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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.  

Tue, 06/11/2013 - 11:02 | 3646100 RSloane
RSloane's picture

Thank you very much. Every tip is helpful. The Amish keep their hives at the back of their houses which is where their coal and wood burners are. They extend a roof from just over the hearth to shelter their hives [this is outside]. They also keep coal and wood burning in their barns during harsh winters and some hives have built in ground hives surrounded by hay.

Anyway thanks so much, I have so much more research to do.

Tue, 06/11/2013 - 08:58 | 3645515 fonzannoon
fonzannoon's picture

i am just as jaded as you because I agree, the difference is I will be enjoying a wonderful free sandwich.

Tue, 06/11/2013 - 09:05 | 3645540 kito
kito's picture

dont count your tomatoes until they ripen...................

Tue, 06/11/2013 - 09:07 | 3645551 RSloane
RSloane's picture

I thought you were a sans tomato kind of guy. I feel lied to.

Tue, 06/11/2013 - 09:12 | 3645575 fonzannoon
fonzannoon's picture

I only like tomato's with my mutton.

" true love is the greatest thing, in the world-except for a nice MLT - mutton, lettuce and tomato sandwich, where the mutton is nice and lean and the tomato is ripe"

Tue, 06/11/2013 - 09:24 | 3645613 freewolf7
freewolf7's picture

"Good luck storming the castle."

Tue, 06/11/2013 - 09:46 | 3645721 francis_sawyer
francis_sawyer's picture

...or 'mutton busting'


Hey fonz... You ought to get your 3 yo into this...

Tue, 06/11/2013 - 11:36 | 3646238 PiratePawpaw
PiratePawpaw's picture

"I hope we win"

Tue, 06/11/2013 - 09:17 | 3645558 fonzannoon
fonzannoon's picture

i don't. I see treasuries getting bid again. That will be followed by people picking up beaten up div payers, that will send stocks up, which will send yields back up as treasuries are sold again.

we will stay in this cycle as yields climb higher. Something will give eventually.

Tue, 06/11/2013 - 09:22 | 3645607 phalfa5
phalfa5's picture

Bonds may fall slower than most think, at least initially as Dud-Fwank produces the intended "stick save" ...


Tue, 06/11/2013 - 08:47 | 3645475 madcows
madcows's picture

What are you lookingup on the internet, Depends?  Wheelchairs?  AARP?

Tue, 06/11/2013 - 09:05 | 3645541 RSloane
RSloane's picture

Bees. See other bee-related post.

Tue, 06/11/2013 - 08:55 | 3645507 SheepDog-One
SheepDog-One's picture

Yes but the ads here reflect your online activities.

Tue, 06/11/2013 - 08:59 | 3645519 RSloane
RSloane's picture

My last several online searches were for how to start an active bee hive and what materials were needed to build one. Also costs of maintenance and probability that the hive would survive its first winter. I then looked up information about bee keepers whose hives were taken over by the local gov't., lock, stock. and barrel. I would surmise that its the same local governments that sue people for collecting rain water in a barrel.

Tue, 06/11/2013 - 09:15 | 3645584 SheepDog-One
SheepDog-One's picture

See? You put all those searches into the algorith and you get a Hover'Round ad!

Tue, 06/11/2013 - 09:16 | 3645590 RSloane
RSloane's picture

LOL! Thanks for the laugh, Sheep, I needed one.

Tue, 06/11/2013 - 09:17 | 3645594 Cult of PersonALity
Cult of PersonALity's picture

my last internet search was for golfing vacations and highwiian get-a-ways

Tue, 06/11/2013 - 08:36 | 3645437 GMadScientist
GMadScientist's picture

AAaaabbbaaaaaaayayyyyy JJennnkinnnnnsss!!!!

"Hey, who's that guy squatting over the punch bowl?!"

Tue, 06/11/2013 - 08:35 | 3645438 fiftybagger
fiftybagger's picture

Locked (3.85%) and Loaded (90% silver)

Tue, 06/11/2013 - 08:40 | 3645441 Racer
Racer's picture

The emperors have no clothes, half inch dicks and no balls

Tue, 06/11/2013 - 08:45 | 3645468 madcows
madcows's picture

they were in the pool


Tue, 06/11/2013 - 08:41 | 3645449 Headbanger
Headbanger's picture


Tue, 06/11/2013 - 08:40 | 3645453 SheepDog-One
SheepDog-One's picture

I'm scared....hold me!

Tue, 06/11/2013 - 08:47 | 3645476 Schmuck Raker
Schmuck Raker's picture

Have no fear - Kevin Henry is near!

Tue, 06/11/2013 - 08:48 | 3645477 darteaus
darteaus's picture

Shut up Bernake. Keep lying or you disappear too.

Tue, 06/11/2013 - 08:41 | 3645457 LostPolarBear
LostPolarBear's picture

US10YR - 2.29%

Wonder how high it can go? 



