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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (27259)2/25/2005 6:24:53 PM
From: mishedlo  Read Replies (1) of 110194
 
at one point today it was 3 or a spread of 36 bps

36 was a new low btw.

Prior to last week we were closing about 1-1.5 bps per day for a period of at least 2-3 weeks.
At that pace we will be close to inverting in a month.

I think .5 to .75 a day is doable.
Thus we might invert in about 2 months if Greenspan keeps hiking.

Frigging hats off to anyone shorting $irx and going long the $tnx
what a fortune there was to be made in that trade!

Russ, any comments on this discussion between marvelous Patron and I?

Did I say marvelous Patron?
I meant marbleless Patron. ggg

Mish
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