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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.47-0.2%Dec 5 4:00 PM EST

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To: TobagoJack who wrote (54692)9/8/2009 1:24:50 PM
From: Haim R. Branisteanu  Read Replies (1) of 218193
 
It is amazing how the bond traders are manipulating the FX market

Today the USD depreciated around 1.25% against the major currencies - mostly the EUR - at the same time a report shows that manufacturing in Germany weakened.

the 3 year auction went out at 1.375 with a 1 to 3 cover ratio - the actual yield doubled because FX manipulation.

Taking a conservative leverage of 1 to 10 this manipulation resulted in around 20% to 22% with funding cost at 0.25% to 0.3%

No wonder Buffet buys notes and bonds
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