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Wildebeast Heard Shifts From Dumping All Long Bonds To Lifting Every Available Offer

Tyler Durden's picture


While it is easy to ignore the latest delayed and frankly laughable melt up in stocks, which reacted to nothing but Bloomberg headlines even as the "Gangbang of Three hundred million" information was well in the public domain, and have surged on the usual and now much adored low-to-no volume move, the move in bonds is far more troubling for the simple reason that unlike stocks (recall that most fast money asset manager are now in cash and just intraday HFTs and day traders rely on the S&P, as well as the dumb money of course) bonds are far more critical. And it is there that we have a truly unprecedented buying rampage, with an emphasis on the 30 Year, which has moved from being most hated this morning to most loved in the span of a few hours: a move which courtesy of massive leverage has left many holders with a whiplash induced concussion. And since the Congress has said absolutely nothing good about this news, expect the same whiplashing that we saw out of Europe on every headline to make its way to the US bond market.


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Tue, 07/19/2011 - 14:20 | 1471170 Uncle Remus
Uncle Remus's picture

Wildebeast herd indeed. And that's being polite.

Tue, 07/19/2011 - 14:29 | 1471214 TaxSlave
TaxSlave's picture

Not to be a speeling notsy or anything, but I looked in vein for the pun. /s

Shouldn't it be wildebeest herd?

Or did I miss the joke somewhere?

Edit: Never mind, I got it.

Tue, 07/19/2011 - 14:33 | 1471239 stewie
stewie's picture


Tue, 07/19/2011 - 14:37 | 1471266 TruthInSunshine
TruthInSunshine's picture

Q:     Why did the bond trader go into the closet?


A:    To change his long term, macro view, investment paradigm.

Tue, 07/19/2011 - 14:42 | 1471301 Jonas Parker
Jonas Parker's picture

More like lemmings...

Tue, 07/19/2011 - 14:50 | 1471346 Uncle Remus
Uncle Remus's picture

Waaay too docile an image. And not enough heavy breathing.

Tue, 07/19/2011 - 14:20 | 1471171 PaperBear
PaperBear's picture

Wild gyrations in gold/silver too.

Tue, 07/19/2011 - 14:38 | 1471276 Dane Bramage
Dane Bramage's picture

Big time.  Whiskey Tango Foxtrot, over.

Tue, 07/19/2011 - 14:41 | 1471291 Uncle Remus
Uncle Remus's picture

Did you check the inertial dampeners?

Tue, 07/19/2011 - 14:43 | 1471307 Dane Bramage
Dane Bramage's picture

Peak Dilithium Crystals cap'n!!

Tue, 07/19/2011 - 14:53 | 1471367 TaxSlave
TaxSlave's picture

Did you check the inertial dampeners?

I'm dampening mine as I sit here.

Tue, 07/19/2011 - 14:59 | 1471385 TaxSlave
TaxSlave's picture

Damned dup.

Tue, 07/19/2011 - 14:20 | 1471176 virgilcaine
virgilcaine's picture

Big pump for the euro dump.. watch out below.

Tue, 07/19/2011 - 14:59 | 1471387 assumptionblindness
assumptionblindness's picture


Tue, 07/19/2011 - 18:52 | 1472222 unununium
unununium's picture

You bet your stutterin', Beavis lovin' arse it is.

Tyler's reconvergence WILL NOT FAIL.

Tue, 07/19/2011 - 14:22 | 1471183 SovietCong
SovietCong's picture

And on the same waive gold drops like a stone to 1586 within minutes... BTFD.

Tue, 07/19/2011 - 14:24 | 1471190 slaughterer
slaughterer's picture

I expected the dump in PMs.  The move lower is not finished.  Be careful with BTFD on PMs right now. 

Tue, 07/19/2011 - 14:58 | 1471383 Uncle Remus
Uncle Remus's picture

Collateral damage is expected with all the flailing about. Keep you arms and legs inside the ride at all times.

Tue, 07/19/2011 - 15:00 | 1471391 TaxSlave
TaxSlave's picture

You can't knock the jockeys off the lawns without taking a little risk.

Tue, 07/19/2011 - 16:12 | 1471664 Uncle Remus
Uncle Remus's picture

down in the dew

Tue, 07/19/2011 - 14:26 | 1471200 Dr. Engali
Dr. Engali's picture

I for one would like to see gold get beat down temporarily. I want to pick up some more.

Tue, 07/19/2011 - 15:23 | 1471471 MsCreant
MsCreant's picture

Your wish is their command, $1583. And it is transitory, and a tradition too.

Tue, 07/19/2011 - 14:25 | 1471192 ads56
ads56's picture

And the Euro drops like crap and mr market does not give a crap. My oh my. Earnings are great!!! Gee I am so fking shocked. Our banana dollar is down 30% and we are so dumbfounded that earnings are up. Companies sell overseas get paid and turn it into worthless banana dollars.

