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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (96599)7/9/2002 10:19:32 AM
From: Mark Adams  Read Replies (1) | Respond to of 132070
 
I've seen that in the TNX, but this seems a bit strange- the moves are very extreme, and only the 20 year AAA corps. Like someone wants very much to hold high quality long duration, enough to drive the AAA yield down to almost that of the 10 year treasury.

The Street mentioned some new bond ETFs- maybe someone is building a portfolio to fund these. Maybe it's bad data.

That article on PIMCO was distressing- as I'm seeing that very thing happen in the IPP space. Reading it makes me want to own 20 yr AAA too- they'd do quite well in a Japan scenario. <ng>