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Got Dramamine? 30 Year Vol Surges As Long Bond YoYo Continues

Tyler Durden's picture




 

Up, down, up, down. The daily volatility in the 30 year is now openly inducing nausea in the $60 trillion bond market. But at least the Fed is clearly instituting price stability for 98 years running.

Expect to see a break out in MOVE any...minute...now

 

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Wed, 07/20/2011 - 10:55 | 1473682 JimRogers
JimRogers's picture

Confetti bitches!

Wed, 07/20/2011 - 10:58 | 1473701 trav7777
trav7777's picture

but what kind of confetti?

You have some kinda aversion, don't you, to just saying it

Wed, 07/20/2011 - 11:15 | 1473785 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I'll say it...

Catholic confetti.

Wed, 07/20/2011 - 12:23 | 1474135 jeff montanye
jeff montanye's picture

and the argument for it is as follows:  the greatest impediment to honest government, oxymoron though it is, is campaign contribution reform especially re corporations and the vastly wealthy.  the greatest impediment to such reform is the supreme court which regards such as unconstitutional restriction of free political speech by said corporate "persons" and the vastly wealthy.  the votes for that supreme court position are from five catholics (kennedy, scalia, roberts, alito and thomas).  the sixth, sotomayor is yet to be heard from and does not seem as reliable as the others on this matter.

Wed, 07/20/2011 - 11:16 | 1473788 JimRogers
JimRogers's picture

trave7777: Not sure I follow. You asking me to tip my hand?

Wed, 07/20/2011 - 11:22 | 1473810 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Clock

Wed, 07/20/2011 - 11:35 | 1473844 Libertarians fo...
Libertarians for Prosperity's picture

He's wanting you to say "Jew" confetti, because Trav has become, sadly, a fucking KKK lunatic.

There was a time when the guy posted pretty damn cool stuff.  Now all he does is drag his knuckles from thread to thread, day after day, posting his redneck, trailer-park, KKK buffoonery.

 

 

Wed, 07/20/2011 - 11:41 | 1473918 fuu
fuu's picture

Sort of like JW in FL.

Wed, 07/20/2011 - 11:45 | 1473935 ItsEvolutionBaby
ItsEvolutionBaby's picture

Truth hurts.

Wed, 07/20/2011 - 12:14 | 1474053 Libertarians fo...
Libertarians for Prosperity's picture

 

Maybe, but there's a real difference between Trav and JW.

JW comes from generations of money, at least that what he pompously brags about all the time. JW is your typical rich, disrespectful pig and you can see it in his posts - often long, obnoxious, drunken, thread-destroying, cut/paste garbage that disrupts entire conversations. You can see the sense of entitlement in the garbage he posts, and the selfish way he does it. He's the typical Palm Beach, Rodney Dangerfield character who still farts on the dance floor and pukes in the planter. We all know the guy that's too rich to be mannered.  

Trav is a different kind of pig. He probably comes from the southern trailer park culture - no money, at all. He's probably the first person in his family to go to graduate school and the first in his family to use a fork and knife.  That, too, you can see in his writing.  There's no sense of rich entitlement in Trav's posts - just rage, anger and hatred because once he entered the real world, the sad truth hit him: no matter how smart he is, his life would still be a struggle because he doesn't quite fit in, doesn't have the connections of the elite, the plutocrats, or those damn jews who control everything.  All those people less intelligent than him have the one thing he doesn't: connections.  He's the summa cum laude guy who still gets the raw deal after graduation because he doesn't. fit. in. 

You can take the guy out of the trailer park, but you can never take the trailer park out of the guy.  And that will forever drag him down

.... y'all. 

 

 

Wed, 07/20/2011 - 13:00 | 1474288 fuu
fuu's picture

I bow to your deeper understanding of their natures.

Wed, 07/20/2011 - 21:48 | 1475880 StychoKiller
StychoKiller's picture

Gideon come in with his eyes on the floor --
Says: Y'ain't got a hinge, you can't close the door.
Moses stood up a full six foot ten --
Says: You can't close the door when the wall's caved in!
I asked him for water, he poured me some wine.
We finished the bottle then broke into mine.
You get what you come for, you're ready to go;
It's one in ten thousand just come for the show!

 

Know where I'm comin' from?

 

Wed, 07/20/2011 - 12:21 | 1474124 IQ 145
IQ 145's picture

 reply to the post itself; I'm not interested in whatever this bitching about confetti means; with regard to the post itself; you shouldn't be looking at these charts. Look at the "US Bond Chart" on the CME.com website. the drama is greatly exaggerated here. It's just another week in the bond market; they go up and down. 

Wed, 07/20/2011 - 10:55 | 1473683 JimRogers
JimRogers's picture

Confetti bitches!

Wed, 07/20/2011 - 10:56 | 1473686 Xibalba
Xibalba's picture

no comment.

Wed, 07/20/2011 - 10:58 | 1473699 Version 7
Version 7's picture

"Better than cocaine"..

Wed, 07/20/2011 - 11:01 | 1473724 GeneMarchbanks
Wed, 07/20/2011 - 10:58 | 1473703 Silver Bug
Silver Bug's picture

Trading like junk bonds, wait a second, that is exactly what they are. If not worse.

 

http://silverliberationarmy.blogspot.com/

Wed, 07/20/2011 - 11:16 | 1473787 SheepDog-One
SheepDog-One's picture

But wait, as long as there are promises of more paper confetti, that means 'all is well' and bullish!

Wed, 07/20/2011 - 10:58 | 1473708 GeneMarchbanks
GeneMarchbanks's picture

Bring the chart porn Tyler. I want more! More of this please!

