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The timing of the announcement was because they were waiting for the
officials to be sworn into office... so that's why today... I heard
----- Original Message -----
From: <chrischeatham@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 31, 2001 3:21 PM
Subject: [RT] Re: 12/19 and bonds
> Interesting. Just thinking of the "surprise" 10 year auction done by
> Treasury a few weeks back done to take pressure off the repo market.
> Now lets see what they do when there are inbalances of their own
> creation. I guess the good news is that they did it a couple of
> months early. This Treasury is turning into much more of a trader
> than I gave them credit for.
>
> Chris
>
>
> --- In realtraders@xxxx, bruce.larson@xxxx wrote:
> > Another poster here and I both agreed a while back the bond would
> top
> > out on Dec 19. December 19 is the last trade and delivery deadline
> > for December futures. There's going to be one heck of a mad
> scramble
> > when all the bond longs demand delivery come December. Who's going
> > to give'em up? Just watch. Its going to get real interesting. In
> > fact, I wouldn't be surprised if the exchange has to come in to
> alter
> > the rules. They did it for the German bobl contract in the mid 90s
> > when there was a big squeeze and the shorts couldn't deliver.
> > 30 year UK gilts are at 4.3 vs 4.5 for UK ten years. Could be a
> good
> > proxy for things to come in the US.
>
>
>
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>
>
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