What a ponzi scheme

Tue, 07/19/2011 - 14:26 | 1471197 virgilcaine
virgilcaine's picture

Gold is due for a normal decline.. but the stampede into Treasuries is alarming.  Like someone knows something alarming.

Tue, 07/19/2011 - 14:36 | 1471258 stewie
stewie's picture

If 1568 holds I'm loading up.

As for Bonds buying, I thought the ECB "temporary default of Greece" did it?



Tue, 07/19/2011 - 14:26 | 1471198 russwinter
russwinter's picture

 We will soon enough find out how markets perform without status quo government heroin. Ask yourself how most business will perform with a significant pull back in the Gumnut gravy train.  This is what I am keying on.

Enacting a $500 billion down payment that would secure immediate deficit savings, while establishing a fast track process for thecommittees in Congress to specify further savings.Impose statutory discretionary spending caps through 2015.

Tue, 07/19/2011 - 14:26 | 1471202 TooBearish
TooBearish's picture

GS underwriting some big corporate bond deals - they know "investors" love to buy strength and sell weakness

Tue, 07/19/2011 - 14:31 | 1471232 Jambo Mambo Bill
Jambo Mambo Bill's picture

I expect this pull back to be short! There is nothing else out there looking better than PMs , maybe this move is only to free the trapped shorts. If that's so by Asia time we should see a recovery quite quickly IMO

Tue, 07/19/2011 - 14:31 | 1471233 HungrySeagull
HungrySeagull's picture

Watch out for the black tipped tailed and ears above the grass as the cats prowl seeking out the weak who are not able to keep up with the herd.

Tue, 07/19/2011 - 14:32 | 1471236 Bansters-in-my-...
Bansters-in-my- feces's picture

Looks like the Fucking Pig-Dog Manipulators (PPT) have pulled out their ESF Fund to play a little Hanky-Panky with the markets today.

Hey Little Timmy G ...if you are reading this...Fuck You you piece of shit.

Tue, 07/19/2011 - 14:33 | 1471245 monopoly
monopoly's picture

This is good for gold, miners, too many players, this will flush them out and let them go back to LULU AMZN and CMG. You know the momo stocks with PEs of 1,000+. Overdue on this sale. Just keep mumbling, Obama, Geithner, Bernank and Reid and tell me you want to sell your gold. lol

Tue, 07/19/2011 - 14:34 | 1471246 Bansters-in-my-...
Bansters-in-my- feces's picture

Ya gotta wonder why ZeroHedge does not put the comments in time stamped order...???Uh..?

Tue, 07/19/2011 - 14:48 | 1471334 Bob
Bob's picture

I believe it does.  But if, after posting, you edit your comment it retains its position while the time stamp is "updated."

Tue, 07/19/2011 - 14:35 | 1471254 pods
pods's picture

gangbang of 300 million.



Tue, 07/19/2011 - 14:35 | 1471257 RobotTrader
RobotTrader's picture

Best of all worlds:

Crashing bond yields (inciting more animal spirits)

CRB Index selling off (yep, inflation was whipped again)

And stocks are up (good for business confidence)

Tue, 07/19/2011 - 14:44 | 1471313 monopoly
monopoly's picture

Robot, what planet are you on. Might check out AGU MOS and POT and advise how we have lower inflation and CRB lower.  Oil at 97.65. Gas moving back to $4.00. And tell me how much lower health care premiums are. Too much smog guy, you better move.

Tue, 07/19/2011 - 15:01 | 1471382 Stoploss
Stoploss's picture

Your indicators are pure shit.

Like your posts.

What happened to you robo?

3 years ago, i used to look forward to your posts, no more though.

You have lost your perspective, very sad imho.


Tue, 07/19/2011 - 15:25 | 1471486 MsCreant
MsCreant's picture

I love to see folks give robo crap, it makes me laugh. But let's give some credit, I think the whole Wildebeast thing is, in fact Robos.

Tue, 07/19/2011 - 16:32 | 1471728 RockyRacoon
RockyRacoon's picture

I don't know why anyone posts replies to RT.  He NEVER comes back after dropping the steaming turds on the site.   Makes me wonder about his debating skills.

Tue, 07/19/2011 - 19:49 | 1472352 Hulk
Hulk's picture

Makles me laugh too, very funny!

Tue, 07/19/2011 - 18:55 | 1472231 Bastiat
Bastiat's picture

"3 years ago, i used to look forward to your posts, no more though."


It was the tits; think about it.

Tue, 07/19/2011 - 14:37 | 1471269 monopoly
monopoly's picture

I agree with you guys on bonds. Something is up. If this is all so good, why are we looking for a safe haven??? Hmmmm. We will find out soon enough.

Tue, 07/19/2011 - 14:45 | 1471321 Iriestx
Iriestx's picture

Obama is invoking the 14th Amendment as a means to abolish the debt ceiling.  To the fucking moon.

Tue, 07/19/2011 - 14:50 | 1471349 Dick Darlington
Dick Darlington's picture

cross asset correlations moving closer to +1 is always very encouraging sign

Tue, 07/19/2011 - 15:00 | 1471371 Sudden Debt
Sudden Debt's picture

Saying one thing and doing it are 2 different things.