Wed, 07/20/2011 - 10:59 | 1473710 slaughterer
slaughterer's picture

Does this yoyo action have a meaning or interpretation?

Wed, 07/20/2011 - 11:08 | 1473759 GeneMarchbanks
GeneMarchbanks's picture

'Does this yoyo action have a meaning or interpretation?'

Looking for causal attribution, are we Mr slaughterer? So soon. Nothing has any meaning anymore, pal.

 

Wed, 07/20/2011 - 11:37 | 1473890 JohnG
JohnG's picture

Treat it as a drinking game, makes it a little less horrible.....easier to take anyway.

Wed, 07/20/2011 - 11:11 | 1473771 francis_sawyer
francis_sawyer's picture

Rocky Balboa on yo-yo's...

"You hang out with smart people, you get smart friends. You hang out with yo-yo people, you get yo-yo friends! Y'see, it's simple mathematics."

Wed, 07/20/2011 - 10:59 | 1473712 Careless Whisper
Careless Whisper's picture

word of the day, courtesy of larry summers on cnbc

explication

http://dictionary.reference.com/browse/explicate

 

Wed, 07/20/2011 - 11:03 | 1473734 GeneMarchbanks
GeneMarchbanks's picture

Also rhymes with: hyper-inflation.

Wed, 07/20/2011 - 11:20 | 1473801 geminiRX
geminiRX's picture

That some good banksta rap!

Wed, 07/20/2011 - 11:04 | 1473737 scatterbrains
scatterbrains's picture

If the vigilanties keep pushing the issue the berstank is gonna tank equities. Keep pokin the tiger bitches.

Wed, 07/20/2011 - 11:04 | 1473738 Stoploss
Stoploss's picture

Is this due to the mexican standoff between the dollar and euro?

Those two have a real problem right now. They are deadlocked

and both set to go the wrong way.

Wed, 07/20/2011 - 11:14 | 1473782 GoinFawr
GoinFawr's picture

The MXN stands to do well in such a showdown.

Wed, 07/20/2011 - 11:26 | 1473827 francis_sawyer
francis_sawyer's picture

Like having a 'humidifier' & 'de-humidifier' locked in a room battling it out...

Wed, 07/20/2011 - 11:04 | 1473739 dumptakn
dumptakn's picture

What does it all mean? all this information?

It means its dump taking time.

Wed, 07/20/2011 - 11:06 | 1473748 Misean
Misean's picture

It's funny, just before things fail completely, parts break loose and flap about...

Wed, 07/20/2011 - 11:11 | 1473770 Cdad
Cdad's picture

just before things fail completely, parts break loose and flap about...

As good an explanation for the behavior of the 30 year as any.

I expect this particular signal of distress to intensify this week.

Wed, 07/20/2011 - 11:18 | 1473794 SheepDog-One
SheepDog-One's picture

But Cdad isnt 'all is well'? I hear more deliveries of duct tape and bubble gum are being promised!

Wed, 07/20/2011 - 11:34 | 1473869 Cdad
Cdad's picture

The only people confused about how the debt situation is NOT sustainable are criminal syndicate Wall Street bankers and the Senate.  I like my chances betting against the next duct tape plan, Dog.

 

Wed, 07/20/2011 - 21:54 | 1475896 StychoKiller
StychoKiller's picture

The wheel is turning
and you can't slow down.
You can't let go
and you can't hold on.
You can't go back
and you can't stand still!
If the thunder don't get you
then the lightning will!

Small wheel turn by the fire and rod.
Big wheel turn by the grace of God.
Everytime that wheel turn round,
You're bound to cover just a little more ground!

-- Grateful Dead, "The Wheel"

Wed, 07/20/2011 - 11:11 | 1473767 francis_sawyer
francis_sawyer's picture

.

Wed, 07/20/2011 - 11:10 | 1473768 PaperBear
PaperBear's picture

Gold/silver have finally ripped up again.

Wed, 07/20/2011 - 11:11 | 1473769 scatterbrains
scatterbrains's picture

RBOB is clearly setting up to launch up over the highs. They better fast track that chained cpi.. or will they back date it a few years?

Wed, 07/20/2011 - 11:15 | 1473784 malikai
malikai's picture

Looks a lot like the action in gold+silver.

Wed, 07/20/2011 - 11:15 | 1473786 scatterbrains
scatterbrains's picture

I'm guessing as long as the long end of the bond market can tank without affecting equities they will buy pm's hand over fist. The moment the bond market spooks the stock market though, I think the whole shit house, pm's and all will come a tumbling down.

Wed, 07/20/2011 - 11:24 | 1473821 slaughterer
slaughterer's picture

These bonds are supposed to be a safe haven store of value.  Suddenly they are trading like a high-beta, low-cap momo stock.  WTF?  Get Obama on the screen!   /sarc  

Wed, 07/20/2011 - 11:31 | 1473848 SheepDog-One
SheepDog-One's picture

30 year bonds arent even supposed to budge, yet now trading like a .com bubble stock on earnings day. Ah but all is well.

Wed, 07/20/2011 - 11:22 | 1473812 monopoly
monopoly's picture

Well miners may come down on a bond dump but I truly believe they will be the first to recover and move to new highs. For now, enjoy. GDX over 61 gives us lift-off.

Wed, 07/20/2011 - 11:56 | 1474004 cosmictrainwreck
cosmictrainwreck's picture

OK, I'll bite..... give me a feel for "lift-off". GDX already +9% in the past 6 days

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