Tue, 06/11/2013 - 08:53 | 3645498 Downtoolong
Downtoolong's picture

See 1982.

Tue, 06/11/2013 - 09:01 | 3645526 madcows
madcows's picture

see 1984, oh wait, that's the wrong thread.

Tue, 06/11/2013 - 08:42 | 3645458 monopoly
monopoly's picture

Is this the beginning of the end? Is it starting? We shall see. I am so ready. 4 years of this phony growth crap. Am so sick of it.

Tue, 06/11/2013 - 08:52 | 3645496 TLT
TLT's picture

Me too. Time for reality.

Don't know last time US bonds and stocks fell together, but that is a rare appearance.

Tue, 06/11/2013 - 08:55 | 3645509 fonzannoon
fonzannoon's picture

we got a long way to go guys. sit back down.

Tue, 06/11/2013 - 11:39 | 3646251 PiratePawpaw
PiratePawpaw's picture

google "monty python lancelot attacks castle"

It is a long way off, untill suddenly it isnt.

Tue, 06/11/2013 - 09:01 | 3645524 madcows
madcows's picture

Right, I moved in to treasuries back in march b/c i thought we'd see a downturn in equities, but I'm getting hit right along with the stock market, albeit at a much slower rate.  Staying in treasuries until 15% or more is taken off the S&P.

Tue, 06/11/2013 - 09:05 | 3645542 fonzannoon
fonzannoon's picture

it's rough, especially if u own div payers that have lost 15% along the way.


Tue, 06/11/2013 - 08:42 | 3645459 Devotional
Devotional's picture

My mind whispers: "Please crash, please crash, please crash".

It is time to let this charade go belly up.

Tue, 06/11/2013 - 08:44 | 3645464 darteaus
darteaus's picture

The money will go into some other store of a wealth if not bond or equities- commodities?

Tue, 06/11/2013 - 08:59 | 3645520 madcows
madcows's picture

commodities tend to crash in stock market collapses as well.  Hence "Dr. Copper".

Tue, 06/11/2013 - 08:44 | 3645465 Fiat Burner
Fiat Burner's picture

If UST yields continue to rise it would prick the stock, housing, and junk bond bubbles, and paradoxically, send UST yeilds right back down!

Tue, 06/11/2013 - 08:50 | 3645485 LawsofPhysics
LawsofPhysics's picture

If central banks were not printing, you would be correct.  Unfortunately for you, they are printing like mad and exchanging all those worthless paper promises for real assets.  They will print as many bids as required.  All "prices" will go to the desired levels, according to the script. Hedge accordingly.

Tue, 06/11/2013 - 08:54 | 3645504 TLT
TLT's picture

Yes, when people lose faith in a currency, yields go up... exponencially.

Tue, 06/11/2013 - 08:58 | 3645517 madcows
madcows's picture

doesn't matter.  there is nowhere left to hide.  ALL markets have been FED-phucked!

Tue, 06/11/2013 - 09:22 | 3645608 LawsofPhysics
LawsofPhysics's picture

Ever play a board game with a cheater.  Once you figure it out, you stop playing.  That's what is happening to all fiat.

Tue, 06/11/2013 - 09:10 | 3645563 Fiat Burner
Fiat Burner's picture

That implys an imminet outcome of hyperinflation which is certainly possible. But personally, I think that is inevitable but not imminent. I think there will be another intermediate step ala 2008. After that, the central banks will up the ante.

There's just too much misallocation of capital for someone or something to not go bust. The FED has been printing since 1913 and that has that never stopped asset bubbles from bursting. I don't think we've seen enough loss of confidence in fiat by the public to see hyperinflation just yet.

Tue, 06/11/2013 - 09:26 | 3645619 TLT
TLT's picture

Agreed. But if the deflationary cycle comes first, it will be short-lived. Imagine the size of the printing the CBs would go for.

Tue, 06/11/2013 - 09:30 | 3645649 roadhazard
roadhazard's picture

I see hyper inflation every time I take out my wallet. I just had to pay $30. for a fucking air filter for my chain saw. JHC on a stick.

Tue, 06/11/2013 - 09:27 | 3645625 phalfa5
phalfa5's picture

hi ho silver !   away!

Tue, 06/11/2013 - 09:29 | 3645637 Urban Redneck
Urban Redneck's picture

The FED don't seem to be doing a very good job exchanging their paper for paper promises is  the 10yr section of the curve.

Tue, 06/11/2013 - 08:52 | 3645497 fonzannoon
fonzannoon's picture

we are down to 2.25% again. Now it comes back to equities, If people btfd yields will climb back towards 2.3%. If the market selloff escalates then yields keep dropping.

My 2 cents is btfd is still firmly in place but we close right around 2.3%

Tue, 06/11/2013 - 08:57 | 3645513 SheepDog-One
SheepDog-One's picture

'People'....I gues you're meaning a few HFT robots humming along in a room?

