tag:blogger.com,1999:blog-8515247115132134144.post7909350724571296201..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: $183 Billion 30-Year Treasury Bonds Auctioned in 2010Stagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8515247115132134144.post-50508666624945075612011-03-10T14:03:53.739-08:002011-03-10T14:03:53.739-08:00Anonymous,
Thanks for the link! There's a lot...Anonymous,<br /><br />Thanks for the link! There's a lot of stuff to read and much of it is fascinating.<br /><br />From page 32:<br /><br /><i>Introducing new products that are aligned with investor needs.</i><br /><br />I propose II-Bonds. They pay twice the fixed interest rate of I-Bonds. It wouldn't even cost the government a penny, since I-Bonds only pay a fixed rate (above inflation) of 0.0% right now. Therefore twice as much isn't really a problem! Sigh.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-84220786345542565192011-03-10T05:17:16.057-08:002011-03-10T05:17:16.057-08:00See page 45/93 here:
http://www.treasury.gov/pres...See page 45/93 here:<br /><br />http://www.treasury.gov/press-center/press-releases/Documents/TBAC%20Discussion%20Charts%20Merged%202.2011.pdf<br /><br />Note that this does not include treasury bills.<br /><br />The average maturity of Treasury debt held by the public is up to ~59.5 months.<br /><br />Also from page 50 of 93:<br /><br />>>Marketing: <br /> Treasury may consider employing a marketing campaign to increase broader ownership of UST debt as an asset class in individual portfolios.<br /> Treasury could take a page from earlier efforts to promote individual ownership of UST debt. <br /> Current Savings Bonds are the offspring of WW I Liberty Bonds and WW II Defense Bonds. <br /> Defense Bonds (renamed War Bonds after Pearl Harbor) benefited from more than $250m advertising donated during the first three years of the National Defense Savings Program.<br /> Through a combination of new attractive products, and aggressive marketing, Treasury could aim at growing the household ownership share of Treasuries to the average of the last 50 years. <<<br /><br />You'll know the bond bubble of the last 30 years is over when the Treasury succeeds in growing household ownership share.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-65316836939940646872011-03-10T03:29:26.834-08:002011-03-10T03:29:26.834-08:00How about a chart of 30-year conventional and 30-y...How about a chart of 30-year conventional and 30-year TIPs compared to all treasuries?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-72402144029930782352011-03-09T19:46:22.037-08:002011-03-09T19:46:22.037-08:00Mr Slippery,
I don't think this chart would n...Mr Slippery,<br /><br />I don't think this <a href="http://research.stlouisfed.org/fred2/graph/?&chart_type=line&graph_id=&category_id=&recession_bars=On&width=630&height=378&bgcolor=%23B3CDE7&graph_bgcolor=%23FFFFFF&txtcolor=%23000000&ts=8&preserve_ratio=true&fo=ve&id=JTSJOL_UNEMPLOY&transformation=lin_lin&scale=Left&range=Custom&cosd=2000-01-01&coed=2011-02-01&line_color=%23000000&link_values=&mark_type=NONE&mw=4&line_style=Solid&lw=2&vintage_date=2011-03-09_2011-03-09&revision_date=2011-03-09_2011-03-09&mma=0&nd=_&ost=&oet=&fml=b%2Fa&fq=Monthly&fam=avg&fgst=lin" rel="nofollow">chart</a> would necessarily be a "sure thing" shorting opportunity right now.<br /><br />It shows the number of unemployed per job opening.<br /><br />We'll be getting another month's worth of data for it later this week. This is just a preview of an upcoming post.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-38686686446129917372011-03-09T19:39:57.219-08:002011-03-09T19:39:57.219-08:00The housing credit bust created a long lasting def...The housing credit bust created a long lasting deflationary bias. The Fed has had the will and power to print trillions to keep things mostly afloat, but not without consequences. Markets anticipate these things and usually overshoot in both directions.<br /><br />I have the same sense that you do about something getting ready to break. There are pressure points everywhere I look.Mr Slipperynoreply@blogger.com