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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:

USD

Discuss USD
 
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 21, 2011 17:33
any auction results yet ? I havent seen any.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 21, 2011 17:32
Hey Dave, interesting bullet from Ashraf on bonds.. maybe you could do a box with your 30y against this 5y.. I wish I had time to learn bonds.. do I need to know the outcome of this auction come Monday morning for any DXY implications?..
Ashraf Laidi
UK
Posted Anonymously
13 years ago
Apr 21, 2011 15:23
Today's TIPs treasury auction is at 11:30 am EST (15:30 GMT) earlier than usual due to long weekend

from MNI FX Bullets


[10:09 EDT 04/21]
US TSYS/TIPS: Barclays Capital TIPS analyst Mike Pond noted today, the
Treasury is scheduled to auction $14bn in TII April 2016s at
11:30AM. He adds that "given the negative real yields in this sector, we
expect the Treasury to floor the coupon on the issue at 0.125%, with the
dollar price trading at premium to par." He noted that "while
Wednesday's lack of breakeven widening can be viewed as a concession for
the TIPS market ahead of the auction, we still think the auction event
may come in with a tail, as the premium dollar price may discourage
investors from participating in the auction process." Thus he adds that
"post auction, we like being long the sector, as we continue to see
upside risks to near-term headline inflation. For a better breakeven
entry, we recommend selling OTM 5-year CPI caps."

BULLET: US TSYS/AUCTIONS: One dealing desk says for the 5Y
Apr 21 / 09:44 EDT
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US TSYS/AUCTIONS: One dealing desk says for the 5Y TIPS auction, 5Y
breakevens look fairly cheap on the curve, noting th at the 5Y/10Y box
has steepened into the high 20s. Cheap valuations coupled with the fact
its carry remains attractive to July should draw in real money. Other
pluses include its smaller duration. Negatives include its rather large
size, risk associated with the long holiday weekend and the shortened
session, which does not bode well for an auction set up.



Ashraf
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Apr 21, 2011 15:09
More on Philly Fed from MNI FX Bullets

S DATA: Apr Philly Fed text: "regional manufacturing activity
continued to grow in April but at a slower pace than in March. Nearly
all of the survey's broadest indicators remained positive but fell from
their readings in the previous month. Increases in input prices continue
to be widespread, and a significant percentage of firms reported
increases in prices for their own manufactured goods. The survey's
indicators of future activity fell notably this month; however, most
firms expect continued growth over the next six months."
10:03 04/21

US DATA: Apr Philly Fed mfg data: prices paid 57.1 vs 63.8, new orders
18.8 vs 40.3, employment 12.3 vs 18.2, inventories 1.7 vs 12.0,
shipments 29.1 vs 34.9. All show slowing.
10:02 04/21


Ashraf
DaveO
UK
Posted Anonymously
13 years ago
Apr 21, 2011 14:58
earnings season always needs closely watching, especially if stocks have popped down just before.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Apr 21, 2011 14:52
i miss two days rally after NY close on stock, silly. @-@
Qingyu
manchester, UK
Posts: 1763
13 years ago
Apr 21, 2011 14:51
sure, GS guys play games. but i am very worry about this rally, quit spx trade.

now i focus on usdx interaction with china yield.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 21, 2011 14:45
Qingyu, those SPX charts I sent you. You will now see that the daily chart comments overrride the one hour count because on the one hour the B? high is now broken so we can be 99% sure the correction was finished per the daily chart comment.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 21, 2011 14:12
just reading some tweet from ashraf on china rumour of possib revaluation..could some1 explain the implication this has on risk+usdx..ok thanks and much appreciated:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 21, 2011 13:36
Yes but is "our cat" really our cat !