Currently viewing the tag: "Financials"

HUGO A GO GO. DRY HEAT Report 9/2/14

On September 2, 2014 - 7:52 AM By

General Comment: I have commented many times in the past about how our government, through the offices of the Bureau of Labor Statistics or the U.S. Treasury Department, has “adjusted” the methods used to calculate reports of unemployment, employment and inflation, to name a few. Stats that if measured using methods of 1990 that would [...]

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Financials: Dec. Bonds are currently 16 higher, 10 Yr. Notes 6 higher at 125’26.5 and 5 Yr. Notes fractionally higher at 109’15.0. Renewed military activity between Russia and Ukraine have rallied the Bonds in “risk off” trade, flight to safety. Given the upcoming long weekend I am on the sidelines in these particular treasuries. That [...]

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Financials: Sept. Bonds are currently 10 higher at 140’27, 10 Yr. Notes 6 higher at 126’07.5 and 5 Yr. Notes 3.5 higher at 119’18.5. Bonds continue to out pace shorter term treasuries and coming close to the yearly high of 141’21 which we will use as a resistance level to trade from the short side [...]

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Financials: Sept. Bonds are currently 6 higher at 140’20, 10 Yr. Notes1 higher at 125’30 and the 5 Yr. Note fractionally lower at 119’13.2. Last week we licked our wounds and took the loss on the long 10 Yr./short Bond spread in the 13’20 premium the Bonds. The spread is currently trading at 14’22 premium [...]

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Blowhole, Wyoming. DRY HEAT Report 8/25/14

On August 25, 2014 - 8:35 AM By

Have you ever been to Jackson Hole, Wyoming? If you haven’t, you really should take a road trip there. It is one of the most beautiful places in the United States. It has become an annual gathering place for some of the most powerful people on the planet and I think it should be renamed [...]

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Financials: Sept. Bonds are currently 2 higher at 139’27, 10 Yr. Notes unchanged at 126’07 and 5 Yr. Notes 1 lower at 119’25. I am using this break to take a loss on current long 10 Yr./short Bond spreads in the 13’20 area (theoretical loss of about $1,250.00). I’m still short biased the interest rate [...]

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I’m sure most of you have heard by now of the new “Ice Bucket Challenge” sweeping the nation. This is where various celebrities pour a huge bucket of ice water over their head to collect donations for charity, most notably ALS or “Lou Gehrig” disease. So I decided to do my bit for charity and [...]

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Financials: Sept. Bonds are currently 12 higher at 139’27, 10 Yr. Notes 5.5 higher at 126’10 and the 5 Yr. Note 2.5 higher at 119’28.2. Weekly Jobless Claims were up by 21,000 vs. expectations of an increase of 5,000. The long 10 Yr./short Bond spread is currently at 13’16 (we are still in this trade) [...]

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Financials: Sept. Bonds are currently 4 lower at 139’09, 10 Yr. Notes 1 lower at 125’28.5 and 5 Yr. Notes unchanged at 119’19. We remain spread long 10 Yr./short Bonds with about at 32 point loss ($1,000.00). By Friday this spread should move one way or another after the weekly jobless claims report, business inventories, [...]

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Financials: Sept. Bonds are currently 3 lower at 139’10, 10 Yr. Notes 2 lower at 125’29 and 5 Yr. Notes 0.5 lower at 119’19.0. These markets have been quite volatile (Bonds rallied as high as 140’11 on Friday) as the markets flip-flopped on every bit of news concerning Russia-Ukraine, Iraq, Israel-Gaza hit the market. Yields [...]

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Financials: Sept. Bonds are curretly 20 higher at 139’00, 10 Yr. Notes 11 higher at 125’23.5 and 5 Yr. Notes 6 higher at 119’16.5. Renewed tensions between Russia and Ukraine and Italy’s falling back into a recession has put the market into a “risk off” position. The long 10 Yr./short Bond spread is currently at [...]

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The Windy City Trader 8/5/14

On August 5, 2014 - 10:21 AM By

Ok so I admit that I am no longer a spring chicken but didn’t realize what an old rooster I was until this weekend. We have a huge music festival in Chicago each year in August called Lollapalooza and the spelling may be wrong on that. Here comes the out of touch part. I saw [...]

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