Wednesday, 1 October 2014
PIMCO's - Redemption Song
PIMCO's redemption song
Of positions, yes, they rob I;
Sell I to the merchant banks,
Minutes after they took I
I still hit their bottomless bid.
But my hand was made wrong
By the 'and of Gross Almighty.
We forward this liquidation
Dispondently.
Won't you help to sell
All these bonds, don't need 'em -
Sell everything I have:
Redemption sell;
Redemption sell.
Emancipate ourselves from mental slavery;
Now that ourselves have freer minds.
Have the fear of Bill no longer
'Cause he's gone and it's about time.
But how long shall he kill our profit
While we stand aside and look? Ooh!
Some say we should sit on it:
But we've got to unwind de book.
Won't you help to sell
All these bonds, don't need 'em-
Sell everything I have:
Redemption sell
Redemption sell
Redemption sell.
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2 comments:
I don't know how this changes things but there aren't many bonds to sell. Was all derivatives last time I checked, which fortunately was the reason we avoided them yrs ago
Thanks Corey, but never let the truth stand in the way of a good story ( or song).
But even if they are derivatives, every derivative has a hedge link back to the underlying so trading the derivative does pull the price of the underlying.
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