Derivati USA: CME-CBOT-NYMEX-ICE T-Bond-10y-Bund : la maledizione di f4f (vm18)

Bonjour a tout les bondaroles

ahhh si sente aria di trades short antichi :D
questa settimana e la scorsa la nl di joe ross ha avuto come argomento lo spread 30-10y
allegato il grafo che confronta l'andamento dello spread nel 2004 e quello di questo anno

1159274084us-ty2004vs2006pic1.gif


115927410502.jpg
 
ammazza che ritraccio :D

Treasuries ease in retrenchment from recent rally
Tue Sep 26, 2006
By Chris Reese

NEW YORK, Sept 26 (Reuters) - U.S. Treasury debt prices eased on Tuesday after a three-month price rally that investors said has pushed yields down to levels that are stalling further price gains.

Benchmark yields, which move inversely to prices, hit 7-month lows on Monday, and an increasing number of investors say a price rally which began in late June may have run its course.

"I do think the yield levels in general are too low -- you do need active buying to keep them at these levels, which we haven't seen this morning," said Adam Brown, director of Treasury trading at Barclays Capital in New York.

The benchmark 10-year note <US10YT> was trading 6/32 lower in price for a yield of 4.57 percent from 4.54 percent late on Monday.

The benchmark yield has fallen from about 5.25 percent in late June, with steadily rising prices, as investors have been betting a slowing U.S. economy will mean the Federal Reserve will continue to hold on any interest rate increases, and could even begin cutting rates next year.

Yields may have fallen to a point where they are bumping against technical levels that could limit any further price gains, and may mean price losses, some analysts said.

"Investor enthusiasm grows more cautious as the 10 year nears 4.5 percent," said William O'Donnell, head of U.S. interest rate strategy and research with UBS in Stamford, Connecticut.

"Overnight flows were light in Asia as anecdotes surface that portfolios will target 4.50 percent in U.S. 10 years as a place to lighten up on longs," O'Donnell said, adding "short-term technical conditions are once again at odds with our longer-term fundamental bullish view."
 
US Consumer confide recovers to 104.5 in September
Tue, Sep 26 2006 14:12 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) – The US Consumer confidence index has bounced up in September to 104.5 points, according to data published by the Conference Board.

This figures show a great recovery for consumer confidence although it has not yet regained all the ground lost in August: Nevertheless it has been sharply higher than the upwardly revised 100.2 seen in August, which, itself, was previously calculated at 99.6.

The current reading surpassed the analysts expectations of a reading around 103.0.
 
gipa69 ha scritto:
US Consumer confide recovers to 104.5 in September
Tue, Sep 26 2006 14:12 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) – The US Consumer confidence index has bounced up in September to 104.5 points, according to data published by the Conference Board.

This figures show a great recovery for consumer confidence although it has not yet regained all the ground lost in August: Nevertheless it has been sharply higher than the upwardly revised 100.2 seen in August, which, itself, was previously calculated at 99.6.

The current reading surpassed the analysts expectations of a reading around 103.0.

ce voiono fà addiventà longhisti :rolleyes:
 

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