Skip to comments.TREASURIES-Prices jump after Germany bans naked shorts
Posted on 05/18/2010 12:04:43 PM PDT by 6SJ7
NEW YORK, May 18 (Reuters) - U.S. Treasuries prices rose on Tuesday, with the 30-year bond rising a full point, as Germany announced it would ban some short-selling activities and Wall Street stocks turned lower.
Treasury yields hit session lows after Germany's Finance Ministry announced a ban on naked short-selling at major banks. The ban would include a prohibition against naked shorting of euro government bonds. For more, click on [ID:nBAT005467]
Germany did not ban all short-selling of bonds, but by banning naked short-selling -- in which a position is taken on a bond without buying or borrowing the asset to support that position -- the government could make shorting more difficult because the supply of bonds to buy or borrow in such cases can become limited.
"If you can't sell a government bond short, then how is the market going to be deep and legitimate?" said Raymond Remy, head of U.S. fixed income at Daiwa Securities in New York. "I think that is bad for any market, but it just puts a little spook everywhere."
(Excerpt) Read more at reuters.com ...
Naked Shorts PING! < /sarc >
“bans naked shorts”
Woolly mittens too
They’re playing Whack-a-Mole with the markets.............
Parked ... Governments will have things thoroughly screwed up by years end. Socialism, as it always does, goes face down in the mud, and then the rains of global warming comes.
That is correct sir, nobody under 5 foot in height may appear naked in public...
I understand shorts and think they have a place in a legitimate market, but I do not believe naked shorts have a place.
Try a “naked Pass” bet at the next craps table you visit.
for some reason this image is quite disturbing
Call the PPT the stoks is dropping.
How disingenuous. If naked shorts are banned they can still sell the bonds short if they actually have them.
It’s scary you find the pics you do. :O)
Germany bans naked shorts
This is totally hysterical. Everybody should see the above video.
It is a takeoff on those stupid women who paraded nude from the waist up.
It has many hicups, so let it run once (with the sound off so you can be surpised). Then start it up again. It is not offensive.
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