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Bond Selloff Accelerates

Tyler Durden's picture




 

The $42 billion 2 year note auction closed earlier and was a disappointment:

- Yields 1.080% vs. Exp. 1.058%
- B/c 2.75 vs. Avg. 2.95 (Prev. 3.19)

- Indirect bids 33% vs. Avg. 50.69% (Prev. 68.86%)

- Allotted at high 21.59% (BBG)

The selloff across the bond curve picks up, with the 10 Year about to go red for the day, even as equities have fooled the T-800 army to bid stocks up amongst each other.

 

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Tue, 07/28/2009 - 14:01 | 17060 Anonymous
Anonymous's picture

Effing Machines!

Tue, 07/28/2009 - 14:03 | 17063 texpat
texpat's picture

Fuck * 100,000,000,000,000. I just looked at the Dow. It's the same f*ing shape.

Has someone been instructed to *save* the Dow?

That orange line is the NASDAQ right?

Tue, 07/28/2009 - 14:06 | 17071 texpat
texpat's picture

Fuck, is this a bond panic?

What can be done? Bump up rates? Dump dollars?

Watching O on his town hall. Those fat AARP jackasses don't know what's going to hit them.

Tue, 07/28/2009 - 14:11 | 17080 Anonymous
Anonymous's picture

Hey, only Rahm is supposed to use the F word here! :^)
Hey, you look just like me! Are we what they call two-bagger ugly?

Tue, 07/28/2009 - 14:13 | 17086 texpat
texpat's picture

sorry, I'm wearing my wife's bag today.

Tue, 07/28/2009 - 14:04 | 17067 Anonymous
Anonymous's picture

who has been manipulating the usdx all morning
and this pm?? and how? it was 78.34 very early
this morning eastern usa time and now it is almost
near 79....^tnx has done a spectacular v move....
someone somewhere is shitting in his pants
about something - probably the usd....

Tue, 07/28/2009 - 14:24 | 17105 Anonymous
Anonymous's picture

Well, the Chinese are in Washington.

Tue, 07/28/2009 - 14:27 | 17109 Project Mayhem
Project Mayhem's picture

precisely

Tue, 07/28/2009 - 15:40 | 17212 deadhead
deadhead's picture

Please be kind to our Chinese lending overlords.

In their honor I will go to the local Dollar Store after market close and buy some plastic, um, er...stuff.

Tue, 07/28/2009 - 15:14 | 17187 Anonymous
Anonymous's picture

third try at 78.34.. typical action in it since 7/23/09. sells off in asia (while GC runs into comex wall) and magic bid when it rolls into NY (and london). who? who do you think?

Tue, 07/28/2009 - 15:21 | 17198 curbyourrisk
curbyourrisk's picture

Me-thinks the dollar rally was due to the need to by all those pesky bonds in the first place.  People had to sell gold to raise the USD as the Treasuries are only bought in USD.

 

More bond sales tomorrow...the next day.....and then some and then some.

 

I still say we have support in the dollar....and could even go long here.

Tue, 07/28/2009 - 14:04 | 17068 SWRichmond
SWRichmond's picture

Fun ride on the Ten-Year today.

Tue, 07/28/2009 - 14:07 | 17073 Anonymous
Anonymous's picture

The bond market is TBTF. Ha!

Tue, 07/28/2009 - 14:12 | 17082 SV
SV's picture

Tyler - Thanks for the update, keepum coming so people can see that info coupled with your earlier post from GX Clarke makes this actually look a LOT worse than they will paint it.

Tue, 07/28/2009 - 14:12 | 17083 Anonymous
Anonymous's picture

Somehow this is just great for stocks!

How could it be? IT IS DEATH to the economy.

This stock market rally has been a total bogus manipulation that can only serve to cause greater mayhem in the days/weeks/months ahead. All involved belong in prison.

Tue, 07/28/2009 - 14:31 | 17116 Anonymous
Anonymous's picture

All day long a PLAYER could have bought SPY at 97.50 or less and now MAGIC why the market is going up. Who all of a sudden thinks the market is worth more at 200 pm? This Magic trick is getting really old, volume is low , no one is participating and yet the magic continues. This along with the bond and dollar tricks are going to go down in flames. The question is not if but when.

Tue, 07/28/2009 - 14:12 | 17084 Anonymous
Anonymous's picture

Great.

Only about another $100 billion more to sell this week.

Tue, 07/28/2009 - 14:16 | 17091 Anonymous
Anonymous's picture

whats another 100B? just run presses overnight...

Tue, 07/28/2009 - 15:35 | 17208 aldousd
aldousd's picture

And it's.... GONE!

Tue, 07/28/2009 - 14:21 | 17097 Miles Kendig
Miles Kendig's picture

What is the total interest rate swaps GS has out on the 4%+ 10yr?

Tue, 07/28/2009 - 14:26 | 17107 Anonymous
Anonymous's picture

short the stock market it's ready for the plunge

Tue, 07/28/2009 - 16:00 | 17242 FatuousTwat
FatuousTwat's picture

Many of the technical guys point to August 23.

Tue, 07/28/2009 - 14:32 | 17117 Anonymous
Anonymous's picture

When equities turn, it's going to be lights out.

Tue, 07/28/2009 - 15:01 | 17169 VegasBD
VegasBD's picture

I hope youre right for my own sanity. None of this makes sense if it doesnt????

Tue, 07/28/2009 - 14:53 | 17155 Anonymous
Anonymous's picture

Orange line 10yr - blow up the graph !!
Not the Naz being saved its the QQQQ , Naz in sympathy by day traders

Tue, 07/28/2009 - 14:59 | 17164 Anonymous
Anonymous's picture

what do you need, so America can force a comeback?
Look at the 40's

America started to make stuff everybody wanted and nobody had. = Technology

we don't want it to crash, because these guy rely on R&D and with a high stock price, they can sell off stock to finance it. In theory.
If "someone" would want to protect it (and it makes sense), it would be like the govrn. is financing these companies indirectly (just like china does).

Now who would they use to pull that trick? Because once you own 3%...

whe has a lot of shadow firms... who can work in the dark...
somebody stealthy... : CIA?

Tue, 07/28/2009 - 16:11 | 17255 OrganicGeorge
OrganicGeorge's picture

Ya know I've been saying these markets don't make sense for the last 15 years.  I guess I was right but that didn't mean the market would self correct due due to the obivious.

 

Cry you book to someone who cares.

Tue, 07/28/2009 - 18:45 | 17477 Anonymous
Anonymous's picture

Bond sale and dollar propping should be a piece of cake. $500 billion went to some foreign country or something. Its doing its job.

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