tag:blogger.com,1999:blog-34323687.post1432571540660142030..comments2024-03-29T03:19:56.674+00:00Comments on Macro Man: Bonds Get KervieledMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-34323687.post-80538754509447075282008-02-16T08:43:00.000+00:002008-02-16T08:43:00.000+00:00Have a good one MM ... I was in Austria last week ...Have a good one MM ... <BR/><BR/>I was in Austria last week and those slopes, whereever they are, sure make for some good fun. <BR/><BR/>ClausCVhttps://www.blogger.com/profile/16843402165210120665noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-63767811969178595302008-02-16T00:57:00.000+00:002008-02-16T00:57:00.000+00:00i stil think trouble is brewing in libor land ...s...i stil think trouble is brewing in libor land ...siv's are again struggling to fund and there has been some forced cdo liquidations this week as mentioned previously my fav trade aside from the schatz/tnote steepener from 2 weeks ago is to be short any front stir (ed, stg, euribor) v long 2nd contract or receive the matched maturity ois...get ready for the feb/may/aug/nov credit panic to hit this month...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-82328379872684991702008-02-15T18:56:00.000+00:002008-02-15T18:56:00.000+00:00Sorry, the above should have read "the expected le...Sorry, the above should have read "the expected level of rates fell and bond yields rose."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-81808153116215459422008-02-15T18:53:00.000+00:002008-02-15T18:53:00.000+00:00Macroman,Could just be bonds fell because they sto...Macroman,<BR/><BR/>Could just be bonds fell because they stopped rising.<BR/><BR/>Sound glib but its not. The market expected a direct correlation between rate cuts and bond yields. The trade is a no-brainer for deflationistas, and apparently the bond market is rife with them.<BR/><BR/>Only, post-1/22, rate cut expectations fell and bond yields rose. The deflationistas became anxious, and then ran for the hills. <BR/><BR/>What they missed, perhaps, is that inflation is accelerating everywhere but here (in the U.S.).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-72767464261627550252008-02-15T13:46:00.000+00:002008-02-15T13:46:00.000+00:00one word: convexity. enjoy the slopes!one word: convexity. enjoy the slopes!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-76056570298894391882008-02-15T11:30:00.000+00:002008-02-15T11:30:00.000+00:00Since I enjoy reading your market observations I w...Since I enjoy reading your market observations I will provide you with a higher level of understanding of what your next week in the slopes will be like. <BR/><BR/>Unlike the markets this forecast is more likely to be accurate in the short term: <BR/><BR/>http://www.snow-forecast.com/resorts/Les-Arcs/6day/mid<BR/><BR/>Enjoy!<BR/><BR/>MSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-47904367138785589162008-02-15T10:51:00.000+00:002008-02-15T10:51:00.000+00:00i doi doAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-90921461813694510732008-02-15T10:30:00.000+00:002008-02-15T10:30:00.000+00:00MMhave fun next week !while you slide off the slop...MM<BR/>have fun next week !<BR/><BR/>while you slide off the slopes, the equity markets, USDJPY, USDGBP and yields will be sliding off as well ..<BR/>except TRY which will hopefully be taking the ski-lift upwards<BR/><BR/>take care<BR/>Peterspagettihttps://www.blogger.com/profile/12141785799734886089noreply@blogger.com