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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: bond_bubble who wrote (45066)11/8/2005 12:58:01 PM
From: russwinter  Read Replies (1) | Respond to of 110194
 
Duration is lengthening, and because refi and purchase activity (prepayments)is falling starting in October. The caveat is a "bond rally" whereby we "wash, rinse, repeat" and restimulate more maladjusted borrowing. . The heroin dose required keeps getting more and more lethal though.

<Securities credit dropped in October. >

This may be indirectly related to mortgage generation, but picks up broader speculative lending as well.

Some typically revealing new highs quotes in a sea of red today, Leviathan and Pig Men trading desks live? The old toxic loans
idorfman.com
versus new rob Peter to pay Paul showdown rages. see CFC comments:
Message 21865393

MCO 54.74 +0.57
CME 389.71 + 1.54
MER 65.89 +0.09