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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: morokko65 who wrote (10799)12/4/2008 6:56:12 PM
From: nspolar  Respond to of 33421
 
Yes, per a previous post somewhere I think I will stick to my plan and dump my bonds in the very near future. Like within 2 weeks or less more than likely.

I think there will be another opportunity late next year to do the same, but I don't plan to have any to dump at that point in time.

I do not follow daily because I do not have a lot of bonds, and was kind of locked in to this plan, for some time. But, it appears to me the bond shorters of recent have had nutz sawed or chewed off. Whew, the recent ramp in LT bond price was quite amazing.

Lots of instabilities in the system it appears.

TF



To: morokko65 who wrote (10799)12/5/2008 2:31:05 AM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
Yes the FED is engaged in Qantitative easing where they are buying 3 to 5 to 10 to 30 year debt, Taking the yield down so low on Govy debt that it forces the Pension funds and GLobal Macro Managers to move away from US direct Govt debt,

With it's piddlig yield and makes them look at investing in GSE government debt as well As higher yield debt such as the 10 year AAAnotes of GE that where recently yielding yields of 7.20%

John