children always act like children.....

I have seen a lot of rubbish posted on this forum recently, and this beats it all.

no one needs unregistered brokers to buy strips simply go to your bank and order them no commissions other than bank charges,

what a load of codswallop

Huh?

Just call your brokerage and get it.

Isn't that the way you do it?

BBB, I do not get these guys.

Market forces determine the price, just like stock and shares.

Guess there will be spivs in all areas.

have a nice day to the offerer.

will
( Psst! Copy Watch, Copy Watch anyone ? )

I agree with you guys, most people can just go to their securities firm and issue a buy order for what they need for that days WSJ wholesale price or close to it, every day there is a 4 point spread. But I have people come to me that need a T3 closing to buy strips, the security houses will only give them next day settlement at best, and the securities houses won't give the 3 days for them to close. If this will help someone great, if not don't let it bother you. I am not pushing 50 Billion dollars worth of nothing like most of the brokers out there, I am only here to help someone if they need it, if not thats great.

http://www.treas.gov/offices/domestic-finance/debt-management/auctions/auctions.pdf

 

Security Type Announcement Date Auction Date Settlement Date

3-year note Wednesday, August 5, 2009 Tuesday, August 11, 2009 Monday, August 17, 2009

10-year note Wednesday, August 5, 2009 Wednesday, August 12, 2009 Monday, August 17, 2009

30-year bond Wednesday, August 5, 2009 Thursday, August 13, 2009 Monday, August 17, 2009

13- & 26-week bill Thursday, August 6, 2009 Monday, August 10, 2009 Thursday, August 13, 2009

4-week bill Monday, August 10, 2009 Tuesday, August 11, 2009 Thursday, August 13, 2009

13- & 26-week bill Thursday, August 13, 2009 Monday, August 17, 2009 Thursday, August 20, 2009

4-week bill Monday, August 17, 2009 Tuesday, August 18, 2009 Thursday, August 20, 2009

13- & 26-week bill Thursday, August 20, 2009 Monday, August 24, 2009 Thursday, August 27, 2009

52-week bill Thursday, August 20, 2009 Tuesday, August 25, 2009 Thursday, August 27, 2009

2-year note Thursday, August 20, 2009 Tuesday, August 25, 2009 Monday, August 31, 2009

5-year note Thursday, August 20, 2009 Wednesday, August 26, 2009 Monday, August 31, 2009

7-year note Thursday, August 20, 2009 Thursday, August 27, 2009 Monday, August 31, 2009

4-week bill Monday, August 24, 2009 Tuesday, August 25, 2009 Thursday, August 27, 2009

13- & 26-week bill Thursday, August 27, 2009 Monday, August 31, 2009 Thursday, September 3, 2009

4-week bill Monday, August 31, 2009 Tuesday, September 1, 2009 Thursday, September 3, 2009

13- & 26-week bill Thursday, September 3, 2009 Tuesday, September 8, 2009 Thursday, September 10, 2009

3-year note Thursday, September 3, 2009 Tuesday, September 8, 2009 Tuesday, September 15, 2009

10-year note R Thursday, September 3, 2009 Wednesday, September 9, 2009 Tuesday, September 15, 2009

30-year bond R Thursday, September 3, 2009 Thursday, September 10, 2009 Tuesday, September 15, 2009

4-week bill Tuesday, September 8, 2009 Wednesday, September 9, 2009 Thursday, September 10, 2009

13- & 26-week bill Thursday, September 10, 2009 Monday, September 14, 2009 Thursday, September 17, 2009

4-week bill Monday, September 14, 2009 Tuesday, September 15, 2009 Thursday, September 17, 2009

13- & 26-week bill Thursday, September 17, 2009 Monday, September 21, 2009 Thursday, September 24, 2009

52-week bill Thursday, September 17, 2009 Tuesday, September 22, 2009 Thursday, September 24, 2009

2-year note Thursday, September 17, 2009 Tuesday, September 22, 2009 Wednesday, September 30, 2009

5-year note Thursday, September 17, 2009 Wednesday, September 23, 2009 Wednesday, September 30, 2009

7-year note Thursday, September 17, 2009 Thursday, September 24, 2009 Wednesday, September 30, 2009

4-week bill Monday, September 21, 2009 Tuesday, September 22, 2009 Thursday, September 24, 2009

13- & 26-week bill Thursday, September 24, 2009 Monday, September 28, 2009 Thursday, October 1, 2009

4-week bill Monday, September 28, 2009 Tuesday, September 29, 2009 Thursday, October 1, 2009

13- & 26-week bill Thursday, October 1, 2009 Monday, October 5, 2009 Thursday, October 8, 2009

10-year TIPS R T Thursday, October 1, 2009 Monday, October 5, 2009 Thursday, October 15, 2009

3-year note Thursday, October 1, 2009 Tuesday, October 6, 2009 Thursday, October 15, 2009

10-year note R Thursday, October 1, 2009 Wednesday, October 7, 2009 Thursday, October 15, 2009

