Report, Bombings Cause Stir in Markets
T-bond futures June T-bonds [USM9>USM9] gained 11 ticks today as the Durable Goods report showed a significant drop (-5%) in heavy equipment purchases. Although this number was bigger than expected, and the bonds managed to get a rally out of it, the market impact was still modest because some view
Discipline Important As Low-risk Trades Scarce
T-bond futures June T-bonds [USM9>USM9] saw a little follow-through from Fridays sell-off. The only newstoday was continued rumors of the AT&T bond deal (and how big it actually will be).This will be the largest bond offering ever by a U.S. company, and it is putting a little pressure on the T-b
Dow 10K Watch Confuses on Short-term Financial Futures Cues
T-bond futures June T-bonds [USM9>USM9] sold off today, continuing their longer-term down trend. There were noreports today on the economy, and the longs were taking profits aheadof the weekend. We covered our (short-term) short position around 121 19/32 today, making a small profit. We are now bac
Look for a Pullback In June D-mark
T-bond futures June T-bonds [USM9>USM9] were off today by 16 ticks. The Feds Beige Book, a report on regional economic conditions, showed prices for goods andservices little changed. This was favorable for the bonds, not to mention forthe New York Feb buying bonds outright. Treasury Secretary Ru
Strong T-bond Rally Means Pullback Opportunity
T-bond futures A 17-tick up move in the June T-bonds [USM9>USM9]and the absence of economic reports provided us with a shorting opportunity at the 121 22/32 level. I suspect todays rally will fade in the next day or two, giving us a chance to cover at the 121 10/32 level. The market should remain
Favorable PPI Means Be On The Lookout for T-bond Buy Opportunities
T-bond futures Short-term perspective: We covered our short position in the June futures [USM9>USM9] yesterday at the 120 17/32 level. Bonds got a boost this morning from the Producer Price Index (PPI), which showed a .4% decline and eased fears somewhat of higher rates down the line, but well nee
Shorts Aplenty in S&Ps, T-bonds, and D-mark
T-bond futures Short-term perspective: The June futures [USM9>USM9] dropped slightly today on concerns of new corporate debt supply hitting the market, as well as general profit taking by longs. We established a short position on the close today at the 120 29/32 level withstops in at the 121 25/32
Opportunities In T-bonds and the D-mark
T-bond futures Short-term perspective: There were no economic reports today, and the June futures [USM9>USM9] gained slightly (three ticks) today as the market consolidated Fridays gains. We will look to sell tomorrow in the 121 15/32 area and above. Long-term perspective: Bonds are still in a
Reports Cause Surprise Activity
T-bond futures Short-term perspective: The June futures [USM9>USM9] rallied 26 ticks on a jobs report that showed unemployment increasing to 4.4 percent from 4.3 percent. The consensus was for a drop,which would have further confirmed fears of a stronger economy. Bonds were up over two points durin
Good Opportunities With Higher Market Volatility
T-bond futures Short-term perspective: Government reports showing increasing activity in retailersand housing construction showed the U.S. economy gaining strength, againfeeding fears about interest hikes later in the year. We managed to sellour longs in the June contract [USM9>USM9] this morning o
Reports Rattle Bond Market
T-bond futures Short-term perspective: The June T-bond contract [USM9>USM9] gave back Fridays gain in reaction to new reports this morning that showed evidence of inflationary pressure. The National Association of Purchasing Managers (NAPM) report jumped to 52.4, higher than anticipated. This refl
Low-risk Opportunity On The T-bonds
T-bond futures Short-term perspective: We established a long position in the June contract [USM9>USM9] yesterday (Thursday, Feb. 25) at the 120 25/32 level because the market was oversold and volatility suggested a temporary bounce.The market rallied this morning on a bullish interpretation of the