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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (73067)	3/25/2010 2:41:40 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

Treasury 7-Year Notes: 3.374%; 83.04% At High WASHINGTON (Dow Jones)--The U.S. Treasury awarded $32.00 billion in seven-year notes at Thursday's auction at a high rate of 3.374%. The Treasury received bids totaling $83.37 billion and accepted $32.00 billion. Primary dealers were awarded $15.98 billion, while indirect bidders--a category that includes foreign central banks--were awarded $13.38 billion. Indirect bidders got 42% of the total competitive; direct bidders received 8%. The bid-to-cover ratio, an indication of demand, was 2.61, Treasury said. Tenders submitted at the high yield were allotted 83.04%. The dollar price was 99.232610, and the coupon rate was set at 3.250%, or 3 1/4%. The median rate was 3.289%; that is, 50% of the amount of accepted competitive bids were tendered at or below that rate. Of the competitive bids accepted, 5% were tendered at or below the rate of 3.229%. The issue is dated March 31, 2010, and matures on March 31, 2017. The CUSIP number on the seven-year notes is 912828MV9. US TSYS/7Y: Still very choppy market action, Tsys slide lower after the 7y auction but then brief redistribution selling so far, but then a bounce higher and now market in a lower range. "Where we go from here will depend on MBS and on swaps," said one trader eyeing those sister markets. RBS head of US Tsys strategy Bill O'Donnell noted that the 7-year auction proved a "weak auction again" with 7Y bid/cover "decent against long-term averages but a little weak versus recent averages. The 50% Dealer award was the highest since the Treasury changed the bidder classification rules last June as both both Direct and Indirect bidders had relatively light books. The swirling uncertainty of the last few days, Japan's year-end and eroding market liquidity all teamed to make this a weaker than average auction." Provided by: Market News International

To: Snowshoe who wrote (73067)	3/26/2010 12:37:28 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 74559

I temporarily bought Wildan until I figured out what it does. I sold it soon after buying it. A broker phoned me one day to see if I'd buy it. I did [after a 5 minute chat]. After figuring out what it was, I bailed out because depending on California taxpayers to fund construction and other works seemed a very bad idea since they would be running out of money sooner rather than later. It was a small tranche, not even a Tonka Truckload. finance.yahoo.com I sold it before the first dip. You can see the little bump up which was my bump [in the early days of trading]. I bought it at IPO for $10 and sold it soon after for $10.50 [near enough] once I'd figured out that I was holding a disaster zone. As you can see, my forecast of disaster was right. I am currently short JPM. Also did buy some PHR [Prudential preferred which are up 10% on my buy price = again, an ill-considered IPO buy but it seemed like a good idea at the time, though not so good when the big panic happened]. Once upon a time I owned Global Crossing after the huge crash [I think that was the senior notes as I recall]. Also some ESD [some weird currency thing]. But the only biggies [dirty great Tonka Truckloads] have been QCOM and GSTRF in the last decade or so. And Techniclone for a while. And Leap Wireless spun off from QCOM, sold at the peak of about $93. Maybe something else too which I forget at the moment. I almost shorted HOV and one of the other housing stocks before the crash too. That was very tempting but for tax reasons, I didn't. NZ has odd capital gains tax rules. My plan in the early 1990s was to invest in telecomms stocks until Y2K, then switch to biotechnology. But another decade slipped into the system somehow, mostly because things seem to take a lot longer to happen than I think they will. I did wonder whether the QCOM share price went down because of some "dire" prediction by QCOM management, then, after they bought a few $billion in stock back, they realized things are not actually so bad after all and now the price is back up. Mqurice