30Y Treasury Yield Tumbles To 7-Month Lows As Nasdaq Loses 4,000

Tyler Durden's picture

US equities are pressing fresh lows of the day as USDJPY tests 101. The Nasdaq just broke 4,000 - its worst drop in 8 months; The Dow trading back under its 200DMA; and now every major index is in negative territory from the December Taper. Most notably though, Treasury yields are tumbling as weak data and safe-haven flows have pressed 30-year yields to their lowest sicen July 5th 2013. VIX is trading 20.7% - its highest in 4 months.


All major indices now red from the December Taper...


As Nasdaq loses 4000 and drops by the most since June..


as Bond yields collapse to 7 month lows...


Charts: Bloomberg

Bonus Chart - WTF in financials...

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Rainman's picture

By Gosh .... It's a beautiful day to be a Doom Porn addict !

fonzannoon's picture

Where is grandma Yellen? Where is papa Bernak????? Turn those machines back on!!!!!!!!!!!

Headbanger's picture

Ain't gonna happen Fonzo! 

fonzannoon's picture

well they have pulled back on QE twice and both times the market made em do a u turn. If it ain't happening I better get off Long Island before the bridges close and the zombie sheeple come out.

Pheonyte's picture

Truth. What haunts me the most is that I only need one hand to count the number of ways off this damned island. When the shtf we're fukked.

camaro68ss's picture

the feds must have "jumpped the shark"

superflex's picture

USD/JPY approaching 101 

Sound the collision alarm.  Man all lifeboats.  Cue the band.  Hard starboard!


I am more equal than others's picture




All that money is got to flow somewhere.  When there is nowhere to go, that's when it will get interesting.  Talk about a great conflagration. 

wallstreetaposteriori's picture

Meanwhile.... fonestar is busy playing with his fractional bitcoin....

Master_Blaster's picture

It's why I left Chicago to move back out west......

Tall Tom's picture

When the shtf we're fukked


There is NO WHEN about it. We are already FUCKED.


The Shit has already hit the fan back in 2008 if not before.

Everybody has been weathering a Shitstorm.

The Shit is so deep already that many are just treading knee high Shit.

There is a Tsunami of Shit headed our way from Foreign Shores. It will get a whole lot worse.

Many will be drowned in Shit and not make it through.

The shit is everywhere. There is no escaping the Shit.

The Shit is in youe wallet. It is in your Bank Account. It is in your Car Payment. It is in your Mortgage.

The shit is called DEBT. Even the Currency that you use is DEBT.


When you claim that the shit will not affect you then you delude yourself. I read many here, "I have my House paid off.", "I am not in Debt", or "I have bought Gold and Silver"


Now while these are good and effective strategies against the Shit Tsunami, that you are still swimming in an ocean of Shit is merely a testimony to the undisputed fact because other people's shit currently affects you and will continue to affect you. Unfortunately you can not absolutely insulate yourself from the Shitstorm as it oozes into every facet of life. You can bet as the Ocean of Shit rises that the Shit will affect you even more.


So the question at hand is how well can you tread Shit? You cannot tread Shit when you are swimming in it. I do not even believe that the High Ground and unmoveable foundation of REAL MONEY, REAL WEALTH, Gold and Silver, will save most whom have been prudent enough to save it. Prepping with Food, Water and Durable Goods will only serve to prolong the suffering of far too many of you, the prudent.


Yes this will get a whole lot worse. There will be riots and killings. There will be a substantial loss of the Standard of Living for far too many, even that of the Prudent.


With Gold and Silver you will end up POOR. Without Gold and Silver you will end up DESTITUTE if not DEAD.


The Shit has already hit the fan. Look around at the VACANCIES in your neighborhood because the Fed will not allow them to be marketed because of the MBS purchases. Look at the VACANCIES of the Storefronts in the Strip Malls in your town. In some sections of towns they outnumber the stores.


The Tsunami, however, approaches. But the Shit has already hit the fan. And we are being FUCKED UP THE ASS HARD. It is just a question of how much shit can you tolerate?

Unknown User's picture

The only way out is for governments to issue debt free money.


“The government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity. The financing of all public enterprise, and the conduct of the treasury will become matters of practical administration. Money will cease to be master and will then become servant of humanity.” - Abraham Lincoln

Levadiakos's picture
  • "In four hours the ship blows up" -- Scotty (The Savage Curtain)
Headbanger's picture

LOWNGEYELAND??   Get outta heayhh!!   Never been there. 

