tag:blogger.com,1999:blog-30643134.post1401275285694951838..comments2023-12-26T01:10:26.319-05:00Comments on Accrued Interest: Tanned, rested, and readyAccrued Interesthttp://www.blogger.com/profile/05096191765979971184noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-30643134.post-32691425257657604292007-01-30T07:02:00.000-05:002007-01-30T07:02:00.000-05:00Your point about OPEC is a fair one. What I've hea...Your point about OPEC is a fair one. What I've heard about petrodollar buyers is they are mostly Treasury investors. East Asian buyers are getting involved in agencies, corps, and especially MBS. I talk to big dealer firms every day and lately the MBS traders have been bemoaning the lack of Asian bid. So even if the petrodollar trade pushes rates 50bps higher, I still think the East Asian bid for MBS will re-emerge.<br /><br />I don't know how clear I made this, but my play on Asia will be on MBS and MBS only, not on rates overall.Accrued Interesthttps://www.blogger.com/profile/05096191765979971184noreply@blogger.comtag:blogger.com,1999:blog-30643134.post-45796219029641563812007-01-29T18:26:00.000-05:002007-01-29T18:26:00.000-05:00Asia backing off of the treasury market? According...Asia backing off of the treasury market? According to Bloomberg it's OPEC and they're not backing off they're selling (http://tinyurl.com/ypc4qc). Curious; maybe we'll find out when the December TICS survey results come out in a couple months.<br /><br />Enjoy your blog and appreciate your analysis (but won't be buying any MBS's for awhile I think).Anonymousnoreply@blogger.com