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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Uncle Remus's picture

Wildebeast herd indeed. And that's being polite.

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.

TruthInSunshine's picture

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


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

Uncle Remus's picture

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

PaperBear's picture

Wild gyrations in gold/silver too.

Dane Bramage's picture

Big time.  Whiskey Tango Foxtrot, over.

Uncle Remus's picture

Did you check the inertial dampeners?

Dane Bramage's picture

Peak Dilithium Crystals cap'n!!

TaxSlave's picture

Did you check the inertial dampeners?

I'm dampening mine as I sit here.

virgilcaine's picture

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

unununium's picture

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

Tyler's reconvergence WILL NOT FAIL.

SovietCong's picture

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

slaughterer's picture

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

Uncle Remus's picture

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

TaxSlave's picture

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

Dr. Engali's picture

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

MsCreant's picture

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

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

virgilcaine's picture

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

stewie's picture

If 1568 holds I'm loading up.

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



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.

TooBearish's picture

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

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

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.

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.

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

Bansters-in-my- feces's picture

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

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."

pods's picture

gangbang of 300 million.



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)

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.

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.


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.

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.

Hulk's picture

Makles me laugh too, very funny!

Bastiat's picture

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


It was the tits; think about it.

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.

Iriestx's picture

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

Dick Darlington's picture

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

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!!!


mynhair's picture

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

RobotTrader's picture

LEN, BRCM, WFC, all up 6%

I'm speechless......