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CYS Investments, Inc. Message Board

  • apdamic apdamic Aug 6, 2013 2:49 PM Flag

    Bonds up, we go up / Bonds down, we go down?

    10&30 year bonds were up higher today and so was our stock's price. Now that they have come down to yesterday's levels, so has the stock's price. I thought it's supposed to be the opposite, doesn't make much sense!

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    • "Fun" isn't it?

    • nickspinner Aug 6, 2013 6:25 PM Flag

      I agree with you. The mREIT market has become totally irrational, driven by fear, panic, and ignorance. It's hard to know when the fundamentals will resume control, but they will ultimately. CYS is a strong buy at this level.

      Sentiment: Strong Buy

    • More Detail: Bond Buyers offered to take 3.21 times the amount of debt for sale, compared to an average of 3.34 during the last six sales. Indirect bidders, which can include foreign central banks, purchased 41.4%, versus an average of 26.2%, continuing a trend of high take-down from indirect bidders over the last few months. Direct bidders bought 13.9%, compared to an average of 17.1%.

      That left dealers with the smallest portion of a 3-year note sale since November 2011, according to Nomura Securities, which gave the auction a grade of A-.

      The sale comes as financial markets continue to fret over a wind-down in the Fed’s $85 billion-per-month bond-buying program, which could come as early as this fall. The subsequent selloff has pushed up yields sharply for much of the past few months. But the Fed has since emphasized that a scale-back, or tapering, of the program wouldn’t affect its near-zero short-term interest rates, which helped anchor the shorter-term 3-year notes for the auction.

8.15-0.05(-0.61%)May 27 4:02 PMEDT