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Re: [RT] Re: 12/19 and bonds



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I saw Under Secy Tsy for domestic finance on TV...  Peter R.Fisher... he was
asked why now his answer was as I quoted below...........  I repeated what
he said on TV    and yes it was announced along with the qtrly refunding
anouncement... now  vs last month    or prior to today...... according to
him.........    :-)
----- Original Message -----
From: <bruce.larson@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 31, 2001 4:00 PM
Subject: [RT] Re: 12/19 and bonds


> Huh?  The Treasury announced the suspension of the 30 year as part of
> its quarterly refunding anouncement.
>
> http://www.treas.gov/press/releases/po749.htm
>
>
>
> --- In realtraders@xxxx, "Dorothy K. Carter" <dorothy.carter@xxxx>
> wrote:
> > 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@xxxx>
> > To: <realtraders@xxxx>
> > 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.
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>


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