Bond Market Tremors Get Louder

Tyler Durden's picture


It appears the cracks in the armor of the central bankers created by an over-enthusiastic BoJ's impact on the quadrillion JPY JGB markets are now rippling through the global market place. While every talking head that dares to speak has proclaimed the weakness in bonds as nirvana for equity bulls, it seems they were wrong, very wrong. As bond market tremors ignite everywhere, so equity markets come a little unglued at the prospect that the Fed, ECB, BoJ, and PBOC may not be so omnipotent after all...


Bond markets...


Stock Markets...


Charts: Bloomberg

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Tue, 06/11/2013 - 08:33 | 3645431 TeamDepends
TeamDepends's picture

I feel the earth move under my feet

I feel the sky tumbling down, tumbling down!

Tue, 06/11/2013 - 08:38 | 3645447 GMadScientist
GMadScientist's picture

Though they call it Terra Firma

it desolves beneath my feet

Tue, 06/11/2013 - 08:47 | 3645472 francis_sawyer
francis_sawyer's picture

'Terra FIRMA' is an eggshell thin collection of tectonic crusts floating on a sea of molten mantle magma...


Pretty much describes Wall St. when you think about it...

Tue, 06/11/2013 - 08:50 | 3645489 GMadScientist
GMadScientist's picture

Prone to occasionally destroy everying on the surface when you least expect it.

Yep, sounds about right.

Tue, 06/11/2013 - 08:53 | 3645501 francis_sawyer
francis_sawyer's picture

At least we have freedom of speech... Oh wait!

Tue, 06/11/2013 - 09:28 | 3645633 TeamDepends
TeamDepends's picture

Are you on the Main Core (red) list?  Main Core:  A List Of Millions Of Americans That Will Be Subject To Detention During Martial Law @  If not, what have you been doing with your life?  We know you are on there, francis.  Cheers!

Tue, 06/11/2013 - 09:38 | 3645683 francis_sawyer
francis_sawyer's picture

I'll be like the Klaus Kinsky character on the train in Dr. Zhivago


"I'm the only free man on this train ~ The rest of you are cattle"

Tue, 06/11/2013 - 10:08 | 3645844 ParkAveFlasher
ParkAveFlasher's picture

I don't know about you guys, but I just got my Simon Black WormHole-Hover-Round on QVC and I plan on retreating to a Chilean Andes lake fortress with the rest of the True American Patriots.

Tue, 06/11/2013 - 10:27 | 3645936 francis_sawyer
francis_sawyer's picture

Don't forget to pack your 'Rouchefoucauld' timepiece so you'll always know what time it is in Beverly Hills & Gstaad...

Tue, 06/11/2013 - 10:32 | 3645963 ParkAveFlasher
ParkAveFlasher's picture

Won't forget that ... keeping in mind that platinum-rhodium-carbonite-buckyball atomically-correct timepieces will hold their value when bartering for useful goods (like vicuna fur and banana juice) when tshtf. 

Wed, 06/12/2013 - 13:25 | 3650636 Colonel Klink
Colonel Klink's picture

Kinsky free, cattle (goyim) for the rest.  Got it!

Nothing of note here, move along.

Tue, 06/11/2013 - 09:39 | 3645689 Panafrican Funk...
Panafrican Funktron Robot's picture

Keeping an eye on the following levels:

Copper futures:  3

Crude futures:  85

Russell futures:  900

10 year futures:  125

Lots of stuff breaking if any of these have sustained moves below these levels.  The 10 year is particularly interesting.


Tue, 06/11/2013 - 09:55 | 3645757 aint no fortuna...
aint no fortunate son's picture

won't matter - Travis started banging the VIX right after the open and that stopped any stock selloff in it's tracks... all else will follow

Tue, 06/11/2013 - 12:38 | 3646057 Pinto Currency
Pinto Currency's picture


Now that we've got the all-clear on Europe and the debt problem in the US is resolved, we know that they can really start to crank rates and bring the bond market down.

That's why the Fed and the ECB are shaking in their boots; the bond market is looking that good.

Tue, 06/11/2013 - 08:33 | 3645433 ThunderingTurd
ThunderingTurd's picture


Tue, 06/11/2013 - 08:50 | 3645488 depression
depression's picture

Calm Down People, it's Tuesday for crying out loud.

The Dow will end the day Green.

BTFD 4eva

Tue, 06/11/2013 - 09:00 | 3645522 Hippocratic Oaf
Hippocratic Oaf's picture

Bob Piss-on-me

Steve Lies-man


Who's the first hack to mention 'it's Tuesday and the mkt should go higher?' or something to that effect

Tue, 06/11/2013 - 09:07 | 3645554 SunRise
SunRise's picture

Confidence is great while you have it!

Tue, 06/11/2013 - 09:42 | 3645711 CClarity
CClarity's picture

To be reviewed with fiat. Ettu!

