Currently viewing the tag: "Metals"

Financials: June Bonds are currently 1 lower at 157’19, 10 Yr. Notes 2 lower at 127’23 and 5 Yr. Notes 1 lower at 119’26. June German Bunds are 50 lower at 156.20. If you remain short the Bund either take profits or lower your protective buy stop from 158.30 to 157.60. We have taken profits [...]

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Financials: June Bonds are currently 5 lower at 159’20, 10 Yr. Notes 5.5 lower at 128’11 and 5 Yr. Notes 4 lower at 120’03. German Bunds are 51 lower at 157.22. If you remain short Bunds either start taking profits or lower your protective buy stop from 158.90 to 158.30. We are taking profits on [...]

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Financials: June Bonds are currently 1’08 lower at 160’07, 10 Yr. Notes 5.5 lower at 128’25 and 5 Yr. Notes unchanged at 120’12.5. German Bunds are 115 lower at 158.12. The GDP number this morning was a disappointing 0.2% vs. expectations of 1.0%. If you took Monday’s recommendation to go short the Bund either take [...]

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The Windy City Trader 4/27/15

On April 27, 2015 - 3:01 PM By

Did everyone see the Bruce Jenner interview the other night? Me neither. I think I’ll just keep my teenage memory of him waving Old Glory and waving to the crowd after setting a record while winning the Decathlon during the 1976 Olympics. This Week’s Commentary Metals: Metals continue to travel up and down fairly dependable [...]

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Financials: June Bonds are currently 66 lower at 162’12, 10 Yr. Notes 3 lower at 129’09.5 and 5 Yr. Notes 2.7 lower at 120’17.7. On Wednesday 1st. quarter GDP will bew announced, currently estimated at 1.0% with many analysts predicting a touch below that number. We also have a 2 day FOMC meeting this week, [...]

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Financials: June Bonds are currently 29 higher at 164’22, 10 Yr. Notes 6 higher at 129’23 and 5 Yr. Notes 3 higher at 120’22. The prospect of a near term default on Greek debt has rallied the Bonds in a flight to quality. There is also talk of upping the Fed target for inflation to [...]

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Financials: June Bonds are currently 17 lower at 163’20, 10 Yr. Notes 2 lower at 129’20 and 5 Yr. notes fractionally lower ar 120’23. I’m still hesitant to take a position in either Bonds or 10 Yr. Notes with the German 10 Yr. trading at a yield of 0.07%, only 7 basis points from 0% [...]

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Financials: June Bonds are 14 higher at 163’29, 10 Yr. Notes 4.5 higher at 129’04 and 5 Yr. Notes 1.7 higher at 120’10. The lack of significant inflation may push %interest rates slightly lower for the moment. We are taking profits on the long 5 Yr./short 10 Yr. Spread. At the moment I am looking [...]

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The Windy City Trader. 4/13/15

On April 13, 2015 - 3:54 PM By

In a surprise move (NOT), Hillary Clinton announced she is running for president in 2016. The reality is that she has been running for president since about 1992. This Week’s Commentary Metals: The metals have pretty much traveled the way of the US Dollar of late. As the Dollar drops to support, metals rally to [...]

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Financials: June Bonds are currently 15 lower at 163’01, 10 Yr. Notes 1.5 lower at 128’24.5 and 5 Yr. Notes unchanged at 120.04. Last week saw poor auction results on the 30 Yr. pushing rates several basis points higher. We remain spread long the 5 Yr./short the 10 Yr. from the 9’02 premium the 10 [...]

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Financials: June Bonds are currently 7 lower at 164’23, 10 Yr. Notes unchanged at 129’11.5 and 5 Yr. Notes 1 lower at 120’14. Yesterday’s FOMC release of the minutes of the March meeting were nebulous at best. The word patient was removed from guidance and confirmation was given to the idea that inflation may have [...]

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The Windy City Trader 4/7/15

On April 7, 2015 - 7:49 AM By

PLAY BALL !!!! As opening day is upon us hope springs eternal for long suffering Chicago Cub fans. This is year 4 of the current rebuilding plan and year 108 of the long term rebuilding plan which gives me an idea. I’m considering writing a book (or in this case more of a short story [...]

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