You're now on the archive server. Commenting has been disabled.
Any relation to the Dollar tanking?
TSY's sold - rates lower, stocks up, (for now) gold up, I'm getting a headache, my vision is blurred - up is down, black is white - cats and dogs living in harmony...
Notice the 30-year T has gained back all of its day's gap down as of 118pm EDT. The $ should melt up this pm till the daily equities ramp at 3:30.
Virtually an insatiable appetite for AAA-rated, "gilt-edged" U.S. bonds.
Amazing how investors continue to lap these up, willing to accept a paltry 3.4% return for the next 10 years.
I am not so sure that it isn't the taxpayers lapping them up.
Investors aren't lapping them up, the Fed is through their various proxies. Hell, I waiting for the day when the Fed calls little ole me and asks me to front for them. :>)
That is an ugly indirect bid to cover. Three years is too long for their tastes...
The PD's have a risk appetite and wanted to be paid for it. Ben took the diet salad away for himself.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
Notice on Racial Discrimination.