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Strategies & Market Trends : Trading futures based on intermarket trends -- Ignore unavailable to you. Want to Upgrade?

To: lee0 who wrote (25)	2/20/2002 10:50:04 AM
From: fut_trade	Read Replies (1) \| Respond to of 73

Yes, Fed operations (auctions) and a whole lot of other stuff impacts the Bond market (and stock market as well). I'm still in learning mode here. There is some feedback mechanism between both the bond and stock markets which seems to complicate things. "U.S. Treasuries kicked off the New York trading session lower on Wednesday as the market braced for an announcement of a hefty auction of two-year notes and possible rise in stocks at the opening bell."

To: lee0 who wrote (25)	2/20/2002 10:52:34 AM
From: Gamma Positive	Read Replies (3) \| Respond to of 73

Interesting thread idea. Have you guys read John Murphy's "Intermarket TA" book? I've only skimmed it. Also, speaking of TY bonds; from Briefing.com: Hearing from a primary dealer that they anticipate the 2-year size to be $25 bln (Briefing.com estimate is $26 bln). Also, they put fair value on the roll at 8 bp. However, considering the fact that Greenspan is speaking the morning of the auction, they anticipate it trading cheaper than fair value. And, to this end, they see this as an opportunity to buy on weakness (assuming no surprises from the Chairman).