[Skip to the end] (an email exchange) > On Tue, Jul 15, 2008 at 11:03 AM, Mike wrote: > > Should we be looking at selling protection on USTs for 20bps? > makes sense And makes even more sense for the Fed to be selling it: free money (really sort of a tax for those who want […]
Tag Archives: UST
UST ASW update
(an interoffice email) > > > 16bp day for 2yr spreads today: > > > > The market went into the fed announcement expecting perfection > > 25-50bp cut and 50bps on the discount window. > > > > Spreads were 6 lower on the day in the 2yr sprds and 3 lower in tens […]