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10Y Treasury Yields Slump To 2013 Lows

Tyler Durden's picture




 

At 1.67%, 10Y Treasury yields are at their lowest since December 12th 2012. The Great Un-Rotation...

 

 

just saying...

 

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Wed, 04/17/2013 - 13:04 | 3461661 nope-1004
nope-1004's picture

Farce!  Good job Bernocchio..... this economy is as much of a joke as you are.

 

Wed, 04/17/2013 - 13:05 | 3461670 Bearwagon
Bearwagon's picture

Careful. The farce is strong with that one!

Wed, 04/17/2013 - 13:08 | 3461692 Stoploss
Stoploss's picture

Copper broke support..

 

If any one has any live chickens, throw 'em into it's mouth.

i'm currently out of stock.

Wed, 04/17/2013 - 17:02 | 3463170 Panafrican Funk...
Panafrican Funktron Robot's picture

Indeed.  Copper is down about 17% YTD.  Funny, crude is crashing too, down 13% just in April.  Weird.  It's almost as if... shit is fucked or something.  Nah, couldn't be.  Bullish!

http://www.finviz.com/futures_charts.ashx?t=ER2&p=h1

This will surely stay about 900, right?

Wed, 04/17/2013 - 13:08 | 3461688 smlbizman
smlbizman's picture

i am wrong?...but i feel their are some suit and ties that dont give a fuck that a few people had to die to achieve what they  needed to achieve.....

Wed, 04/17/2013 - 13:27 | 3461836 Stoploss
Stoploss's picture

Not wrong.

A.  Banks in trouble in 2000-2001.

B.  Banks in trouble in 2102-2013.

When banks are in trouble, shit gets blown up for a distraction.

Nope, no pattern there..

Wed, 04/17/2013 - 13:05 | 3461662 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Anytime I've read that Bill Gross has loaded up on Treasuries, whoops, there it goes. May be a couple of months, but seemingly inevitable.

Wed, 04/17/2013 - 13:05 | 3461667 redpill
redpill's picture

When you're the bond king it's always a great time to buy.  Maybe he could become a real estate agent in his spare time?

Wed, 04/17/2013 - 13:21 | 3461793 WhiteNight123129
WhiteNight123129's picture

+1 for wicked sense of humor.

Wed, 04/17/2013 - 13:05 | 3461666 toys for tits
toys for tits's picture

The Fed's still clutching at straws.

Wed, 04/17/2013 - 13:06 | 3461687 optimator
optimator's picture

And their El Al reservations.

Wed, 04/17/2013 - 13:05 | 3461675 Dr. Engali
Dr. Engali's picture

It's funny that all this crazy shit started happening right after Obummer's private meeting with the bankers. It's almost as if there was a coordinated plan involved.

Wed, 04/17/2013 - 13:32 | 3461875 tarsubil
tarsubil's picture

Just because they have plans doesn't mean they are in control.

Wed, 04/17/2013 - 16:13 | 3462979 venturen
venturen's picture

Really....they have all the marbles and the printing machine.

Wed, 04/17/2013 - 13:09 | 3461699 Cheeseus Sonofdog
Cheeseus Sonofdog's picture

Mortgage purchase applications have been slipping. The home buying season looked to be a dud. The Fed needs rates and mortgages to fall to save the season.

Wed, 04/17/2013 - 13:10 | 3461705 fonzannoon
fonzannoon's picture

Everyone back in the burning house!!!!

Wed, 04/17/2013 - 13:11 | 3461706 WhiteNight123129
WhiteNight123129's picture

Shorting Treasuries bitchez!!!

Wed, 04/17/2013 - 13:11 | 3461714 DrDinkus
DrDinkus's picture

i appreciate the anti-bernack agenda, and share it. but tough to short treasuries when the Fed buys $120 million of them per hour.

Wed, 04/17/2013 - 13:16 | 3461739 akarc
akarc's picture

really, more balls than I my man. 

Wed, 04/17/2013 - 14:52 | 3462503 WhiteNight123129
WhiteNight123129's picture

Well if you have been dead already once (I had to change vocational artist career in my early 20s to trading because of injury). When that happens to you become numb to pain. I have been in the military too but in combat at all, I expect people who have been in combat to be extremely cool about money development (no risk of loss of life).

Makes it easier to see clearly.

If you are short strip without leverage, it is like borrowing at 2.85% for 30 years, you have all the time necessary to find nice carry (and there is plenty in Asia of soft commodities stock paying 5-6% dvd).

Numbness and patience.