30-year bond R Thursday, October 1, 2009 Thursday, October 8, 2009 Thursday, October 15, 2009

4-week bill Monday, October 5, 2009 Tuesday, October 6, 2009 Thursday, October 8, 2009

13- & 26-week bill Thursday, October 8, 2009 Tuesday, October 13, 2009 Thursday, October 15, 2009

4-week bill Tuesday, October 13, 2009 Wednesday, October 14, 2009 Thursday, October 15, 2009

13- & 26-week bill Thursday, October 15, 2009 Monday, October 19, 2009 Thursday, October 22, 2009

52-week bill Thursday, October 15, 2009 Tuesday, October 20, 2009 Thursday, October 22, 2009

4-week bill Monday, October 19, 2009 Tuesday, October 20, 2009 Thursday, October 22, 2009

13- & 26-week bill Thursday, October 22, 2009 Monday, October 26, 2009 Thursday, October 29, 2009

5-year TIPS R T Thursday, October 22, 2009 Monday, October 26, 2009 Friday, October 30, 2009

2-year note Thursday, October 22, 2009 Tuesday, October 27, 2009 Monday, November 2, 2009

5-year note Thursday, October 22, 2009 Wednesday, October 28, 2009 Monday, November 2, 2009

7-year note Thursday, October 22, 2009 Thursday, October 29, 2009 Monday, November 2, 2009

4-week bill Monday, October 26, 2009 Tuesday, October 27, 2009 Thursday, October 29, 2009

13- & 26-week bill Thursday, October 29, 2009 Monday, November 2, 2009 Thursday, November 5, 2009

If someone wants to bid.. at sub par pricing.. I offer the above.

If you are offering to carry for 3 business days? I don't personaly understand why 3 days would be needed. Maybe if you would explain why 3 days is helpful you position would be of more value?

Sincerely, JW

JW, thanks for at least giving a guy a chance to explain the offering. The reason for the 3 days is we in the past have had to give 3 to 5 banking days for clients with lines of credit through the bank. The lines of credit are only activated by the instrument being in the clients account under delivery versus payment, with instruction of the extended time for closing. That keeps us from losing the bonds (like in a free delivery) in the case of the client not being able to perform and is a common request from the bank issuing the client the credit line. Some of these guys have accounts with JP Morgan and other big institutions and the bank itself will not break its internal rules of next day settlement maximum on a treasury transaction, thus the flexability of the extra time..... Thats all, other than that, as we all know pony up the cash and take them down yourself with no additional mark up with a same day settlement or next day settlement if the instruments you buy come from another clearing house, example pershing to southwest...etc.. hope that answers your question...thanks

So you are offering a 3 day float for persons stuck in the pinch of institutional red tape?

If they draw down on the line the charges and costs kick in an they maybe be out bid thus leaving them carrying the costs of drawing down?

I am typing while thinking this thru forgive me..

So, I guess my question to you is ( _________________ <--- insert your name here)..

1. How many transactions have you and / or your group handled? (thats 2 questions, really.. sorry)

2. What gaurentee of production  does one have with regard to your group perfroming? If someone where to win a Bid that is sub-sub-sub par.. thus giving it an emense amount of value.. what keeps the dog on the chain.. I guess the Blood Sucking Vulture Esq.'s would work that out.

3. I would assume there is a happy client list, I will assume that there is a cap and floor.. I would assume you are willing to disclose after protecting yourself contractualy.. what are you expecting to be paid and can I and Will plus a few others be added into the 1+1+1+1+1+1+1 (thats a joke dont get your knicker in a twist)..

 

So other than a banket statement about what you are offering lets get to what you want and what it costs and how many times you or the group you are fronting for has performed..

 

Maybe this will better help people have some comfort level. The group here is a little tough.. but fair.. if you are who you are supposed to be then you will be fine.. if not they will tear you limb from limb..

 

I like it, pass or fail.. Baptism by fire.

 

So ( ___________________ <---- insert name here) the next move is yours.

 

Good luck (I hope you don't need it for the record), JW

 

JW,

While you were punching your keyboard, this happened.



http://uk.us.biz.yahoo.com/ap/090817/us_credit_markets.html?.v=3

AP
Treasurys surge as investors sell off stocks
Monday August 17, 6:21 pm ET
By Sara Lepro, AP Business Writer

Investors pitch stocks, buy Treasurys amid increasing worries about the consumer, economy


NEW YORK (AP) -- Treasury prices surged and yields fell Monday as investors worried about the economic recovery pulled money out of stocks and commodities and sought safety in government debt.
Long-term Treasury prices rose for a third straight day, pushing yields sharply lower, while major stock indicators dove at least 2 percent, including the Dow Jones industrials, which lost 186 points.

Investors were already on edge at the start of trading Monday, after China's main market index plunged 5.8 percent overnight on concerns the government would tighten bank lending.

