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Goldman "Muppets" Ukraine Bond Buyers As 3-Month Yields Spike Above 50%
Despite promises by the West to do "whatever it takes" and Treasury Secretary Lew's note today that Ukraine aid could reach $15 billion, it appears the market is not buying it with June 2014 Ukraine government bond yields spiking above 53% today. Of course, this should be no surprise to Goldman Sachs clients who were told on Feb 21st that events were "unambiguously positive" for short-term bonds (then trading above 97) but are now trading below 90. It seems that the market believes default is highly likely and that any "aid" will flow directly to Russia for energy bills.
Keep talking...
- *LEW SAYS UKRAINE NEEDS `FOUNDATION' FOR ECONOMY FROM IMF
- *LEW SAYS IMF UKRAINE PACKAGE MAY BE $15 BLN OR LARGER
But the market is not buying it...
And from Goldman on Feb 23rd...
In our view, U.S. and EU financial support is likely to arrive quickly and in large enough volume to prevent a sovereign credit event from taking place in the short term. In this instance, we think that political considerations are likely to override economic or financial ones.
...
From a market perspective, we think that recent developments are unambiguously positive for short-dated credit and we would expect the yield curve to reverse its inversion.
Oops! Yields were sub 20% then... now they are 53%!
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BTMFATH on the yield!
At this point you cant blame Goldman - if muppets want to believe ANYTHING they say then they deserve being crucified by Goldman bankers. I figure a fool will lose his money either way (bitcoin, PLUG, etc) and Goldman is simply bringing that event a little closer to the present.
Chase that yield....make that quarter...buy that game stock IPO
This is a direct hit on Ukraine retail bank rates.
3 month rates apply to US banks - directly.
http://bullandbearmash.com/about/us-prime-rate/
A preview of US Treasuries?
Risk v. Return.....once thought obsolete, will make a come back!
"investors" will need to be paid for the risk they take......sometime.......hopefully.....
What idiot would buy the bonds of a country that won't defend its borders against an agressor? Hell, the Ukraine could vanish overnight and your bonds would be worthless. Gotta give credit to the squid. They know there's a sucker born every minute.
US has an assault on it's southern border everday. Your point?
You mean: buy the contractual obligations of a bunch of crooks and tax extorters, who do not fend of competing gangs?
What makes you think crooks keep contractual obligations.
Crooks do not like to be bound by contracts.
They were probably short oil yesterday afternoon too because hopey and clowngress, you know, helps :wink wink: them with their trading.
what about CDS on ukrain?
and first they say that IMF aid will be 1B
Add Ukrainian bonds to the list of most shorted shit for the yield chasing BTATH idiots...
Time for this picture again if you care to get an idea of what dealing with Goldman Sacks is like:
http://michaelgarcia1980.files.wordpress.com/2010/03/kermit-gapes.jpg?w=720
The quintessential Kermit BOHICA pic.
pods
It would be as funny if the puppet was Obama, just waiting for the hand of Valerie Jarret to operate his mouth.
Sell Spanish 10 yrs bonds
Brazil’s IMF Director Urges Lender Not to Bend Rules for Ukraine
http://www.bloomberg.com/news/2014-03-07/brazil-s-imf-director-urges-len...
I believe that sentiment is shared by certain others http://www.imf.org/external/np/sec/memdir/eds.aspx
The certain way to be called Putin's puppet. Also, he looks for troubles by becoming an enemy of a Free World.
So, short-sighted...
Goldman is NOT Virtu. Goldman is allowed to make errors 2-3 times/year, while Virtu never makes errors
Blame it on Putin and Yanukovich!!!
Good strategy. And Yats the Rabbit will have ability to beg for more money to rescue Templeton ;-)
Free World, Free Enterprise, Free Money....
*LEW SAYS UKRAINE NEEDS `FOUNDATION' FOR ECONOMY FROM IMF
Duh ~ I guess so since "Kerry-trade" made off with Ukraine's reserve