 

Wed, 04/17/2013 - 13:17 | 3461755 sosoome
sosoome's picture

Soon the herd will shrug when they find out their bank is charging a fee to manage their digits.

Wed, 04/17/2013 - 13:19 | 3461769 e m m
e m m's picture

According to the markets section of ARD news, today's DAX plunge is momentum algos' fault.

Wed, 04/17/2013 - 13:18 | 3461771 swissaustrian
swissaustrian's picture

Wednesday afternoon humor:

CFTC's Chilton says regulators looking at role of market speculators; agency is looking at gold and silver moves

http://ransquawk.com/headlines/287120

Wed, 04/17/2013 - 15:20 | 3462657 nope-1004
nope-1004's picture

Chilton collects a paycheck, but for what?  Has he done anything?  Or is he the next "I can't believe it's not butter" blonde?

He hasn't been transparent in his actions, only in his emails....... the textbook definition of a fake.

 

Wed, 04/17/2013 - 13:19 | 3461779 youngman
youngman's picture

US Treasuries vs gold and silver...makes me sick people are still running to Trreasuries..

Wed, 04/17/2013 - 13:27 | 3461839 Debugas
Debugas's picture

things not looking good - looks like money is hiding in expectation of deeper depression

Wed, 04/17/2013 - 13:34 | 3461897 Winston Churchill
Winston Churchill's picture

Thanks Captain Obvious.

The whole commodity complex is screaming depression, stawks have got a long way to fall,

not some pissant 200 points.

Timber.

Wed, 04/17/2013 - 13:34 | 3461902 AynRandFan
AynRandFan's picture

Agreed.  I think the PM swoon was all about an abandonment of hopes for a Keynesian recovery.  Europe is going down for the third time and Japan just lit its hair on fire.

Wed, 04/17/2013 - 13:39 | 3461923 WTF_247
WTF_247's picture

Isn't that bullish for stocks?  I guess they did not get the memo.  Any movement in any other financial instrument is bullish.  Yields to 0.2% would put Dow at 20k.  Gold down to 500 = Dow 20k. Gold up to 4000 = Dow 20k.  Euro to 1.00 = Dow to 20k.

The smart guys must be on vacation today, otherwise why would the market be down?  Its ok - all will be cleared up in a few days post a special "call" from the Fed tonight.

Wed, 04/17/2013 - 13:40 | 3461932 fonzannoon
fonzannoon's picture

i have a disgusting feeling this market is going to make a big comeback at the close.

Wed, 04/17/2013 - 13:43 | 3461962 mayhem_korner
mayhem_korner's picture

 

 

Maybe, but it may just ramp the other way.

Wed, 04/17/2013 - 13:45 | 3461985 WTF_247
WTF_247's picture

already happening.  10pts off lows is only the opening salvo.

back off a bit then push another 5-10 to totally rescue the market AGAIN.

BTFD = good.

Selling = bad.

Wed, 04/17/2013 - 13:43 | 3461951 mayhem_korner
mayhem_korner's picture

 

 

The Fat Lady is on stage and clearing her throat...

Wed, 04/17/2013 - 13:51 | 3461961 screw face
screw face's picture

What chickens are left, are going home, to i and i pads.

+2 !?

 

 

http://bullion.nwtmint.com/spot-price-charts.php

 

 

Wed, 04/17/2013 - 13:44 | 3461969 WTF_247
WTF_247's picture

Full rescue in process now.  Momo algos ticked the low from the other day and immediately jammed the futures with big buying.  Bid and hold and work it higher.  Get rid of 50% of the loss today and then undo the rest tomorrow.

 

1555 likely target for today.  Dont want to see it but every time the market makes a pivot low like that it never looks back.

Wed, 04/17/2013 - 14:20 | 3462279 Downtoolong
Downtoolong's picture

All this rotating and spinning in and out of asset classes is making me dizzy, and I’m still trying to understand how it works.

Does the first one to barf on their shoes win or lose?

Wed, 04/17/2013 - 14:26 | 3462332 Pete15
Pete15's picture

Someone give some props to Hugh Hendry 

Wed, 04/17/2013 - 15:36 | 3462755 Abi Normal
Abi Normal's picture

Yeppers, popping up as I write this, never failing plunge protection teams and their algos...what a farce this whole market has become...chickens without their heads have more direction than this disaster!

Ben Beracle to the rescue AGAIN...Never fear, that chap who did the $11 million PUT may be on to something, then again maybe not?  This CF needs a reset I tell ya, then we can close down the illegal Fed for good...no outside orgasm should be controlling our interest rates and money supply anyway.

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