Since the EU was founded, all the countries agreed to have a surplus of at least 2.7%.

1 decade later, none of them even came close and only ran deficits.

Oké, oké, inflation was at the same pace of the deficits (almost) but almost never had countries reduced their deficits.

And now Obumble says all the next presidents will reduce the deficit to ONLY 1 TRILLION PER YEAR!... PASSING THE HOT POTATO BITCHEZ!!!


Tue, 07/19/2011 - 15:01 | 1471396 mynhair
mynhair's picture

Did the SNB step in?  EURCHF way up off the low.

Tue, 07/19/2011 - 15:10 | 1471419 RobotTrader
RobotTrader's picture

LEN, BRCM, WFC, all up 6%

I'm speechless......

Tue, 07/19/2011 - 15:13 | 1471432 cosmictrainwreck
cosmictrainwreck's picture

prove it..... STFU

Tue, 07/19/2011 - 15:27 | 1471493 Sudden Debt
Sudden Debt's picture


Tue, 07/19/2011 - 15:33 | 1471512 lieutenantjohnchard
lieutenantjohnchard's picture

i think we all need to go long idiaper given the 'tard's preference to post wearing adult diapers rather than stop for a bathroom break. idiaper ought to skyrocket based on just the 'tard's purchases.

Tue, 07/19/2011 - 15:16 | 1471430 Jambo Mambo Bill
Jambo Mambo Bill's picture

Like someone said: "selling gold and silver to buy what?" The Green back is dead with Zombie Euro and all the rest of paper leveraged junk out there! All commodities will be king in this coming MadMax future...

Tue, 07/19/2011 - 17:43 | 1472037 kevinearick
kevinearick's picture

Divine Providence

Caesar’s throne is another way of saying the ends, short-term output, justify the means, long-term input mismatch, placing the consumption cart before the investment horse, and turning the work of Jesus on its head. How’d that work for all the participating cults in terms of sunk capacity and scarce input to feed it?

It is about balance of power, but balance begins in the home. Everything else is a derivative; it will take care of itself. From the perspective of the universe, you did not materialize by accident. The nation/state simply scales the aggregate result, leveraging gravity on the pry bar, translating the community in predictable quantum leaps.

Invest in the gap with surplus to stay ahead of the curve. Real durable goods are adaptive, not fixed in disposable mythology, which is why they survive the test of time. Respect history in your own way, not by being a slave to the contrived history of others. Deficits are paid with surplus, not the other way around. The planet provides the initial surplus.

The most effective path to stabilize the community is to get rid of mandatory family law, to re-balance the home, and eliminate mortgage subsidies, to disconnect the positive nation/state feedback signal. Property taxes and government will fall back into community direction with the relative polarity swap. Liberty is a function of responsible examples, effective education, in the community.

Choose a spouse that puts you both on an even keel regardless of irrational external signals. Stick to your guns until you have learned everything you can, and then move to wherever you must to fend for yourselves. Keep an open mind and treasure your children.

It’s not rocket science. Insecure Caesar maximizes the bad bank for the purpose of extortion, GSEs in this case, in the misdirection of divide and conquer politics, to hide the true event horizon, with aggregate focus on self. It boils down to seeking God for yourself, and teaching your children to do the same, by example not decree. Everything else is misdirection.

At the end of the day, Caesar must have the electrons from the event horizon to maintain the circuit, which naturally avoid detection by traveling in another dimension. A particular middle class protects a particular Caesar from Caesar, within each iteration, by protecting the identity of the electron in the community, to ensure circulation. The middle class is getting wiped out because it aided Caesar, but there is always an equal and opposite force, ensured by the universe.

Invest accordingly. Calculus to track the herd is really just addiction. Use the long method if necessary. 2 and -2 is 0, no matter what Caesar says or how big the herd gets. Caesar is not flailing about by accident. Bet on critters to be critters. All that DNA is there for a very good reason.

To survive, community must protect the individual right to design, build, and maintain identity, which requires social mobility, which is the basis of currency. Sometimes you win, sometimes you lose. It all balances out over time. Rigging the system at the community level ensures that all participants lose. There is no shortage of gravity.

So long as the GSEs remain ignored, there can be no observable community change. Pressure will increase and volume will decrease. Black’s theory depends upon how much profit you take and what you do with it. The financial event horizon is rapidly approaching Germany. France will be a hiccup, which is why the Saudis threw their system into the Eurofire, driving the herd into the treasury market with increasingly negative cash flow.

Apple, WalMart, China. Surprise, surprise, via the taxpayer, which is now the Fed.

Wed, 07/20/2011 - 00:15 | 1472891 PulauHantu29
PulauHantu29's picture

Looks like all those Greek Billionaires are pulling their money out of Cyprus (where I read they first moved it offshore from Athens)...and are loading up on what they feel it safer then ANY Euro Debt.

Any other ideas? I mean, where do Mutli-Billionaires stash cash?

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