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

USD

Discuss USD
 
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macrosam
United States
Posts: 190
14 years ago
Apr 7, 2010 20:08
By Steve Matthews
April 7 (Bloomberg) -- Federal Reserve Bank of Kansas City
President Thomas Hoenig said the central bank should consider
starting to raise its key interest rate sometime soon to
about 1 percent to prevent asset bubbles from emerging.
I would view a move to 1 percent as simply a continuation
of our strategy to remove measures that were originally
implemented in response to the intensification of the financial
crisis that erupted in the fall of 2008 he said today in the
text of a speech in Sante Fe, New Mexico.
redstone
bristol, UK
Posted Anonymously
14 years ago
Apr 7, 2010 19:15
FOMC very dovish USD tanking against Turk Lira and losing ground against GBP. Is it time to dump the USD ?
Mehdad
London, UK
Posts: 9
14 years ago
Apr 7, 2010 18:56
Hi Ashraf

You said "nothing will reverse yen weakness"; so is this USDJPY decline from 94.68 to 93.33 a pullback or some fundamentals have changed and we are seeing a reversal towards 86.00 ??

Many Thanks
said
mulhouse, France
Posts: 2822
14 years ago
Apr 7, 2010 16:50
Casa Fuente Corona Gorda
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 7, 2010 16:01
Ok THIS is the underly ...mea culpa
Name: 10 YEAR U.S. TREASURY NOTES (ZN) - CBOT (ELECTRONIC)/201006
Typ: Future
Chicago Board of Trade - Globex
USD
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 7, 2010 16:00
Formally correct but ..it doesn't match the price chart of the put option ... however I fail to attach the chart. Is the futures' price according to your "formula" valid for commodity futures as well?
said
mulhouse, France
Posts: 2822
14 years ago
Apr 7, 2010 13:27
macrosam
that give a yield at four and a quarter like said rick santelli yesterday at the three years bond auction?
macrosam
United States
Posts: 190
14 years ago
Apr 7, 2010 13:02
I wouldn't use the term backwardation towards interest rate futures as ultimately the futures reference the (forward) yield curve. But in your example, let's say I compare the June 10yr futures trading at 115-13 today to the September 10yr futures trading at 113-31. Why is there a decrease in price? One main reason is that the Sep 10yr future is referencing the 3% of 2/17 US Treasury as the cheapest to deliver (this is trading at 97-21) while the Sep 10yr future is referencing the 4.75% of 8/17 as its cheapest to deliver (this is trading around a price of 108-17). The cheapest-to-deliver treasury in Sept is more expensive than it is in June.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 7, 2010 7:25
I see only one issue: backwardation.
said
mulhouse, France
Posts: 2822
14 years ago
Apr 6, 2010 23:24
THANK YOU MACROSAM U TAUGHT AN INTERESTING THING
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