F Fund where will it go ?

[Intrepid_Timer]

I believe that with our new trading restrictions, the F fund will suffer. I mean why even bother with it if it's going to cost you one ITF? Does anyone agree with this and if so, do you think the TSP folks would do something about it?

 

[Braveheart]

BARCLAYS IS PUSHING YIELDS UP ON 10 YEAR NOTE ----- That is why the F Fund is all over the place. What a friggin conflict of interest they know how much we have in the F Fund and all the L Funds, WTF that is gambling against us and inside trading at it's best.


http://www.bloomberg.com/apps/news?p...d=aNCksVzJxRZA

Dealers Pare Treasuries, Signaling Fed Turning Point (Update1)

By Daniel Kruger
May 5 (Bloomberg) -- One word popped into Charles Comiskey's head as he watched investors seeking a haven from credit-market losses pile into Treasuries in March: ``Ridiculous.''
The buying spree pushed yields to a five-year low even though rising commodity prices and a depreciating dollar were beginning to spark inflation. The co-head of Treasury trading at HSBC Securities USA Inc. has so far been proven right. U.S. government debt has lost 2.8 percent since March 17, including reinvested interest, according to New York-based Merrill Lynch & Co. indexes.
``Rates got ridiculous,'' said Comiskey, who is based in New York and started trading in 1989.
The U.S. units of London-based HSBC Holdings Plc, Barclays Plc of London, Deutsche Bank AG in Frankfurt and the other 17 primary dealers that trade with the Federal Reserve have compiled a $101.4 billion bet against Treasuries, data compiled by the central bank show. That's the most since the week ended Nov. 14, just before yields on 10-year notes climbed half a percentage point over the following month.
Dealers have used any demand ``as an opportunity to move Treasuries off their balance sheets,'' Comiskey said.
The $101.4 billion represents the amount of Treasuries that dealers are using to hedge other positions and is up from $58.3 billion in the week ended March 12, Fed data show. The more they use to hedge, the bigger the wager against Treasuries.

 

[Braveheart]

BARCLAYS IS PUSHING YIELDS UP ON 10 YEAR NOTE ----- That is why the F Fund is all over the place. What a friggin conflict of interest they know how much we have in the F Fund and all the L Funds, WTF that is gambling against us and inside trading at it's best.


http://www.bloomberg.com/apps/news?p...d=aNCksVzJxRZA

Dealers Pare Treasuries, Signaling Fed Turning Point (Update1)

By Daniel Kruger
May 5 (Bloomberg) -- One word popped into Charles Comiskey's head as he watched investors seeking a haven from credit-market losses pile into Treasuries in March: ``Ridiculous.''
The buying spree pushed yields to a five-year low even though rising commodity prices and a depreciating dollar were beginning to spark inflation. The co-head of Treasury trading at HSBC Securities USA Inc. has so far been proven right. U.S. government debt has lost 2.8 percent since March 17, including reinvested interest, according to New York-based Merrill Lynch & Co. indexes.
``Rates got ridiculous,'' said Comiskey, who is based in New York and started trading in 1989.
The U.S. units of London-based HSBC Holdings Plc, Barclays Plc of London, Deutsche Bank AG in Frankfurt and the other 17 primary dealers that trade with the Federal Reserve have compiled a $101.4 billion bet against Treasuries, data compiled by the central bank show. That's the most since the week ended Nov. 14, just before yields on 10-year notes climbed half a percentage point over the following month.
Dealers have used any demand ``as an opportunity to move Treasuries off their balance sheets,'' Comiskey said.
The $101.4 billion represents the amount of Treasuries that dealers are using to hedge other positions and is up from $58.3 billion in the week ended March 12, Fed data show. The more they use to hedge, the bigger the wager against Treasuries.

Barclays is betting huge against the 10 year note since April 2008 on Bloomberg. They are gambling big with junk bonds and pushing the yield up on the 10 year note.

Since they are connected with our money all the L Funds and the F Fund that is a direct conflict of interest. They know how many Billions are in the L Funds and the F Fund every day. I will update with a link but that news just broke 10 minutes ago.