Tue, 06/11/2013 - 08:50 | 3645487 Schmuck Raker
Schmuck Raker's picture

Stawks down, Bawnds down, Dalla down, Goooooooald down!


Tue, 06/11/2013 - 08:51 | 3645491 toadold
toadold's picture

"I say Harry it is looking like our battle to conrol perception to keep the muppets minds off reality is starting to back fire.  It looks like they are now afraid of everything!" "Oh, Yas, I've got my prepaid tickets to Brazil, a big chunck of change moved, and the mistress is already down there. Even the butler has been giving me the fish eye lately."

Tue, 06/11/2013 - 08:55 | 3645506 Downtoolong
Downtoolong's picture

But, but, dividends, get paid to wait, and..........damn it, I've been Teppered and Tapered at the same time.


Tue, 06/11/2013 - 08:58 | 3645514 hugovanderbubble
hugovanderbubble's picture





Tue, 06/11/2013 - 09:01 | 3645525 SheepDog-One
SheepDog-One's picture

Remember when you're leveraged 25-1, and everything is, all you need is a 5% drop and you're wiped out.

Tue, 06/11/2013 - 09:02 | 3645527 ekm
ekm's picture

We are beyond the point of "bond market tremor".

Bond market is simply a puppy right now and the stock market is a mouse.


The govs are ruling and the only thing stopping them is energy/commodity prices which lead to currency swaps, thus dollar avoidance.

That's what matters. Stocks have been dead since 2011. Bond market died in 2012.

Tue, 06/11/2013 - 09:12 | 3645572 ekm
ekm's picture

At this point, bonds market is no longer a decision maker.

Bond market is another victim of government intervention

Tue, 06/11/2013 - 09:27 | 3645626 LawsofPhysics
LawsofPhysics's picture

Correct, all paper is dying, time for the world to "go to the mattresses" and sort this all out (again).

Tue, 06/11/2013 - 09:30 | 3645643 ekm
ekm's picture


Tue, 06/11/2013 - 09:02 | 3645531 Sutton
Sutton's picture

Convexity Bitchez

Tue, 06/11/2013 - 09:02 | 3645533 AynRandFan
AynRandFan's picture

Just checked silver prices and was surprised to see them so low.  Hard not to see silver as a buying opportunity.

Tue, 06/11/2013 - 09:27 | 3645630 lakecity55
lakecity55's picture

0400 (NYT) Slamdown in the dark o' night.

Like vampires they operate.

Tue, 06/11/2013 - 09:03 | 3645534 ebworthen
ebworthen's picture

The spoiled brat banks will cry that the central banks have taken away their lollipop.

They will stamp and scream until mommy and daddy central bank give them more free money from the taxpayers (lollipops).

Tue, 06/11/2013 - 09:10 | 3645562 Yen Cross
Yen Cross's picture

    I've been looking up  "COWBELLS", on the interwebs. How come I'm not getting any cowbell ads on Z/H? WTF?

Tue, 06/11/2013 - 09:16 | 3645589 SheepDog-One
SheepDog-One's picture


Tue, 06/11/2013 - 09:16 | 3645574 kurzdump
kurzdump's picture

There wont be any stock/bond market crash any time soon. Central banks are printing and there are no exit strategies or whatsoever. What we see here is just the new normal volatility - the big money has to move faster between asset classes to achieve profit by exploiting those who are not that fast.

Investors should start to panic once talks about a global monetary reform start, or some big nations start to drop bombs on each other.

Tue, 06/11/2013 - 09:22 | 3645609 Carl LaFong
Carl LaFong's picture

This is all we need to know about "tapering" and the future of the the USD and bond market:

Tue, 06/11/2013 - 09:44 | 3645720 vote_libertaria...
vote_libertarian_party's picture

Stocks go down...algo bots buy bonds


10 yr almost back to unch on the day.


The rocket scientists haven't loaded the code that bonds are the danger.

Tue, 06/11/2013 - 10:30 | 3645946 orangegeek
orangegeek's picture

Follow the 3 month T Bill rate - the Fed does.


When this rate moves higher, it's going to get messy.

Tue, 06/11/2013 - 10:32 | 3645962 thismarketisrigged
thismarketisrigged's picture

why the fuck is this market coming back?


is ben fucking bernanke buying the dow and s&p today?


wtf is this shit?

Tue, 06/11/2013 - 14:29 | 3646840 MagicMoney
MagicMoney's picture

If bond yields continue to increase & prices lower, Fed will likely increase it's bond purchases from 85 billion MBS/Bond purchase program to a higher number. Fed may have to socialize the entire bond market. Stock market is rising, inflation expectation may be higher in the bond market, so the Fed feeds inflation expectation, but does not want higher interest rates, so it has buy more bonds, thus feeding inflation expectation. US will either become Zimbabwe, or the Fed will allow the phony recovery to crash, which isn't much of a recovery, even if you choose to call it that.

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