This page has been archived and commenting is disabled.
10 Year on fire since yesterday, now over 20 bps wider.
2s10s also starting to look like a ski jump ramp straight out of Innsbruck.
- advertisements -
Contact Information:
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
Suggested Reading:
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy.
watch out if the CPI tomorrow comes in hot, on the heels of today's PPI.
What's up with the huge purchase action in the 2011's with such a low coupon? (T 00.875 05/31/11 for $2.218bil).... I frankly don't get that strategy unless they're locking up the curve and idiot managers continue to buy in the front and get shook loose for a loss when the market takes off..... (and yes, we will get another tax payer fueled rally, all the bears gotta be shook loose and humiliated first)
This is people putting on the inflation/recovery trade again. Why no discussion about the PPI numbers today?
TD, Intel rocked vs expectations animal spirits are
ready to take market to new yearly highs although
Dell's numbers were less than desired.
inflation is not around the corner....take out the gas price figures and we were VERY mild.
inflation is not around the corner
It doesn't matter, the trade is buy equities, or find an excuse to buy equities, and keep buying equities. Unless it's auction week. Then sell just enough equities to cause a flight to Treasuries, soak up the supply and let the short interest and vol spike, then sell vol, ramp futures, sit back during short covering rally, run programs until indices cross key level XYZ, lather, rinse repeat.
Inflation is eating away at the economy in the form of massive overcapacity that still lays on our economy like twinkie crumbs on the chest of a 350 lb woman after her afternoon snack. We exported our inflation bubbles to the world in the form of debt in exchange for cheap crap and in the ridiculous overproduction of everything. If the Fed and the US Gov't capitulate to the natural deflation that needs to takes its course, then inflation will be put to rest. Otherwise, creating more and more debt to avoid what cannot be avoided IS inflation. The debt inflation monster is alive and well, devouring the paper thin operating margins of businesses and the general public.
Flash Update July 14th, 2009
• June Retail Sales Gain Due to Rising Inflation • "Core" Monthly Retail Sales Rose 0.26% versus Total 0.65% • PPI Inflation Surge Reflects More Than Oil Prices, Annual Change Reverses Direction of 10-Month Downtrend • Gross Federal Debt Up More Than $2 Trillion Year-to-Year
http://www.shadowstats.com/