@edzitron Isn’t it the same thing NVDA did in 2002 with one of its vendors?
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Abhi Singh
484 posts
Free Newsletter: Anthropic claims it will be non-GAAP EBITDA profitable for Q2 2026 by having SpaceX discount its compute costs for May/June. Its economics remain unprofitable, and its CFO's affidavit from March makes reported revenues hard to reconcile. wheresyoured.at/anthropics-pro…
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PSA
Calm down folks
Let's say a new 5 year bond is auctioned with maturity of say 6/1/2031 and its coupon is 4.25%.
IF a note with a longer initial maturity exists that happens to have the same coupon and maturity of the new bond. Say for example a 7 year bond issued on 6/1/2024 to mature on 6/1/2031 with a coupon of 4.25% the treasury delivers that bond instead of creating a new bond with a new cusip. Just good housekeeping.
*Walter Bloomberg@DeItaone
U.S. TREASURY FLAGS UNSCHEDULED NOTE REOPENINGS The U.S. Treasury said auction results for its 2-year and 5-year notes could trigger unscheduled reopenings of 5-year and 7-year securities if yields clear specified thresholds. The potential adjustments would depend on auction outcomes falling within defined yield ranges.
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@BickerinBrattle @BickerinBrattle what are your thoughts for the rise in yields?
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And don't forget your networth is about 150 trillion to 200 trillion. In other words, an abstract like the surface temperature of the sun. You are gonna be risk free for at least the rest of this century.
EconstratPB@EconstratPB
Pro tip: the sovereign issuer of the global reserve currency, which has a perpetual tax claim on income and assets on the biggest economy on the planet, is not treated like a person by markets. This is dumbest shit. And if choose to believe this you deserve to lose money.
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Between 2:00-4:00 QYLD will buy back the 3800 26700 calls expiring tomorrow they sold a month ago at $570. That buying will create 11BN of deltas to buy. Front running likely starts soon.
The daily leveraged ETF rebalance is not particularly big but in the same direction.
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@dampedspring MU earnings show revenue doubling on flat costs, inventories and capex. Does that seem odd to you?
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@BickerinBrattle May that’s the incentive for war? Increase spending like COVID.
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yep Trump policy has completely fucked the USA will take years to clean up the mess. it is comvered up so the majority dont appreciate how badly he has done by AI bullshit and reality TV episodes events (now UFOs)
sooner or later "reality bites"
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@dampedspring The flow seems very inelastic buying. Is it all from rebalancing?
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I'm sidelined in equities because I know the type of mistakes I will make and they are painful. Hope it goes better for all of you new to this.
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@dampedspring The gap between GAAP and Adj. is also widening a lot.
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Where the low earnings growth expectations at? It's not just memory
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@BickerinBrattle Are you still tacking the net flow from Treasury DTS? Is it still negative? Lots of chatter about easing fiscal conditions.
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@abhisingh474 yes sir ~10.5k SPX size in 21k ES
I'll find context/color if you want
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@abhisingh474 It was the negative gamma JHEQX collar overshoot.
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Had a pretty good month. Made a few pretty good calls. Pounded the table at the right time. Botched many many executions. Mostly humbly didn't express much certainty at all.
Just did what we do at dampedspring.
Don't have to celebrate in the end zone or defend bad calls. Just back to work.
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@BlacklionCTA How wide do you normally trace NQ spreads? They hold premium really well.
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@BlacklionCTA How do you know if some bond is trading special in GCF?
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$44B of 7Yr notes on the wall tomorrow at 1E. Gird your loins, these aren't trading special.
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