Tue, 06/11/2013 - 09:12 | 3645570 Cult of PersonALity
Cult of PersonALity's picture

pour me sum more o' dat Koolaid


Tue, 06/11/2013 - 10:13 | 3645869 Midasking
Midasking's picture

Is the world finally going to admit it is BK!! oh how I have longed for this day

Tue, 06/11/2013 - 08:35 | 3645435 RSloane
RSloane's picture

I'm sorry but I'm laughing my ass off. Directly under Tyler's post is an ad that tells people how they may qualify for a free mobility scooter. It may give bond holders something to look forward to.

Tue, 06/11/2013 - 08:36 | 3645444 Ancona
Ancona's picture

Do a google search for 'Snorg Tees'. Then reload the page for much better ads.

Tue, 06/11/2013 - 08:49 | 3645483 francis_sawyer
francis_sawyer's picture

Do a google search for 'ladyboy' & you'll get the Booz Allen ads...

Tue, 06/11/2013 - 08:37 | 3645450 fonzannoon
fonzannoon's picture

Bonds getting creamed, stocks about to follow. Commodities ex oil getting obliterated....

If I were one twisted dude, you know what I would do? I would break the buck on the money markets and float the nav's. Make sure there is absolutely nowhere to hide. But that's just me. I'm sick, I know I know...

Tue, 06/11/2013 - 08:49 | 3645482 Cult of PersonALity
Cult of PersonALity's picture

Ask not what your country can do for you

but WTF you can do for your country  ...


 (or gold...  even better, silver).

Tue, 06/11/2013 - 08:56 | 3645510 kito
kito's picture

really, what WE can do for our country??? come on now....thats so last century..................the country better take care of me..........its my RIGHT as an american..........

Tue, 06/11/2013 - 09:06 | 3645546 francis_sawyer
francis_sawyer's picture

Snake Plissken doesn't give a fuck about your country or Ghengis Khan...

Tue, 06/11/2013 - 08:50 | 3645490 RSloane
RSloane's picture

According to the Fox Business page, the sell off is due to markets worrying over how long 'easing' can continue. That is the red flag thrown at the Fed, who I am sure will respond with even more easing, because at this point more is even better. Bernanke is not going to spend his few short months left in embarassment. POMO to the max. That's why I think repair is in order, although I maybe wrong.

Tue, 06/11/2013 - 09:13 | 3645576 SheepDog-One
SheepDog-One's picture

But as any gas station grease monkey knows, you put too much air into the leaking tire too fast and it blows up. Be careful out there fake money pump monkeys.

Tue, 06/11/2013 - 10:11 | 3645861 CrashisOptimistic
CrashisOptimistic's picture

First of all, the talk about running out of Treasuries to buy is silly.  The deficit will be 700-800B for this FY, and higher next year because the 1 time Fannie/Freddie amount won't be there, and the Fed doesn't buy $ 1 Trillion/year of Treasuries.  It buys about 550B of Treasuries (the rest MBS).

So there is plenty of Treasuries to buy.  As for MBS, the Fed can just pay the banks more for each one that is marked to fantasy regardless.  The banks won't object.

Tue, 06/11/2013 - 08:54 | 3645503 kito
kito's picture

even if the equities markets drop 20%, would it be the THE crash that sends the world into a downward spiral???..........i think not.......or perhaps im just jaded at this point......too many false starts................

Tue, 06/11/2013 - 08:56 | 3645511 RSloane
RSloane's picture

You just want a free sammich Kito. Or maybe to go halfies on a cucumber garden near the Canadian border.

Tue, 06/11/2013 - 09:06 | 3645547 kito
kito's picture

rsloane, there is always room for more........................fonz and i are looking for at least 200 acres......we will be starting a zh commune..............

Tue, 06/11/2013 - 09:10 | 3645560 francis_sawyer
francis_sawyer's picture

If you want to grow much more than cucumbers, tomatoes, & peas, you'd better bring some Q-tips to help pollinate... The bees have taken the last train for the coast...

Tue, 06/11/2013 - 09:15 | 3645583 kito
kito's picture

pretty sad francis.....perhaps the government can create a new agency.......the NPA perhaps...........they would be responsible for national pollination...........they could hire, to start, 100,000 human pollinators with would boost jobs!!! the win!!!!!........whaddyathink??????

Tue, 06/11/2013 - 09:17 | 3645593 RSloane
RSloane's picture

Don't laugh but they are already doing that in China.

Tue, 06/11/2013 - 09:15 | 3645586 RSloane
RSloane's picture

Agreed. Which is why I've been exploring the possibility of starting a colony or two on my land. I would have to keep the bees out of site from passersby, sort of secret their hive activity away in a heavily wooded area. I had a conversation with Laws about bee keeping. He was right but I'm stubborn and have not fully admitted it yet.

