ten yr final volume over 2.2 million....five yr volume over a million....No roll over either....
I agree that volume like these numbers not sustainable, but what about ten yr volume over a million every day? What happens when Eurodollars wake up and crank out volume again? Need to get action going at the short end (shorter than the five yr).
Curious to see what open interest does after this last week
Interesting that today, with all that volume, the 10 year is only off 5 ticks. Long bonds off nearly a point. I still say you gotta be nuts buying those instruments for holding period yields. Ben can buy em.
The market is a whole lot smarter than Ben Bernake. The move into 2013 set this up. Sustainable, just wait til things really get started. Separately, I heard on Bloomberg that GS said that they ain't gonna be buying peoples bad bonds. Its really the realization that the bond market rally for the past 30 years is about over. We have seen our fake-outs before however.