resilient to positive economic news in recent months.
Friday was a case in point. After some initial hesitation following release of the GDP data, traders bought right back into the long-end despite the news of stronger growth, in part because of relief that core inflation was not revised higher from an initial reading of 1.6 percent.
In afternoon trade, the benchmark 10-year note (US10YT=RR: Quote, Profile, Research) was up 5/32 for a yield of 4.27 percent from 4.29 percent on Thursday. Five-year notes were flat and yielding 3.91 percent.
The spread between 10- and two-year debt was now back at 73 basis points, ever closer to a 1-1/2-year low hit two weeks ago.
Traders also suspected that month-end buying would offer some support to prices with funds that track bond indices facing a large extension in duration because of this month's refunding auctions.
Benchmark duration for the Lehman Portfolio Bond index for Treasuries is expected to lengthen by around 0.09 years compared to a 12-month average of 0.05 years.
Figures on U.S. home sales caused some confusion as the National Association of Realtors included condos for the first time but sharply revised down the previous level of existing home sales.
Thus December home sales are now reported as 5.97 million instead of the originally reported 6.69 million, and they declined slightly to 5.94 million in January. Adding in sales of condos of 858,000 gave an annual rate of 6.80 million.
Despite the downward revision to the level of single family home sales, growth was still a healthy 12.5 percent for the year and thus not especially weak.
Fri Feb 25, 2005 02:21 PM ET
(Adds comments, updates prices)
By Pedro Nicolaci da Costa
NEW YORK, Feb 25 (Reuters) - Short-term U.S. Treasury yields hit three-year highs on Friday after upward revisions to fourth-quarter economic growth reinforced expectations for more interest rate hikes from the Federal Reserve.
Betting that rising official rates would continue to pressure short-term debt, investors piled into longer-dated maturities and so flattened the yield curve further.
The move sent yields on the new two-year note (US2YT=RR: Quote, Profile, Research) briefly to 3.55 percent, their highest since April 2002, having fetched 3.498 percent at a poorly received auction on Thursday before the yield eased back to 3.53 percent.
In contrast, yields on the 30-year bond (US30YT=RR: Quote, Profile, Research) dipped to 4.63 percent from 4.67 percent as traders saw better value in longer-dated debt.
Also favoring longer maturities were bond-friendly comments from Fed Board Governor Ben Bernanke late Thursday. Bernanke said he thought inflation appeared well contained and he was thus comfortable with the Fed's policy of hiking interest rates at a measured pace.
Further tightening was certainly to be expected if last quarter's growth picture extends into 2005.
The government's second take on gross domestic product showed growth revised up to an annualized 3.8 percent from the 3.1 percent first reported.
A smaller trade deficit and higher investment contributed to the change, though consumption was surprisingly revised down.
"More important are the developments for the first quarter -- with durable goods being strong yesterday we could be looking at first quarter GDP of about 4 percent," said David Resler, chief economist at Nomura Securities.
That would not be good news for bond bulls, although analysts note the market has been remarkably resilient to positive economic news in recent months.
Friday was a case in point. After some initial hesitation following release of the GDP data, traders bought right back into the long-end despite the news of stronger growth, in part because of relief that core inflation was not revised higher from an initial reading of 1.6 percent.
In afternoon trade, the benchmark 10-year note (US10YT=RR: Quote, Profile, Research) was up 5/32 for a yield of 4.27 percent from 4.29 percent on Thursday. Five-year notes were flat and yielding 3.91 percent.
The spread between 10- and two-year debt was now back at 73 basis points, ever closer to a 1-1/2-year low hit two weeks ago.
Traders also suspected that month-end buying would offer some support to prices with funds that track bond indices facing a large extension in duration because of this month's refunding auctions.
Benchmark duration for the Lehman Portfolio Bond index for Treasuries is expected to lengthen by around 0.09 years compared to a 12-month average of 0.05 years.
Figures on U.S. home sales caused some confusion as the National Association of Realtors included condos for the first time but sharply revised down the previous level of existing home sales.
Thus December home sales are now reported as 5.97 million instead of the originally reported 6.69 million, and they declined slightly to 5.94 million in January. Adding in sales of condos of 858,000 gave an annual rate of 6.80 million.