Tue, 06/11/2013 - 09:21 | 3645604 kito
kito's picture

what was laws right about with regards to bee keeping??

Tue, 06/11/2013 - 09:26 | 3645622 RSloane
RSloane's picture

He said it would be either impossible or very expensive to find the bees needed to start a colony, and that their first winter could deccimate the entire hive. I was going to hit up the Amish that I buy meats and baked goods from because they keep bees behind their houses. I think it will be one of those moments when they pretend not to speak English again.

Tue, 06/11/2013 - 09:29 | 3645640 kito
kito's picture

perhaps it might be better to bring holiday gifts to my local apiarist :)

Tue, 06/11/2013 - 10:15 | 3645879 ParkAveFlasher
ParkAveFlasher's picture

I think it will be one of those moments when they pretend not to speak English again.

I'm laughing my ass off, but it's sad.  When the SHTF I'll be like Woody Harrelson in Kingpin, drinking the bull's milk.

I used to buy honey at the Teaneck farmer's market, it was sold by an Amish but he bought it from an apiary called Aucker's Apiary in Penn.  I took my wife there one December morning for fun, and met the beekeeper and his wife who were very warm.

They said the industry was in turmoil because of a pesticide made by Bayer in Germany that had such a high nicotine content that the bee colonies were dying off at a higher frequency than they could reproduce.  Apparently, they were suffering nicotine withdrawal.  But, the beekeepers knew it was that and bemoaned their powerlessness to avert it.

That was about 8 years ago.  I doubt the situation has improved.


Tue, 06/11/2013 - 11:31 | 3646217 PiratePawpaw
PiratePawpaw's picture

The few Bee-keepers I know actually get paid to remove unwanted hives from houses.

That is how they replenish their stock.

Tue, 06/11/2013 - 09:31 | 3645616 francis_sawyer
francis_sawyer's picture

It's not that hard [to start], but it's not all that easy either [to maintain]... There's a lot of shit to learn about diseases & funguses that can kill off a hive even if you get one going... Sloane, you're also right about the weather... This was a pretty harsh winter & it really did a number on the bees... You can tell mostly by the cloverfield activity [or lack thereof]...


If you can't make it with honeybees, then just toss some untreated lumber scraps around [or build a useless frame] & you might some borer bees [which would not produce honey, but get the pollination trick done]...

Things that attract butterflies work as well if you don't mind the caterpillars...

Tue, 06/11/2013 - 09:32 | 3645654 RSloane
RSloane's picture

No lie, Francis. Its going to be tough first time around. We already have borer bees that we stack excess lumber around to nest them. We're also stripped bark off trees and split the wood and tossed it on their pile. I don't think people understand the devastation a decrease in the current bee population is going to cost us. We have flowers planted that attract butterflies but so far there are very few of those around.

Tue, 06/11/2013 - 09:43 | 3645714 francis_sawyer
francis_sawyer's picture

The thing about the borer bees is that they spend half their time getting drunk on the lavender ~ lol

Tue, 06/11/2013 - 10:50 | 3646052 tip e. canoe
tip e. canoe's picture

as should we all...nothin like divin your head into a bush and takin a large whiff...instant antidepressant...

Tue, 06/11/2013 - 10:52 | 3646063 RSloane
RSloane's picture

LOL go me! We have about twenty lavender bushes planted near our lumber stockpile.

Tue, 06/11/2013 - 11:34 | 3646227 PiratePawpaw
PiratePawpaw's picture

Around here we call em wood bees.

 "would be stingin your butt if you mess with em"

Tue, 06/11/2013 - 10:53 | 3646038 tip e. canoe
tip e. canoe's picture

some humble suggestions:

if you're that passionate about the bees, you should follow your intuition and make at least an attempt to give them a good home, no matter what the obstacles are.

you might want to consider a top-bar hive  to start (sorry for the wiki, but in this case, it's a good entry point)  lower cost in time & $, gentler learning curve, more room to experiment.   you can make a simple one out of a 55 gallon pickle barrel cut in half.  (DIY plans are all over the net, just remember the All Seeing Eye Is Watching!)  

and if i were you, i would personally hit up the amish for a starter kit...honesty & humility works wonders.   i've found that the passion of beekeeping transcends any cultural barriers in the end.

if you get em started soon, you give them a fighting chance to make enough honey before winter.    and you could always build a small heathouse for them to keep them warm if necessary.

there's one parasite you have to be wary of more than anything : the dreaded Varroa Destructor.   vampires they are, and will decimate a hive if you allow them the time to hit the steep 2nd derivative in their growth curve (sound familiar?).   however, a simple dusting of powdered sugar and a spray of some mint/thyme/hops tea every now and again keeps the fuckers in check pretty good.

good luck mate.  

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