|
PureBytes Links
Trading Reference Links
|
Robert:
Actually, $20 billion in bond-like instruments isn't a huge position. It sounds
like a gagging amount, but proprietary traders at large money center banks trade
positions that large. The key is: What's the duration of the instrument [$20
billion in two year US cash notes isn't that much, $20 billion in 30 year US
bonds is quite a bit more and $20 billion of non US bonds is a large and
unwieldy load] and which government issued it?
Best,
Tim Morge
Robert W Cummings wrote:
>
> Bankamerica said it bought $20 billion yep thats with a B fixed-income
> securities in the restructuring of its relationship with a
> trading/Investment firm. Media reports had the bank liquidating the entire
> 20 billion portfolio. Lot of capital been moving around of late to
> different places dealing with these Hedge Funds.
> Hedge funds needs a place to hedge themselves seems the American tax payer
> is the one there using by default.
>
> Robert
|