Renewable Life's picture

+100 for Grandma Yellen!!!  Thats even better then Uncle Ben!  Someone text alert me when Cramer starts screaming on CNBC, that "they dont know whats going on down here, we're getting slaughtered" 

I dont want to miss that shit! 

slaughterer's picture

These kind of gloating ZH articles usually mark the short term bottom.  The algos are locked into copy like this.  

Thought Processor's picture

Agreed.   But the Yen is on the squeeze now and there are some big air pockets on that currency cross.


Watch Japan.



lasvegaspersona's picture

Cheap Yen are what is being spent to keep the rally going. Japan can't loan them out fast enough ...so the value of the Yen rises and the world's markets crash....I know it makes no sense but that is what I think it happening. It is bizarre that you can't kill the Yen when you try isn't it?

TheInfoman's picture

Ah.  Now I got it.  Thanx!

Jonas Parker's picture

Deja vu all over again! 2008, or even Jimmeh Carter!

29.5 hours's picture



"gloating ZH articles usually mark the short term bottom"

Agree. Besides, I am sure CNBC will point out the markets "were off the lows" at the close.



fuu's picture

Tyler, make gold go down please.

Al Gorerhythm's picture

I see smoking, confused algorerythmically programmed bots spitting out +10% bid/ask spreads more frequently and Mary-Jo White all over it like white on rice.

Headbanger's picture

I've had a wicked hard on all morning watching it get pounded !

Dr. Richard Head's picture

Tell me about it.  I have been hitting refresh more often today on ZH than I have in years.  In fact, it feels earily similiar to a period of time when interest rates were increased in a manner to cause this strange crash, almost like it was engineered or something.  I just can't put me finger on it, but it's like 'Deja Vu all over again" - Yogi Berra

TruthInSunshine's picture

This is consistent with equity "market" history repeating, based on the results of the Superbowl.

Whenever the Seahawks have won the Superbowl (/sarc) AND a functionally austistic Federal Reserve Chairman has blown a massive bubble in just about every asset class over the last 4 1/2 years, things fared terribly going forward.

Tall Tom's picture

Your post sent me on a Dystopian Flight of the fantastic..


Well since no original NFL Team won the Superbowl in 2014 it was supposed to be a Recession Year...

That COUPLED WITH a functionally autistic Federal Reserve Chairman who blew massive Bubbles in just about every asset class over the previous 4 1/2 years, while intentionally depressing Economic Indicators that sent false signals (such as the Gold Price) reverberating throughout World Economies, guaranteed that the conditions deteriorated terribly going forward. As a result the US Markets and World Markets collapsed.


From the Requiem, "The Destruction of the United States Economy" Chapter 25, The Poor Decisions of the 21st Century Federal Reserve Bank., which was published in 2036, right before the Collision with the Asteroid.


I hope that you enjoyed my rendition of you post...


Damn I love Doom Porn.

TruthInSunshine's picture

I approve that shizznit. I'd suggest forwarding it to Market Watch, but they should be forced to pay you a sizable sum for the right to publish it.

rotagen's picture

Bullish on doom, drought, and mad max.

Levadiakos's picture
  • "The Federation's gone; the Borg is everywhere!" -- Alternate Captain Riker (Parallels)
Millivanilli's picture

Yellen to the rescue...   


And gold and silver TO THE MOON!

stant's picture

wheres million dollar bonehead and the down junker troll?

. Ps there's one of them

Walter E Kurtz's picture

Bring out the deer! O_0

LoneStarHog's picture

Who said that you can "never go back".  1999-2000

Hulk's picture

Whats the price of risk again ??? Unfucking believable...

One And Only's picture


Thought Processor's picture

That and the largest holder of Bitcoins is now the US Gov. via a certain arrest not long ago.

Talk about ripe for manipulation.   

fonestar's picture

US Gov is not the largest holder of Bitcoin for fuck's sakes!  I am sick of you sheep with your bullshit FUD and propaganda.

Spanky's picture

Really? I thought bitcoin "anonymous" and thus it would be impossible to know... for certain. Pray tell fonestar...

philosophers bone's picture

But the retail investor hasn't even joined the party yet!!  Oh wait, they jointed the party last month when every talking head Wall Street money manager predicted strong market returns in 2014?  Unlucky timing!  Just stay the course!   /s off

Winston Churchill's picture

Wuld you like burnt mutton ,or muppet ,with you champange