Bond

Tyler Durden's picture

How Many Shale Oil Plays Make Money At $37 Per Barrel? (Spoiler Alert: None)





The oil jobs nightmare is in fact spreading like a cancer. Last year there was much banter from the Wall Street shysters and Bakkan shale oil experts about the true breakeven price for shale oil not being $80 (which is the truth) but actually being as low as $58 a barrel. They were spreading this lie in order to keep idiot investors buying the stocks and bonds of these fly by night shale oil companies.  Well, we are now six months further down the line and Bakkan shale oil this morning is selling for $37 per barrel.

 
Tyler Durden's picture

European Stocks Close At Highest Since 2000 as 10Y German Bund Yields Hit Record Low 17bps!





Greek stocks are now down 15% since Q€ started... German stocks are up 3.1% in that period. Europe's broad EuroStoxx 600 closed at its highest since 2000 as Greek government bond yields (and spreads) surged once again. The contagion to the rest of the Europe remains a problem with Spanish and Italian bond risk up 15-20bps since Q€ started.

 
Tyler Durden's picture

After Pillaging Pensions, Greece Raids Utilities To Repay Troika; Bonds Plunge As Bank Run Accelerates





The new Greek government, instead of seriously contemplating a Plan B outside of the Eurozone, was busy thinking of new ways to raid its own population just to repay the "loathed" Troika. In the latest sad indication of just how truly insolvent Greece is, Reuters also reported that days after raiding its own Pension funds to repay the IMF (which in turn lent the cash to Ukraine so it could repay Ukraine's obligations to Gazprom and thus Putin), the Syriza government is now raiding the major state utility firms to lend the government cash through short-term repo transactions as it scrambles to avoid running out of cash.

 
Sprott Money's picture

Silver and Gold: Shelter From the Storm





What storm?  The stock and bond markets in the US are doing great, the media has sold the strong employment story, and all those nasty wars are far, far away.

 
GoldCore's picture

Gold Surges – Fed Loses “Patience” and Signals Loose Monetary Policies to Continue





Many analysts regard this as further evidence that the Fed is caught in a bind. What is yet to be appreciated by most analysts is that it is unlikely that the massively over-leveraged and debt-saturated financial system can weather increases in interest rates.

 
Tyler Durden's picture

Dollar Regains Most Of Yesterday's "Flash Crash" Losses. Oil Resumes Slide; 10Y Under 2%





If it was the Fed's intention to slow down the relentless surge in the dollar with yesterday's "impatient" removal which blamed the dollar strength on the "strength" in the US economy, it promptly failed after algos and a few carbon-based traders looked at the Atlanta Fed and realized that a 0.3% Q1 GDP print is anything but "strong." As a result the EURUSD, after soaring by nearly 400 pips yesterday in a market reminiscent of a third-world FX pair's liquidity especially following the previously noted USD flash crash, the dollar has recoupped nearly all losses, and the DXY is once again on the way up and eyeing the resistance area of 100.

 
Tyler Durden's picture

Here Is Why The Fed Can't Hike Rates By Even 0.25%





the next time someone asks "why is Yellen so terrified of even the smallest possible rate hike", show them this chart above and explain that the Fed vividly remembers what heppened when LTCM blew up. What the Fed doesn't want, is not one but one thousand LTCMs going off at exactly the same time in what is now the world's most levered trade...

 
Tyler Durden's picture

"Bulletproof" Fortescue Pulls $2.5 Billion Offering Amid Slumping Iron Ore Prices





Investors are wary of debt from fourth largest iron ore miner as slumping demand and a supply glut crush prices.

 
Tyler Durden's picture

Guest Post: How Putin Can Win The Economic War Against The West





Russia must get aggressive in the economic war. You can win this economic contest in 24 months, if certain special zones in Russia simply are allowed to copy Swiss banking rules and regulations, as wealth will always flow to secure locations where taxes are low. You know what banking privacy and security did for Switzerland, it made a poor country with few natural resources the wealthiest nation in the world.

 
Pivotfarm's picture

Biggest Stock Market Scams in History – Part I





A wicked web of deceit, with just a good measure of theft and forgery thrown in for old time’s sake!

 
Tyler Durden's picture

Pushing On A String: The Fed's Spectacular Failure To Stimulate Housing





What we have here is another powerful case of the Great Immoderation. That is, the havoc that the Fed’s bubble finance policies have visited upon the main street economy. In short, in the name of improving upon the alleged instability of the private economy - absent the Fed’s expert ministrations - the geniuses in the Eccles building have actually caused the rate of housing starts to gyrate wildly. To wit, by a factor of 5X from top to bottom - so far this century.

 
Tyler Durden's picture

Greek Bank Deposit Outflows Spike As Capital Controls Concern Spreads





With Greek bank bonds collapsing, stocks near record lows, Greek default risk at post-crisis record highs, and Greek government bond yields spiking, it has been surprisng that we have not seen the ATM lines and generalized 'panic' of a population in fear of being "Cyprus'd." Well, now as ekathimerini reports, that appears to escalating and rapidly as credit sector officials estimated that the flight of deposits yesterday alone amounted to 350-400 million euros, which was some five times higher than the daily average in previous days.

 
Tyler Durden's picture

Yellen Admits "Market Valuations Are On The High Side", Adds "No Comment" On Biotech, Social Media Stocks





With a firm "no comment" Janet Yellen shied away from burstng the bubble in "extremely stretched" Biotech and Social Media stocks, but was forced to admit that "overall measures of equity valluations are on the high side." Then, rather oddly, she notes that The Fed sees unusually low spreads in corporate bond markets... which is odd since they have actually widened dramatically in the last year or so, perhaps signalling just how "high" valuations are in stocks...

 
Tyler Durden's picture

How Far Will The Euro Fall?





What can strike a balance between the opposing forces operating on the euro-dollar exchange rate? No one can say for sure, but one thing is certain: Whereas the profits from playing transatlantic interest-rate differentials may run to 1% or 2% per year, investors can easily lose that amount in a single day – or even an hour – by buying the wrong currency when the trend turns. As we know from decades of Japanese and Swiss experience, selling a low-interest-rate currency simply to chase higher US yields is often a costly mistake.

 
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