Cesarnc's market talk, gossips, rumours & fun

Who's that? Chuck Norris?

I call him "Pimpy the Kid"

placed a buy order on GU at 2.0050, new low of 2.0049, but due to bid/ask price spread being 3pips, i missed it by 2pips WTF

Damn!... house price smack-down :
GBP http://www.forexfactory.com/images/m...mpact_high.gif RICS House Price Balance
http://www.forexfactory.com/images/m...dar_detail.gif -64.1%

Looks like GU wants to revisit 2.0000

and I love hoes.

Classic...........


HOLLA

and have got them in different area codes.

Treasuries Fall; Federal Reserve May Take Steps to Boost Growth


By Aaron Pan and David Yong

March 11 (Bloomberg) -- Treasuries fell on speculation the Federal Reserve will introduce new measures to boost the U.S. economy, curbing the need for steeper interest-rate cuts.

Ten-year notes snapped a three-day gain and Asian stocks erased losses after a report in the Wall Street Journal said the Fed may consider lending directly to financial institutions other than banks and also purchase debt from mortgage companies Fannie Mae and Freddie Mac. Traders have almost fully priced in a 75 basis-point cut in the central bank's benchmark rate on March 18.

``The Fed is trying everything it can to help the economy,'' said Kenny Borowicz, a bond-futures broker at MF Global Singapore Ltd., part of the world's largest broker of exchange-traded futures and options contracts.

``As stocks have come back, Treasuries have slipped.''

The 10-year note's yield rose 3 basis points, or 0.03 percentage point, to 3.49 percent as of 6 a.m. in London, according to bond broker Cantor Fitzgerald LP. The price of the 3 1/2 percent security due in February 2018 fell 7/32, or $2.19 per $1,000 face amount, to 100 4/32. The two-year rate climbed 4 basis points to 1.53 percent.

Ten-year yields will advance to 3.58 percent by the end of the second quarter, according to 71 analysts surveyed by Bloomberg News.
Pacific Investment Management Co., which manages the world's largest bond fund, said yesterday that the Fed should start buying so-called agency mortgage-backed securities to stabilize the market.

Bear Stearns
U.S. notes were supported in early Asian trade by speculation writedowns on securities tied to subprime mortgages spurred investors to seek the relative safety of government debt. Regional shares initially fell after Bear Stearns Cos., the second-biggest underwriter of mortgage-backed bonds, denied it was running short of capital.

Interest-rate futures traders started to bet on a 1 percentage-point cut in the Fed's overnight target lending rate between banks to 2 percent next week as policy makers focus on boosting economic growth.

Fed funds futures on the Chicago Board of Trade show a 10 percent chance that the central bank will lower the rate by a full percentage point. The balance of bets are for a 75 basis- point reduction.

``Investors are going for safe bets and we expect to see another rally in Treasuries,'' said Jeremy Wu, who manages $1 billion of U.S. bonds in Taipei at Shinkong Life Insurance Co., Taiwan's second-largest life insurer. ``The market expects bad news to overwhelm good news from financial companies.''

TED Spread
Ten-year yields may fall to 3.3 percent this year because investors are more concerned that the expansion will slow rather than inflation risks, Wu said.
Shares of government-backed Freddie Mac and Fannie Mae tumbled yesterday after a Credit Suisse Group analyst cut the stock price estimate for Freddie Mac and Barron's said Fannie Mae's solvency may be tested.

The so-called TED spread, measuring the difference between what banks and the government pay for three-month loans, narrowed to 1.55 percentage points from 1.58 percentage points yesterday. The difference was 1.63 percentage points on March 6, the widest this year.

To contact the reporters on this story: Aaron Pan in Hong Kong at [color=#0000ff][email protected][/color]; David Yong in Singapore at [color=#0000ff][email protected][/color].
Last Updated: March 11, 2008 02:06 EDT

He'll most likely get re-elected for supporting the local economy and the womens abuse center.

Yeah, just like any stinking rotten politician. They should just send him on his way........to the gallows.

If it wasn't for bad news there wouldn't be any news at all

Its a buyers market, so when do the buyers show up?

I love bloomberg radio

Did you say Buyers? I'll buy, where? I'll buy!!

Were buying stocks, not stockings
Were buying assets, not asses
Were buying on dips, not dipping in what you bought

I could go on and on

well, that move screwed all my charts. the wsj had a whiff, wish they would have been right about this. that was a major move!!!!!!!! course i missed it, was looking for a scalp!!! that would have been one hell of a scalp!!! maybe spitzer halped with it so he could pay his legal bills!!!

BUY EU on the DIP, Sell EU/CHF on the Rally!

I know some folks got a margin call on that Central banks news....I hope most close their trade quickly...


HOLLA

The way to find out is to head on over to the cable thread. Be Right back.