Losses spilled over into European and U.S. markets. In U.S. trading, a disappointing report from home improvement retailer Lowe's Cos., which said its sales dropped 19 percent in the second quarter, worsened the losses. Investors have become increasingly worried that the economy won't be able to emerge from recession if consumers don't increase their spending. Consumer spending accounts for more than two-thirds of U.S. economic activity.

When investors are uncertain about the economy, they tend to store more money in Treasurys, which are seen as a relatively safe investment.

The benchmark 10-year Treasury note rose 27/32 to 101 8/32, driving its yield down to 3.47 percent from 3.57 percent late Friday.

Despite concerns about Americans' ability to spend freely and help heal the economy, falling yields are a good thing for consumers. The yield on the 10-year note determines interest rates on mortgages and other loans, so a decline in yields keeps borrowing costs low.

"In the mortgage market, yields there continue to be favorable for economic growth," said Christopher Garman, president of Garman Research. He added that the threat of a spike in yields choking off the economy's recovery seems to have eased, at least for the time being.

Earlier this year, investors sent long-term Treasury yields climbing, nervous that the steady stream of debt the Treasury Department was issuing to fund the government's stimulus programs would overwhelm supply. But so far, government debt auctions have been going relatively smoothly. The issuance of $75 billion in debt last week was easily absorbed by the market, and so investors have been breathing easier.

In other trading, the 30-year bond rose 1 21/32 to 102 28/32, and its yield fell to 4.33 percent from 4.42 percent.

The two-year note rose 3/32 to 99 31/32 and its yield fell to 1.02 percent from 1.07 percent.

The yield on the three-month T-bill rose to 0.17 percent from 0.16 percent. Its discount rate was 0.18 percent.

The cost of borrowing between banks fell. The British Bankers' Association said the rate on three-month loans in dollars -- the London Interbank Offered Rate, or Libor -- held steady at 0.43 percent.

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6800057.ece

 

Times Online

August 18, 2009

Northern Rock halts bond pay-out to save cash

Robert Lindsay

Recommend? (3) Northern Rock will stop paying interest on all bonds where it can legally do so in a move likely to infuriate investors owed millions of pounds by the state-owned bank.
Insurance, pension and hedge funds saw the value of their junior bonds in the bank collapse today in the wake of the banks announcement.
The halt in payouts is designed to help the bank save cash ahead of a Government bail-out of up to £3 billion which will come when Northern Rock is split into two banks.
One will hold existing mortgage loans and the other the branches, customer deposits and the right to issue new mortgages.

The move may also help the Government secure state aid clearance from Brussels for the restructuring.
But bondholders will argue it will hit confidence in the UKs nationalised banks and make it much harder for all of them to raise money with new bond issues in the future.
Northern Rock said: "The decision has been taken because the board considers it appropriate to preserve cash in the run-up to the restructuring."
The lender warned in July that its cash reserves had fallen below its minimum regulatory capital requirement and that the Government would inject cash as needed alongside a restructuring of the group into what have been dubbed a "good bank" and a "bad bank".
But this can not be done until the European Commission approves state aid, which is expected in the autumn.
The bank aims to complete legal and capital restructuring before the end of the year.
Two weeks ago, Northern Rock revealed that losses in the six months to the end of June had deepened by 24 per cent to £724 million against a year ago as the number of customers in arrears with their payments continued to grow.
The number of bad loans held by the bank had tripled in six months and it burnt through £2.8 billion of its £12.8 billion cash pile in those six months.
Junior or "subordinated" bonds or notes are the lowest, riskiest tranche of bonds issued to investors. Investors receive a high coupon or interest rate but the issuing company often has the right to defer paying this interest.
There are eight tranches of subordinated bonds on which Northern Rock is deferring interest payment with coupons varying between 12.625 per cent and 5.6 per cent. The largest tranches are £300 million of 8.399 per cent bonds and $700 million of 5.6 per cent bonds.
Credit analyst Chris Burgoyne of Collins Stewart said: "Given that this is all taxpayers' money that they are using to pay the coupon, and that the payments are optional, I'm surprised they've continued paying them for as long as they have."

Tier 1 debt, Tier 2 debt has been circling the bowl.. But the world is right again.. The shear mass amount of luquidity sitting on "ready to pounce mode" along with the Governmetal support behind that and then all the smaller vultures waiting to capitalize on name brands in the broader market.. I am suprised it went as low as it did, honestly.. but..

http://www.nyse.com/about/listed/lcddata.html?ticker=DJI

These Bear runs will continue going forward until the luquidity has shifted back into business and the leverage out.. Broadly speaking (really broadly), the entire planet is going to be de-leveraged in one form or another.. and until people believe that Corporate America and Middle America are cash rich again (for here States Side) the the crunch will continue..

A lot of deals, a lot of monies being spent and a lot of Bankruptcies being worked on..

I understand you are standing in the middle of the running of the Bulls in your neck of the woods.. I am glad to see someone doing well in this mess.

My best to you and yours Will, JW