IIRC, it did not end well for them...
Posted on 12/14/2022 8:01:41 AM PST by Kaiser8408a
Apparently, despite the denials from the Biden Administration, someone at Bureau of Labor Statistics or someone in Congress or the Federal Reserve or the Biden Admininstration itself likely tipped the wink on the soft CPI report on Tuesday.
Treasuries were well on the front-foot in the lead up to the below-estimate November CPO print, as a surge of buying took place seconds before the official 8:30 am New York release time. Over a 60 second period before the data, 13,518 March 10-year futures traded as the contract moved from 114-04+ up to 114-22. Gains were then extended up to 115-11 session highs once the data was released.
On the equity side, stock futures suddenly spiked more than 1%. Trading in Treasury futures surged, pushing benchmark yields lower by about 4 basis points. Those are major moves in such a short period of time — bigger than full-session swings on some days. And they should get scrutinized by regulators, long-time market observers say, even if a leak is only one of several possible explanations for why traders suddenly started buying right before the report was published.
Remember that current Treasury Secretary Janet Yellen was accused of leaking information to a NY hedge fund ahead of the Fed Open Market Committee meeting? And then we have the Wolf of Wall Street.
I wonder if the REAL Wolf of Wall Street did this?
(Excerpt) Read more at confoundedinterest.net ...
“Tipped the wink”???
A day doesn’t go by anymore where some new invention in the English language leaves me clueless. This is today’s winner.
If you contract that phrase, do you get “twink”?
.
They can track who did it so...
But it did happen.
Where’s Paul?
That’s gay. Literally.
There’re a lot of insider shenanigans at the tippy top of the financial world. Remember the story of insider trading — very unusual multi-million-dollar shorting, I think it was — a day or two before 9/11? That story sank like a stone and no-one has dared follow up. Or, if they did, they were silenced.
It’s a British expression and not new. I suppose I could dig a little and find out the origin, but I’m not that interested.
Look at 95% of all democrats who came to office poor or middle class and in less than four years were multimillionaires.
The filth at BLM buying all the mansions where so stupid they thought they could get on the democrat white liberal 'elite' gravy train. Sorry kids, that's for Congress level democrats only.
I see it all the time in the lumber trading industry.
Every time the lumber futures has a significant move either up or down in a day is because someone tipped off a trader at the CME in Chicago.
This is really nothing new. It has been happening for years.
No different than Beaks in the movie “Trading Places” with the OJ Futures/crop report.
Our entire system, the whole thing, is a clown show.
Not new. According to ChatGPT: “The phrase “tip the wink” likely originated in the 18th or 19th century. It is thought to have originated as a way of signaling or communicating secretly or discreetly. The “wink” in the phrase refers to closing one eye briefly as a way of indicating that something is being said or done in a covert or secretive manner. This phrase is still in use today, though it is not as common as it once was.”
Thanks...that is interesting. We all know what a “wink” is, but I’ve never heard the phrase “tip the wink” before.
Merriam Webster says “British, informal. : to give secret information to (someone), ‘How could he have known about the plan? Someone must have tipped him the wink.’”
I’ve worked with a lot of Brits and heard a lot of their saytings but never that one.
I worked with one American who must have used “Bob’s your uncle” ten times every week.
Could someone point me to a reference to what the interest rate should be, with inflation, etc.? I’ve seen it before, but can’t seem to find it.
I believe the same concern was raised some years ago about suspect trading based on prior insider knowledge on the Michigan Consumer data.
I think they may have caught the perps on that one.
IIRC, it did not end well for them...
Turn the machines back on!
Congress....where people spend millions to get a job that pays “thousands”
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