 

[Braveheart]

BARCLAYS __________ I am out of the F Fund

The U.S. units of London-based HSBC Holdings Plc, Barclays Plc of London, Deutsche Bank AG in Frankfurt and the other 17 primary dealers that trade with the Fed have compiled a $101.4 billion bet against Treasuries, data compiled by the central bank show. That's the most since the week ended Nov. 14, just before yields on 10-year notes climbed half a percentage point over the following month.
The bet represents the amount of Treasuries that dealers are using to hedge other positions and is up from $58.3 billion in the week ended March 12, Fed data show. The more they use to hedge, the bigger the wager against Treasuries.

 

[Braveheart]

RE: F Fund - I did not move out yet and I guess I won't if Barclay's bet against this heavy as reported they are going to take a beating.

May 8 (Bloomberg) -- Treasuries rose as stocks in Europe and Asia fell and the cost of insuring against corporate bond defaults increased, fueling demand for the safety of government debt.
Ten-year notes led the gains as investors were attracted by yields at the highest levels this year after the Treasury Department yesterday sold $15 billion of notes, the most since 2004. Thirty-year bonds were little changed before the government sells $6 billion of the securities today as part of its quarterly refunding program.
``Yields should fall again and buying Treasuries may still be the right thing do,'' said Peter Meister, an economist and bond analyst at BHF Bank AG in Frankfurt. ``The burns from the financial-market crisis and the credit difficulties are very grave and it's too soon to declare victory over recession and the economic risks.''
The benchmark 10-year note yield declined 2 basis points to 3.86 percent as of 10:45 a.m. in London, according to bond broker BGCantor Market Data. The price of the 3 7/8 percent security due May 2018 rose 5/32, or $1.56 per $1,000 face amount, to 100 5/32. A basis point is 0.01 percentage point.
Ten-year yields will fall to 3.50 percent by the end of this quarter and rise back to 3.70 percent by year-end, Meister predicted.
The yield on the two-year note fell 2 basis points to 2.29 percent, the lowest level in a week.

 

[Braveheart]

F Fund should have been at least $12.22 or even $12.23

the AGG closed thursday @ 102.16 3:00 pm and closed at 4:00 pm @ 102.19

the AGG closed friday @ 102.27 3:00 pm and closed at 4:00 pm @ 102.23


Question how does the F Fund remain at $12.21 when it gained .11 on the 3:00 pm Bond close ---- Those of us in the F Fund were robbed of at least 1 cent possibly 2 cents per share. The facts are right in the AGG

http://finance.yahoo.com/echarts?s=AGG#symbol=AGG;range=1d

 

[amoeba]

Up!

put my ITF where my mouth is - i.e., F fund, as of yesterday.

look for a couple percent bonus this month.

 

[luv2read]

the place to be between now and 6/1.

 

[Silverbird]

Treasuries Fall as Durables Excluding Transportation Increased

By Daniel Kruger
May 28 (Bloomberg) -- Treasuries fell, pushing the 10-year note's yield to 4 percent for the first time since January, after a government report showed orders for durable goods excluding transportation items unexpectedly rose in April.

Bonds extended their losses after the Treasury's sale of $30 billion of the securities drew a yield higher than traders forecast. It was the first time since June 2006 that the notes were sold at a yield higher than the Fed's target rate for overnight lending between banks.

``In all likelihood, the next move by the Fed is a tightening,'' said Richard Schlanger, a fund manager in Boston at Pioneer Asset Management, which oversees $44 billion in fixed income. ``We may get the capitulation trade today.''

The yield on the two-year note rose 11 basis points, or 0.11 percentage point, to 2.62 percent at 1:13 p.m. in New York, according to BGCantor Market Data. The price of the 2.125 percent security due in April 2010 fell 7/32, or $2.19 per $1,000 face amount, to 99 2/32.....
http://www.bloomberg.com/apps/news?pid=20601087&sid=aFiQYPdXiQ8E&refer=home

 

[JTH]

Dec 31, 2007 F-fund price 11.93

June 13, 2008 F-fund price 11.93

F-fund YDT 0.00%

Who would have thunk it?

