Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I will see what I can do with this. First thing to do is to start with the dates and see if there is any regularity prior to, during and after the auctions.
If your assumption that the prime dealers go short prior to the auctions, then load up during the auctions and finally get rid of the stuff after the auctions is true, this can be certainly detected.
Can you help answer these questions from other members on NexusFi?
Broker: Advantage Futures, Ninja/TT and InvestorRT/IQFeed.
Trading: Treasury futures
Posts: 312 since Nov 2010
Thanks Given: 194
Thanks Received: 912
It's sure what I would do. I don't think I'd have much choice.
This probably goes without saying but I'll say it anyway: there should be a control period. For example, assuming there is a bias on auction days, you would need to look at similar time periods on non-auction days to make sure you weren't just seeing a general directional bias in the market.
"You don't need a weatherman to know which way the wind blows..."
I have subscribed to a free RSS feed at TreasuryDirect, so my browser will automatically alert me if the results of the treasury auctions are announced
The subscription includes a linkto the document below, which shows today's results.
The question is, whether there is an useful information that can be retrieved from the result, such as the amount tendered and the bid-to cover ratio. For me USD 35,000,000,000 looks seems a respectable amount for a single auction.
Broker: Advantage Futures, Ninja/TT and InvestorRT/IQFeed.
Trading: Treasury futures
Posts: 312 since Nov 2010
Thanks Given: 194
Thanks Received: 912
I'm not sure I understand the question, but I'll take it at face value. The US is borrowing $35 billion in this auction. In two years, most likely the US will just borrow it again, plus whatever else we need to borrow, since we don't seem to be willing to either cut spending or increase taxes or both.
I do not have a problem with running big deficits when on the brink of a depression, which I believe we were, especially when asset prices are deflating. The problem is that we do not currently have the political will to deal with our structural problems when times are good. We should be running surpluses when the economy is strong. Also in this country "tax" has become a dirty word no matter what value one may be receiving for taxes paid. Everyone here seems to want something for nothing.
"You don't need a weatherman to know which way the wind blows..."
Results of yesterday's auction and updated auction calendar for the coming auction attached. The most important thing to know is the auctions calendar, as this will have an impact on trading during that week. The auction calendar can be downloaded here: