Added To Treasury Long

I have added to my treasury long based on the universal bearishness towards treasuries. There is so much hand wringing over the auction this week that anything but a disaster should lead to a rally.

9 comments:

Anonymous said...

This news about the govt providing as much capital as FNM and FRE needs for the next three years.

Would you consider this the beginning of the next episode for listed mbs investing entities and real estate general?

Tsachy Mishal said...

I think the Treasury was worried that once the Fed's Treasury buying program ends in March that mortgage rates would go up.

I don't think that FNM or FRE need more money. They have huge losses but the Treasury has already allocated them enough. This is a confidence boosting exercise to ensure spreads on FNM and FRE debt dont blow out once the Treasury buying stops.

Tsachy Mishal said...

I meant Agency buying program not Treasury buying program.

Anonymous said...

LONG AMFI @ 1.02

-OL DAWG

Anonymous said...

Hey OL Dawg, why long this? it doesnt look as depressed as the rest of the stuff u usually buy.

Anonymous said...

AAPL up 6 days in a row..10% on what news? Rumors of a tablet? This market is very frothy.

Anonymous said...

yummmmmmm tablet. is anyone else as excited as i am about the way computing (hardware/software) is going?

Anonymous said...

Hey ANON,

I don't always play stocks that are at 52 week lows.

Sometimes I play stocks that were recently strong, had a good pop on fundamentally positive news, and then pulled back to a point low enough to where I think I can make some money.

-OL DAWG

Anonymous said...

thanks OL dawg