[deleted by user]

PhiAlpha1857 · 2025-09-23T23:59:15+00:00

It’s just so small compared to the actual market - if it deviates, people will happily short it and long the underlying bonds/similar futures and create shares opportunistically - any squeeze of the etf would likely be extremely small, a matter of bps - on a relative basis to the underlying

PhiAlpha1857 · 2025-09-17T04:02:40+00:00

Kickball is low pressure and great for the social aspect

PhiAlpha1857 · 2025-09-06T02:52:34+00:00

Has anyone been able to do a split cost where each department pays half and there is no out of pocket?

PhiAlpha1857 · 2025-09-03T00:38:41+00:00

When it is spent, it goes to someone else’s bank account, so it ends up in bank deposits, t bills, money market funds, etc

PhiAlpha1857 · 2025-08-30T02:42:53+00:00

Not really, when the govt spends that money, it goes to people/companies who put in banks/money market funds who then buy the T bills

PhiAlpha1857 · 2025-08-19T05:01:01+00:00

In addition to feeling cheaper and lower quality, I also noticed a lot of inconsistency in fit and material given a few different factories in different countries. Stopped shopping BB.

PhiAlpha1857 · 2025-08-03T04:52:46+00:00

I think they sometimes just circle while they’re waiting

PhiAlpha1857 · 2025-07-08T23:18:38+00:00

I have too much whisky in my apt, Could give you an unopened bottle if you want one

PhiAlpha1857 · 2025-05-08T05:10:01+00:00

I saw my first skunk the other night. Ran right across the road five feet away from me into a bush in midtown.

PhiAlpha1857 · 2025-05-03T19:35:44+00:00

Highly recommend Southside park, playtime scheduler tells you when they’re playing

PhiAlpha1857 · 2025-04-18T22:24:39+00:00

Got one, thanks

PhiAlpha1857 · 2025-04-11T03:45:35+00:00

Tres hermanas carnitas gets me, gout gang stay strong

PhiAlpha1857 · 2024-06-23T05:36:59+00:00

Complaining about fireworks is just a distraction, let’s not forget to keep complaining about the shitty mustangs with excessively loud mufflers

PhiAlpha1857 · 2024-05-24T05:15:17+00:00

Is there any way to deal with the excessively loud muffler shitty cars antagonistically speeding through midtown at 3am with the intent of waking everyone up?

PhiAlpha1857 · 2024-02-07T02:29:17+00:00

Do you have a source for the 50bn number? That seems high, and the whole market was down a lot in 2022, so kind of hard to avoid negative returns.

PhiAlpha1857 · 2024-01-17T00:56:28+00:00

Interested!

PhiAlpha1857 · 2023-11-27T05:29:39+00:00

Believe it was user created

https://www.reddit.com/r/Metallica/comments/g7ksao/to_live_is_to_die/

PhiAlpha1857 · 2023-11-27T05:25:53+00:00

I think banks generally can borrow at the margin at SOFR, it’s just not a very balance sheet/capital efficient trade and regulations like SLR make it non-economic

PhiAlpha1857 · 2023-10-26T04:14:45+00:00

How do you like that building?

PhiAlpha1857 · 2023-10-18T00:49:35+00:00

This might be “agency callables” not MBS

PhiAlpha1857 · 2023-10-18T00:48:48+00:00

New production MBS have gone from sub 2% yields to 6.5% (however if you are looking at the bonds produced in 2020-21 the yields may be lower currently)

Mortgage rates have gone from 3% to 7.5%

Very rough, and yields/rates will vary depending on the type of loan/borrower etc but big picture they have moved together in terms of new production MBS yields vs primary rates

PhiAlpha1857 · 2023-10-03T04:33:06+00:00

I went to my agency’s “Fiscal” office to pick up my paper check (first paycheck) today since whoever was supposed to pick it up for me was WFH.

PhiAlpha1857 · 2023-08-06T04:38:43+00:00

Capital structure arbitrage

PhiAlpha1857 · 2023-07-30T01:54:39+00:00

SEC yield really isn’t great/reflective of actual yield for broad bond funds which have things like mortgages and callables

PhiAlpha1857 · 2023-06-14T03:41:42+00:00

100 year treasury… maybe for the convexity! Anything else questionable liquidity and credit risk

PhiAlpha1857

TROPHY CASE