Despite the downward revision to the level of single family home sales, growth was still a healthy 12.5 percent for the year and thus not especially weak.
f4f
翠鸟科
a vedè 'r grafiho pare ma pareFleursdumal ha scritto:
che se son accattati la put 112 vendendo la 109
e per buona misura acq call 115
cioè SE leggo le cose bene ( e manco sono un dilettante serio, neh)
si sale ...
ma come Lupin insegna, prima di parlà dovrei leggere gli OI delle opz , di oggi , di 7 gg fa e di 15 gg fa .....
e chikkaspita ha 'sti dati ?
vabbuò
buon uiken
gastronomo
Forumer storico
Buongiorno a tutti 
,
livelli sul bund per oggi
r3 119.45
r2 118.98
r1 118.80
pivot 118.51
s1 118.33
s2 118.04
s3 117.57
,livelli sul bund per oggi
r3 119.45
r2 118.98
r1 118.80
pivot 118.51
s1 118.33
s2 118.04
s3 117.57
ciubecca
Forumer storico
Agenda: I principali appuntamenti di Piazza Affari del 28 Febbraio 2005
"IL DENARO può comprare l'anima ma non la vita" Precetto Cinese
- Cda su risultati di bilancio di: Acotel, Aisoftware (anche su Q4), Art'è, Buongiorno Vitaminic, Cdb Web Tech (10,30), ePlanet, Fiat (anche su Q4), Geox, Prima Industrie, Sogefi, Tas, Txt; Eni su risultati preliminari di bilancio
- Istat, prezzi alla produzione gennaio (10,00)
- Istat, stima prezzi al consumo febbraio (11,00)
- Mondo Home Entertainment debutta all'Expandi
- Eni, conferenza stampa su risultati preliminari di bilancio (16,00)
- Geox, Cda su risultati di bilancio; segue incontro con analisti e stampa (14,00)
- Fastweb, inizia aumento di capitale; termina il 16 marzo. I diritti saranno negoziabili fino al 9 marzo
- I Grandi Viaggi, assemblea ordinaria (10,00)
- I Viaggi del Ventaglio, assemblea ordinaria (11,00)
- Fiat, fanno seguito al Cda la conferenza stampa (12,00) e la conference call su risultati trim4 e 2004 (15,00)
BRUXELLES - Dato finale prezzi al consumo gennaio, fiducia economia febbraio zona euro (11,00)
AACHEN, Germania - Intervento di Yves Mersch, membro Bce (16,00)
PARIGI - Fiducia consumatori febbraio (8,45)
WASHINGTON - Redditi e consumi reali gennaio (14,30)
- Indice Napm New York febbraio (15,00)
- Indice manifatturiero Chicago febbraio (16,00)
comprata call 32000 sentiment .......
spesi 228 pt vediamo dove va ... se va itm x pagarmi la pur 31 la mollo !
"IL DENARO può comprare l'anima ma non la vita" Precetto Cinese
- Cda su risultati di bilancio di: Acotel, Aisoftware (anche su Q4), Art'è, Buongiorno Vitaminic, Cdb Web Tech (10,30), ePlanet, Fiat (anche su Q4), Geox, Prima Industrie, Sogefi, Tas, Txt; Eni su risultati preliminari di bilancio
- Istat, prezzi alla produzione gennaio (10,00)
- Istat, stima prezzi al consumo febbraio (11,00)
- Mondo Home Entertainment debutta all'Expandi
- Eni, conferenza stampa su risultati preliminari di bilancio (16,00)
- Geox, Cda su risultati di bilancio; segue incontro con analisti e stampa (14,00)
- Fastweb, inizia aumento di capitale; termina il 16 marzo. I diritti saranno negoziabili fino al 9 marzo
- I Grandi Viaggi, assemblea ordinaria (10,00)
- I Viaggi del Ventaglio, assemblea ordinaria (11,00)
- Fiat, fanno seguito al Cda la conferenza stampa (12,00) e la conference call su risultati trim4 e 2004 (15,00)
BRUXELLES - Dato finale prezzi al consumo gennaio, fiducia economia febbraio zona euro (11,00)
AACHEN, Germania - Intervento di Yves Mersch, membro Bce (16,00)
PARIGI - Fiducia consumatori febbraio (8,45)
WASHINGTON - Redditi e consumi reali gennaio (14,30)
- Indice Napm New York febbraio (15,00)
- Indice manifatturiero Chicago febbraio (16,00)
comprata call 32000 sentiment .......
spesi 228 pt vediamo dove va ... se va itm x pagarmi la pur 31 la mollo !
Fleursdumal
फूल की बुराई
Bonjour a tout les bondaroles
ok da oggi ci si sposta sui bonds giugno 05 e un caro saluto al marzo, te possino
:smile:
ok da oggi ci si sposta sui bonds giugno 05 e un caro saluto al marzo, te possino
:smile:Similar threads
