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



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Does anyone know if the US2H will trade after 12-19-01?

Comments from RS (CNBC) in the bond pit after the announcement left me
wondering, when he said that the futures have traded there since 1977.  I
wasn't sure if he was implying they would not be trading going forward or
not?

I see there are US2H and US2M trading as of today?

What's the scoop on the futures (and options)?
don ewers

----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 31, 2001 2:45 PM
Subject: Re: [RT] Re: 12/19 and bonds


> I think they were looking for a way to drive down the long end of the
yield
> curve and managed to do it beautifully. The open interest in the futures
is
> huge and as someone here already pointed out, all those shorts are going
to
> have to be covered. My chart work in equities (e.g. SP weekly posted this
> weekend) has already been suggesting some pending strength. I have a
feeling
> that this move is going to add to that strength.
>
> Earl
>
> ----- Original Message -----
> From: "Dorothy K. Carter" <dorothy.carter@xxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, October 31, 2001 1:26 PM
> Subject: Re: [RT] Re: 12/19 and bonds
>
>
> > 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.
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
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> >
> >
> >
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> >
> >
> >
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http://docs.yahoo.com/info/terms/
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> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
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