F Fund where will it go ?

[hessian]

Auction. Prices up, yields down.

Hi L2R, Tom/Jeff?
Have any source that I can read about this Auction? I went into F today, unaware of this Auction, and ended up with a closing price higher than expected/desired.
(As usual, a day late, a dollar short, etc.)

Any idea what likely this may mean for tomorrow? ...next couple days?
VR

 

[ATCJeff]

Hi L2R, Tom/Jeff?
Have any source that I can read about this Auction? I went into F today, unaware of this Auction, and ended up with a closing price higher than expected/desired.
(As usual, a day late, a dollar short, etc.)

Any idea what likely this may mean for tomorrow? ...next couple days?
VR

Try this link: http://www.federalreserve.gov/monetarypolicy/taf.htm

Not sure where the market is going or bond prices.

 

[tsptalk]

Thirty-Year Treasuries Rise the Most This Year After Auction

 

[luv2read]

Hi L2R, Tom/Jeff?
Have any source that I can read about this Auction? I went into F today, unaware of this Auction, and ended up with a closing price higher than expected/desired.
(As usual, a day late, a dollar short, etc.)

Any idea what likely this may mean for tomorrow? ...next couple days?
VR

Hessian,

That's a regularly scheduled auction of Tbills, notes and bonds (treasuries), not those special TAF rescue vehicles "backed" by junk collateral. Check here for schedules:

http://www.treas.gov/offices/domestic-finance/debt-management/auctions/auctions.pdf

http://www.treasurydirect.gov/instit/auctfund/work/auctime/auctime_nbtmonthlypatterns.htm

http://www.nytimes.com/2008/08/04/business/04bonds.html?_r=1&scp=1&sq=treasury%20auction%20schedule&st=cse&oref=slogin

 

[hessian]

Wow, thanks all...
That gives some really good background on these Auctions, so I now should be able to move forward to learn more on what to expect/possible affects as these come around again!!
Just want to thank all again for the info provided!
VR

 

[JTH]

I think the F Fund has held up rather well considering the C funds performance this week. I was hoping it would make a viable break to the downside and it hasn't happened.

 

[luv2read]

wow everything up up up...

 

[hessian]

Hi L2R,
I noticed in the .pdf link you'ld posted, showing the Auction schedule, that showed Thurday as the 30yr T-Bond sale Thurs (that ran the price up), showed a settlement date of next Friday.
Security Type_/_ Announcement Date_ _/______Auction Date_________/___ Settlement Date
30-year bond_/__Wed., July 30, 2008__/__Thursday, August 7, 2008___/__Friday, August 15, 2008

Tom's link said the 30yr Bond sales success, was much greater than expected -and involved broad interest, including investment of many foreign/overseas central banks.
- I also noted that "Settlement" for these purchaces - is apparently next Friday (15th)!

So, now I'm just curious about whether there could be substantial effect of these "Settlements" all coming due, next Friday - whether this might influence selling next week (e.g., equities, etc.) to meet Settlement obligations? :blink:
Might be interesting?...
VR

 

[luv2read]

Might be. I haven't paid much attention to settlement dates on those...

 

[hessian]

Might be. I haven't paid much attention to settlement dates on those...

Hi L2R,
Well I noticed that the F-Fund had a big run-up in price on Friday (15th).
I can't say whether the Bond Auction "Settlement date" was a contributor, or whether it was something else. Curious though, huh?
(Next 30-yr Bond Auction isn't until NOV, but I'll be waiting! :laugh

 

[Show-me]

http://stockcharts.com/h-sc/ui?s=AGG&p=D&yr=0&mn=6&dy=0&id=p26694867262

Watch the 200 sma.

 

[hessian]

http://stockcharts.com/h-sc/ui?s=AGG&p=D&yr=0&mn=6&dy=0&id=p26694867262
Watch the 200 sma.

Hi Show-me,
Not sure what to watch? Think its, hit resistance here, or set to blow on by?
The 20 sma may be even more fun! I'm sure you recall the old TV Show, wasn't the quote: "To the moon, ethyl" :nuts:

 

[luv2read]

what the heck is up with that dip at 11AM?:nuts:

 

[Silverbird]

Maybe this (source Yahoo Finance)?


11:00 am : The stock market trades near its recently reached session low. Freddie Mac's (FRE 4.13, -0.26) $3 billion five-year Reference Notes were priced to yield 4.172%, which is 113 basis points more than the five-year U.S. Treasury Notes.

Only three stocks within the Dow are posting a gain -- Chevron (CVX 83.94, +0.75), Exxon Mobil (XOM 76.97, +0.40) and Procter & Gamble (PG 71.42, +0.15). The worst-performing stocks within the price-weighted index are IBM (IBM 123.04, -1.55), JPMorgan Chase (JPM 35.41, -1.34) and 3M (MMM 71.19, -1.26).DJ30 -124.90 NASDAQ -24.00 SP500 -12.33 NASDAQ Adv/Vol/Dec 646/474 mln/1836 NYSE Adv/Vol/Dec 643/260 mln/2259

 

[luv2read]

Thanks. Interesting that Freddie and JPM (BSC buyout) are both taxpayer funded bailouts of failed concerns, especially if the money went into Freddie at the same time JPM is sinking the S&P today.

 

[JTH]

Such an odd looking AGG chart today... :blink:

 

[poolman]

F - Fund

-.01 Today.

 

[poolman]

F - Fund

Currently Down -.01225 or -.01 cent

 

[poolman]

F - Fund

+ .03 cents

 

[JTH]

The F-Fund is on fire and gosh darnet I sure missed that train, or have I?

Anyone have some insight as to where the F-Fund will go from here?

Is it too late to catch the train?

F Fund $12.29