|
PureBytes Links
Trading Reference Links
|
Yeah, but he was implying Rubin was back in now. Seems to be a
conflict of interest since Rubin runs the executive committe at
Citi. No question Rubin put us on the path to fiscal responsibility
but he resigned in 5/99, well before any buyback plans were in
anyones mind. I've always despised Clinton but hiring Bobby was an
outstanding move and we are all better for it.
--- In realtraders@xxxx, Daniel Goncharoff <thegonch@xxxx> wrote:
> I heard the interview, and I took his comment to mean that the idea
for
> this, or at least the philosophical approach, went back to Rubin's
> tenure as Treasury Sec. As you have pointed out, the plans go well
back
> into the Clinton administration. So it appears the bozo was right...
>
> Regards
> DanG
>
> bruce.larson@xxxx wrote:
> >
> > Some bozo on CNBC a few minutes ago is saying Rubin is behind
this.
> > Get real. The treasury sent a questionairre out to all the major
> > bond houses back in Sep 99 and asked for their feedback on a
possible
> > buyback. In Oct 99 the Treasury said the feedback was
favorable. In
> > Jan 00, the Treasury announced official buyback plans. What's
> > happening here after billions of old bonds have already been
> > reclaimed is the Treasury being forced to pay up above market
value
> > for these bonds hidden deep in some portfolios. Doesn't take a
brain
> > surgeon to figure the cost effective thing to do is to just
eliminate
> > 30 year auctions.
> > Look out for pressure on the 10s and a possible 10s-30s inversion.
> >
> > --- In realtraders@xxxx, "Dorothy K. Carter" <dorothy.carter@xxxx>
> > wrote:
> > > 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@xxxx>
> > > To: <realtraders@xxxx>
> > > 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:
> > > > 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:
> > realtraders-unsubscribe@xxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Protect your servers with 128-bit SSL encryption! Grab your copy of VeriSign's FREE guide: "Securing Your Website for business" Get it Now!
http://us.click.yahoo.com/M.WTOC/m1FDAA/cosFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|