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

To: GROUND ZERO™ who wrote (14132)

6/6/2013 8:48:58 AM

From: John Pitera

Read Replies (1) | Respond to of 33421

GZ, I was just cutting her some slack.... as Jon K.... correctly pointed out that the story writers developing the scripts..seem to have their eyes glaze over when they have to tie currency movements together with interest rate movements... things like interest rate differentials and concepts like bond prices and yields being inversely correlated..... Hell I was in the Citibank dealing room.. every morning for for the morning meeting and I learned within a week, when discussing bonds, notes and bills that I always had to say I was looking for a move up in price/ down in yield...... or looking for a move up in yield/down in price.......

the floor trading team thought in futures terms (price)... the bond and bill dealers where always thinking in yield terms.... the guys running the floating rate note book.... where doing a Vulcan mind meld... and the FX forward dealers where always thinking from a different viewpoint than the Swaps desks.....

Hence my somewhat Laborious elaboration on currencies.... and the Focal point of what is the Reference currency...... etc.

JP

From: Jon Koplik 5/22/2013 1:23:29 PM
2 Recommendations Read Replies (3) of 17221

1:00 PM today / Sue Herera speaks : "and the dollar is getting hit" (it is not; it is up huge today), and

"stocks are rallying on dovish comments from Ben Bernanke"

(uh ... how does she explain the large rise in U.S. interest rates today (since Ben Bernanke testimony ?))

Jon.