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Posted on 2/8/18 at 8:30 pm to Thib-a-doe Tiger
ETA: Nevermind. Found the info
This post was edited on 2/8/18 at 8:33 pm
Posted on 2/8/18 at 8:35 pm to Janky
The first few years of my banking career saw the yield on the 10-year t-bond north of 10% including about 6 months above 14%. One year I got a 10 year, fixed rate certificate of deposit for my IRA with a rate of 12%/year.
6% for the 10-year bond still sounds sorta low to me.
6% for the 10-year bond still sounds sorta low to me.
Posted on 2/8/18 at 8:39 pm to LSURussian
quote:
One year I got a 10 year, fixed rate certificate of deposit for my IRA with a rate of 12%/year
To think that the bank would default to charging a penalty if you broke that CD is comical in hindsight.
Russian, you doing anything in the fixed income markets at the moment?
Posted on 2/8/18 at 8:43 pm to LSURussian
That is my point.
I have a question for you. Why do these individual fed guys from each city feel it is their responsibility to come out and talk? Do they just want camera time?
I have a question for you. Why do these individual fed guys from each city feel it is their responsibility to come out and talk? Do they just want camera time?
Posted on 2/8/18 at 8:43 pm to slackster
No.
Posted on 2/8/18 at 8:48 pm to Thib-a-doe Tiger
Yeah I don’t see that happening. If we’re lucky they’re gonna stay on pace and not increase over previous projections
Posted on 2/8/18 at 8:53 pm to Janky
quote:The district bank Presidents are pretty autonomous which is the way the Federal Reserve Act intended. On FOMC meeting days the five district Presidents who are on the committee have an equal vote to the Chairman of the Federal Reserve. And they use it.
I have a question for you. Why do these individual fed guys from each city feel it is their responsibility to come out and talk? Do they just want camera time?
At last December's meeting 2 of the members voted against Yellen's motion to raise the fed funds rate by .25%.
Think about sitting in a meeting at your company and publically voting against your bosses' proposal.
This post was edited on 2/8/18 at 8:54 pm
Posted on 2/8/18 at 8:55 pm to LSURussian
quote:
Think about sitting in a meeting at your company and publically voting against your bosses' proposal.
I ain’t scared
Posted on 2/8/18 at 8:59 pm to LSURussian
I thought this was interesting, so I figured I'd share. I found a Thinkscript on Elite Trader for a 3 day rolling pivot range. Basically, the range is calculated using the high, low, and close prices of the previous 3 trading days. Green line is the top of the range, yellow is the bottom.
The range can be used a couple of ways. You want to be long when price is above the range (which you can see happened most of January) and short below the range. You can also use the range as a stop loss. I guess you should be neutral when price is inside the range.
If you can't read the bubbles, the top of the range for tomorrow's trading is 2627.88. The bottom is 2607.46. Just something to keep in mind if trying to buy the dip. If people like it, I'll provide future updates.
The range can be used a couple of ways. You want to be long when price is above the range (which you can see happened most of January) and short below the range. You can also use the range as a stop loss. I guess you should be neutral when price is inside the range.
If you can't read the bubbles, the top of the range for tomorrow's trading is 2627.88. The bottom is 2607.46. Just something to keep in mind if trying to buy the dip. If people like it, I'll provide future updates.
Posted on 2/8/18 at 9:00 pm to southernelite
Maybe not but you can bet your sweet arse the Chairman of the Federal Reserve ain't skeered either.
Posted on 2/8/18 at 9:05 pm to LSURussian
Thanks for the answer. I just wish people that can obviously move the market would keep their mouth shut.
Posted on 2/8/18 at 9:06 pm to Omada
I'm not sure I understand what the graph tells me. The S&P 500 closed today at 2581, down 100.
So is the graph saying I should buy, sell or hold?
So is the graph saying I should buy, sell or hold?
Posted on 2/8/18 at 9:10 pm to Janky
quote:I agree. But it's obvious sometimes they talk to the press as a way to avoid surprising the markets with an unanticipated decision.
I just wish people that can obviously move the market would keep their mouth shut.
What specifically are you referring to? Did someone say something today?
Posted on 2/8/18 at 9:11 pm to LSURussian
No not today. Just the talk about rates got me thinking.
Posted on 2/8/18 at 9:21 pm to Janky
Okay, thanks. I was asking because I haven't heard of any Fed President making any statements about rates since this latest round of volatility started.
There was a FOMC meeting last week and I thought the official statement by Yellen following the meeting was pretty benign.
There was a FOMC meeting last week and I thought the official statement by Yellen following the meeting was pretty benign.
Posted on 2/8/18 at 9:25 pm to LSURussian
Sorry, I forgot to mention this graph is for the S&P futures March contract, so the numbers are a bit different from the S&P 500 index. I should also mention that the range was designed for traders planning to hold for a few days to a few weeks and to gauge bullish or bearish sentiment. That doesn't mean we can't find a use for it, though.
The range indicates that the downward trend is still alive. Obviously, price has been struggling to get back above, but a positive/bullish sign tomorrow would be closing above the top of the range. For tomorrow's trading, that's 2627.88 for the futures. For SPX, that number is 2654.12.
The range indicates that the downward trend is still alive. Obviously, price has been struggling to get back above, but a positive/bullish sign tomorrow would be closing above the top of the range. For tomorrow's trading, that's 2627.88 for the futures. For SPX, that number is 2654.12.
This post was edited on 2/8/18 at 9:27 pm
Posted on 2/8/18 at 9:27 pm to LSURussian
I think it is Dudley that is always opening his mouth.
Posted on 2/8/18 at 9:35 pm to Omada
Thanks for the explanation. 
Posted on 2/8/18 at 9:44 pm to Janky
quote:Well, as President of the New York Federal Reserve Bank he is the only "permanent", meaning non-rotating, Fed President on the FOMC.
I think it is Dudley that is always opening his mouth.
The NY President is the second most listened to member of the FOMC after the Chairman.
He represents close communications with all of the NY big banks...those banks considered systemic banks.
I've been told by several Fed officials that when there is positive news the Fed wants to report to the media the Chairman of the Federal Reserve meets with the press. When there's not so positive information that needs to be disseminated the NY President talks to the press.
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