the last Bond auction of 2020---they came, they bought.
All cheer the Long Bond.
And Thank You Madame Lagarde for the Christmas present.
It had been a while since the US had a blockbuster auction, especially after two mediocre treasury sales earlier this year. Today's 30Y was just the stellar auction the bond market needed.
With $24BN in 30Y paper for sale, down from last month's record $27BN, demand was blistering perhaps in light of the shaky equity market, and the high yield of 1.665% stopped through the 1.684% When Issued by 1.9bps, the biggest stop through since July 's 2.7bps.
The bid to cover of 2.481 was not only well above the 2.292 from November, but the highest since July.
The internals were also stellar, with Indirects jumping to 65.9% from 61.9% last month and the highest since July. And with Directs taking down 16.8% or the most since February, Dealers were left holding just 17.4% of the auction, the second lowest on record and only the 15.5% last December was a lower Dealer takedown.
https://www.zerohedge.com/markets/stellar-30y-treasury-auction-sends-yields-sliding
dc CB 17:02:00 GMT - 12/10/2020
In a wide-ranging interview in the New York Times, Melinda Gates made the following remarkable statement: “What did surprise us is we hadn’t really thought through the economic impacts.” A cynic might observe that one is disinclined to think much about matters than do not affect one personally.
It’s a maddening statement, to be sure, as if “economics” is somehow a peripheral concern to the rest of human life and public health. The larger context of the interview reveals the statement to be even more confused. She is somehow under the impression that it is the pandemic and not the lockdowns that are the cause of the economic devastation that includes perhaps 30% of restaurants going under, among many other terrible effects.
She doesn’t say that outright but, like many articles in the mainstream press over this year, she very carefully crafts her words to avoid the crucial subject of lockdowns as the primary cause of economic disaster. It’s possible that she actually believes this virus is what tanked the world economy on its own but that is a completely unsustainable proposition.
Just called them and they were just able to tell that the meeting starts at 2.30 CET.
Mtl JP 09:07:12 GMT - 12/10/2020
For information about the ECB’s activities, please contact us by email or phone from Monday to Friday between 08:30 and 17:30 CET. [email protected]
+49 69 1344 1300
give it a try ? ... maybe they slip
PAR09:03:50 GMT - 12/10/2020
Question is which of those banks have been called by Philip Lane and whether they want to share that info with the public or just keep it for their own trading desks.
Mtl JP 08:55:41 GMT - 12/10/2020
European stocks inch up ahead of ECB meeting, with FTSE 100 boosted by lack of progress on trade talks
The ECB has a crucial decision to make —
(to be announced at 1:45 p.m. local time, which is 7:45 a.m. Eastern)
Thank you very much for helping us get rid of OrangeManBad and getting our crew back in the drivers seat.
If you think that we are going to take the chance that you will perhaps decide to use your newfoundpower against us .... fu-gedda-bout-it.
Because this election--below the Top-O-the Ticket, was really a squeaker, no matter what we spew in our propaganda, and in about 10 months the next cycle - MidTerm Elections begins.
So we need some heads on a pike....
You R Toast.
dc CB 21:33:53 GMT - 12/09/2020
re:Google/YouTube
Bloomberg notes, YouTube suspended news network OAN and completely demonetized their channel on November 24 over an 'unlisted' video on their channel which was not not able to be viewed publicly. They were prevented from posting new content for one week as well.
The same day, Democratic Senators asked YouTube to remove 'election misinformation.'
The company says it's terminated over 8,000 channels and 'thousands of misleading elections-related videos' for violating preexisting policies. Over 77% of those were automatically removed before they had 100 views.
dc CB 21:30:21 GMT - 12/09/2020
re: red 19:45
48 States, FTC Unveil Anti-Trust Push To Break Up Facebook
Google/YouTube next?
Doubt it.
Having been raised a Catholic...YouTube's rules remind me of the Catechism from grade school...taught by nuns, in full habits.
_______________________________
Tim Pool
@Timcast
·
Dec 9, 2020
Youtube has clarified to me
You can still say Trump *actually* won the election
You can still claim that the election was stolen from Trump
You must meet 2 conditions for a video to be remove
You must claim *widespread fraud or error*
AND
Say It made Trump lose
You can still say there is evidence of widespread fraud
You can still say Trump actually won
You cannot combine the two
What strange times we live in
1:04 PM · Dec 9, 2020
FTC goes nuclear against facebook. may force to sell whatsapp instagram. only down 3%.
london red 19:12:10 GMT - 12/09/2020
massive covid stimulus profits to be taken. everyone wondered when. now you know. that old chestnut 11500-600 a good zone to buy if seen but it may scupper out sooner not far below 12000.
Mtl JP 18:58:57 GMT - 12/09/2020
Directional Risk
-
Dow's losses deepen, Nasdaq Composite on track for worst day in 6 weeks as COVID fiscal talks come into focus
- MarketWatch
Mtl JP 15:54:25 GMT - 12/09/2020
red 15:38 lol I like the way you think
london red 15:38:26 GMT - 12/09/2020
PAR, maybe no dining. ursula is single and boris known to be a ladies man...
PAR15:15:19 GMT - 12/09/2020
Dining with four people is strictly forbidden and sanctioned by huge fines.
Belgian police already invaded a few Jewish birthday parties.
Basically, Ursula's lockdown dinner is completely but really completely illegal in Belgium.
They all will be arrested.
london red 15:10:41 GMT - 12/09/2020
brexit looking like can kicked out til weekend. makes sense as any big move easier to process monday morning. tonights meeting likely to result in last round of talks which will run until friday/saturday at which point it will be no deal. this is of course unless either side walks away tonight. boris has said he can let it drag on longer than the eu so he should be willing. while the eu is deseprate to do a deal within the time they have (to ratify) and weekend marks last real date.
london red 14:20:16 GMT - 12/09/2020
boris not sounding very compromising in parliament earlier. looks like hes ready to pull out.
lakewood jjlkwd 14:17:17 GMT - 12/09/2020
if only to be a fly on the wall at the dinner...
london red 13:53:52 GMT - 12/09/2020
looks like ursula going for a foursome. barnier and frost will be at meeting this evening too.
Belgrade Knez 13:48:14 GMT - 12/09/2020
Jkt Abel 13:21 GMT December 9, 2020
Jkt Abel,
I don't understand why would you suffer 100+ pips DD when you can make money both ways?
Jkt Abel 13:21:32 GMT - 12/09/2020
Euro is a buy here around 121 or slight below figure. So long as held above 12050 then chance is that 125 will be seen, stop below 120 will do
GVI Forex12:40:24 GMT - 12/09/2020
Red, we are on the same page. This is not a time for big bets. They have already been made on the Brexit outcome.
It was a warning not to guess at tops or bottoms (i.e. without a reason to do so) and an opportunity to point out our program will indicate what side is more vulnerable (i.e. directional risk) at any point in time, reflecting where the imbalance is and what side flosw are going through in the market.
london red 12:08:25 GMT - 12/09/2020
Jay, with highest respect, this is no time to be making any bigs bets that will be bottom line changing in a big way. that time has been and gone where hedges should have been made. now its just pure speculation unless you know the result, which nobody does. i would urge to stay away unless trading v small as if a headline drops opposite to your position, your stop will be done.
johnson on the wires, we will get our money back after jan 1st. doesnt sound like a fold yet to me.
GVI Forex Jay Meisler 11:57:57 GMT - 12/09/2020
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