To my bond traders out there, do you give color on bids when someone is cover or worse?
Thinking about this on desk... do you give color to other traders on where their bid is compared to others? Maybe depending on your relationship or how often you trade them? Obviously no need for color in super liquid markets, but for those of you in deeper more convoluted corners of the street, what's your style?
Analyst 1 in S&T - FI, bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:
More suggestions...
I hope those threads give you a bit more insight.
In MBS generally yes, people are good about telling you if you covered, were further or what your cover was. If you're sticking out its pretty normal to back you up to some reasonable level as well. Some people don't really do this but its kind of an ahole move and I'm pretty sure that if you'd run the numbers you get better execution providing protection.
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