G-fund is in the lead, and a buy and hold in F would'nt have gotten you squat!!! :blink:

 

[Gumby]

Dec 31, 2007 F-fund price 11.93

June 13, 2008 F-fund price 11.93

F-fund YDT 0.00%

Who would have thunk it?

G-fund is in the lead, and a buy and hold in F would'nt have gotten you squat!!! :blink:

That is why friends don't let friends Buy and Hold. So the question is......Is FTRIB my friend?
There has been millions of dollars sitting in the F fund since the first of the year. They have made squat buy not re-balancing their account.

 

[Fivetears]

I just wanna know WHY it is not a problem to REBALANCE the L Funds (which are varied recentages of the tried and true regular TSP Funds) with great regularity... and a HUGE problem for the rest of us to REBALANCE our regular TSP Funds on our own; as we see fit.

Anyone.

 

[Gumby]

I just wanna know WHY it is not a problem to REBALANCE the L Funds (which are varied recentages of the tried and true regular TSP Funds) with great regularity... and a HUGE problem for the rest of us to REBALANCE our regular TSP Funds on our own; as we see fit.

Anyone.

I think it is fairly easy for the FTRIB to anticipate how many shares will need to be purchased or sold each day due to re-balancing of the L funds. The FTRIB just moves the numbers or fractions of shares between accounts each day. With the aid of high speed computers they can predict on several million accounts what trades have to be made and how many shares will need to be purchased on the open market. This numbers of shares purchased on the open market would be substantially different from the number of shares traded through a rebalancing IFT. FTRIB also have a fairly good idea of how much cash they get each pay period from all participants to anticipate purchases.

The wild card that FTRIB could not predict are the IFT's made by participants. The FTRIB evidently felt they had to hold to much money back from being invested to account for large transfers between funds. Or for some reason Barclays convinced the FTRIB that they were not making enough money or it cost fractionally more to account for daily re-balancing through IFTs. It would be interesting to know how many shares in each fund are purchased each day on the open market before and after the new rules on IFT's went into effect.

What I would like to know is how Barclays or FTRIB handles the trade that is intiated from an online IFT. This IFT must be before noon EST....therefore they know exactly how much money is going to be traded if money is shifted out of the G fund to other funds. Do they buy shares of C, S, & I immediately after the IFT is entered or do they wait until near the close of the market. It appears to me that a company that could possibly day trade on the float of this money from noon to 4 pm EST could potentially make some serious coin if they can predict the movement of the market. Does Barclays get access to this money immediately or how is that IFT money handled.

 

[Fivetears]

This is what I like about this board; gazillions of ways of outside-the-box thinking. You KNOW they got a $hit load of trigger fingers on trade buttons at all times. I'll bet their computers are very good at predicting market movement. Knowing that a USM trade movement is coming from TSP'ers at 12:00 EST for the next day... sure as hell sounds alot like why WE get fair valued on I fund trades. Perhaps a FAIR VALUE needs to be imposed on Barclays.

...Do they buy shares of C, S, & I immediately after the IFT is entered or do they wait until near the close of the market. It appears to me that a company that could possibly day trade on the float of this money from noon to 4 pm EST could potentially make some serious coin if they can predict the movement of the market. Does Barclays get access to this money immediately or how is that IFT money handled.

 

[luv2read]

Great comments! Should be moved from "F Fund Thread" to one of the TSP threads...

 

[ATCJeff]

Didn't bonds sell off today? I thought I saw were bond prices were down today, yet yahoo is showing a gain in bond prices.

 

[luv2read]

Auction. Prices up, yields down.

 

[ATCJeff]

Auction. Prices up, yields down.

equals good for the F fund

 

[tsptalk]

5-minute chart of 30 yr bond. Can you find the auction? OK, I gave it away. You probably didn't need the arrow.

 

[ATCJeff]

Thanks Tom