Everyone saw this set-up last summer ... I'm using the weekly TLT chart here instead of the TNX/TYX yield charts, but it's all the same pattern ... in the last few weeks another long set up appeared ... the low on the 30 year bond yield back in January 2015 was 2.226% ... frayed-shirtcuff chartists expect yields to drop below there, maybe significantly below there ... it's just what the chicken bones are forecasting, take it with grain of salt.
Filtering by Tag: bonds
Bonds on Friday
Here's my view of the bonds on Friday ... TBT is the UltraShort 20-year Treasury bond fund ... liquid enough to day trade.
NQ Mobile Inc. Convertible 4% 15/10/18 144A
NQ Mobile sold convertible bonds just prior to the Muddy Waters report. Had some ups and downs, currently 72.145.
NQ 4 18/10/15 CVT PUT
NQ MOBILE INC
S&P 2013/10/16
ISIN: US64118UAA60
COMMON CODE: 098424253
CUSIP: 64118UAA6
SEDOL: BFP6K85
WERTPAPIER: A1HSE4
US64118UAA60
Putable, Convertible
KY / USD
Finance - Finance
Fixed:Plain Vanilla Fixed Coupon, 144A
Bond Issued
Issue Description
Domicile of Issuer:Cayman Islands (KY)
Market of Issue:United States
Name of Borrower:--
Domicile of Borrower:--
S&P Industry:Finance - Finance
Program Type:--
Seniority:Senior Unsecured
Private Placement:Yes
Guarantor:--
ECB Indicator:Not ECB Eligible
Series #:--
Ownership Type:Book Entry
TRFIT US Eligibility Code:144a for QIB
Date Seasoned:--
TRACE Status:TRACE Reportable
Collateral Type:--
Min. Denomination / Increment:1,000.00 / 1,000.00 USD
Convertible Type:Convertible into Equity of the Issuer
Convertible Into:NQ.N
Warrants:No
Clearing House:Depository Trust Co
Exchange Listed:
MARKETAXESS
EU Savings Tax Directive:Yes
Withholding Tax:--
Offering Type:Private placement-144A
Solvability Ratio:100
suance Details
Issue Date / Price / Yield:
2013/10/16/ 100/ --
Issue Spread:-- (--)
Original Issue Amount:172,500,000 USD
Total Issue Amount:172,500,000 USD
Total Price to Public:172,500,000 USD
Announcement Date:2013/10/07
Auction Date:--
MTN:No
Underwriters:DEUTSCHE SECURITIES INC
MORGAN STANLEY & CO LLC
Underwriters:
NameTypeAmount
DEUTSCHE SECURITIES INCJoint Lead Manager--
MORGAN STANLEY & CO LLCJoint Lead Manager--
DEUTSCHE SECURITIES INCBookrunner--
MORGAN STANLEY & CO LLCBookrunner--
Principal / Coupon Information
Maturity Date:
2018/10/15 @ 100
Principal / Coupon Currency:USD / USD
Amount Outstanding:172,500,000 USD
%Amount Outstanding / Total Issue Amount:100.0000%
Coupon Type / Frequency:Fixed:Plain Vanilla Fixed Coupon / Semiannually
Current Coupon / Next Pay Date:4.0000 / 2014/10/15
Coupon Formula:--
Dated / First / Final Coupon:
2013/10/16/ 2014/04/15/ 2018/04/15
Irregular Coupon:First
Ratings
Rating SourceDateRatingWatch Code
Moody's Long-term Issue Credit Rating2013/10/16N/A--
Standard & Poor's2013/10/16N/A--
Bad Auction Bonds
Apparently there was a bad bond auction yesterday ... in any event, there was a beautiful "impulse bar" (an old Linda Raschke term) at 1 PM after which price zig-zagged creating a perfect set-up on the five minute. Below are the TLT and TBT (the short fund) charts which are worth close study:
TLT 5 minute
TBT 5 minute