European Stocks Collapse As German Bund Yields Hit 10-Month Lows

Tyler Durden's picture


Overnight weakness in Asia spilled into Europe and the bloodbath is continuing - especially in the peripheral markets which have until now been invincible in the face of deteriorating fundamentals. Just like US hyper-growth hope, Portugal, Spain, and Italy stock markets have soared this year - among the world's best performers - but are getting monkey-hammered in the last 2 days (down over 5%). Despite more chatter of ECB QE, peripheral bond spreads are also jumping higher (+7bps) as German Bund yields are slumping back below 1.5% - the lowest in 10 months. US futures are ugly too.


European exuberance is fading fast...


and even the unstoppable idiocy of peripheral bond spreads are being bashed wider...


Bunds are ripping loweer in yield...


US Stock futures are not happy either extending yesterday's losses (as Nasdaq hits it 150DMA)

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Fri, 04/11/2014 - 08:15 | 4646800 Seasmoke
Seasmoke's picture

Has there ever been a Black Friday ???

Fri, 04/11/2014 - 08:18 | 4646810 valley chick
valley chick's picture

It's only just begun.....let's see if they can pull a rabbit out of their hat.

Fri, 04/11/2014 - 08:23 | 4646825 TeamDepends
TeamDepends's picture

They'll settle for keeping silver under $20.

Fri, 04/11/2014 - 08:34 | 4646850 Occident Mortal
Occident Mortal's picture

Black Friday?


FTSE is down 1%

DAX is down 1.7%

CAC is down 1.2%

Italy down 1.2%

Fri, 04/11/2014 - 08:43 | 4646891 nuclearsquid
nuclearsquid's picture

I liked summer '11 better... where stocks went down and yields went UP

Fri, 04/11/2014 - 08:53 | 4646923 svayambhu108
svayambhu108's picture

Black Weekend or Black Widow like in ... Chewbaka

Fri, 04/11/2014 - 09:03 | 4646961 SamAdams
SamAdams's picture

Appears down from here.  Big boys pulling out of equity and moving into bonds.  QE is done by Oct (Chinese) and end of year (By FED Advisory). Might be a good idea to move the 401k from equity to bonds.

Will see how this plays out since turning off the tap would seem to be bad for JPM & GS.

Fri, 04/11/2014 - 13:24 | 4648054's picture

Or to move the 401k into physical gold, silver, palladium and virtual bitcoin. 

Fri, 04/11/2014 - 08:49 | 4646892 nuclearsquid
nuclearsquid's picture

I liked summer '11 better... where stocks went down and yields went UP


ZH liked my comment so much it repeated it.

Fri, 04/11/2014 - 08:52 | 4646920 svayambhu108
svayambhu108's picture

Black Weekend

Fri, 04/11/2014 - 08:35 | 4646860 Haus-Targaryen
Haus-Targaryen's picture

Just wait till the Fed doubles down on QE, and then the ECB's hand is forced into somehow brining the € down against the $, at which point Abe will do what Abe does best, and the Brits won't know what is going on, but you can bet your Mother-in-Law that the GBP will get forced downward too. 

This charade will continue for a while.  Good opportunities to stock up on silver and gold. 

Fri, 04/11/2014 - 08:41 | 4646880 wallstreetapost...
wallstreetaposteriori's picture

your gonna buy a bunch of TV's as best buy?

Fri, 04/11/2014 - 08:15 | 4646801 1835jackson
1835jackson's picture

Yellen!!!!!!!!!!!!!Let me in! 

Fri, 04/11/2014 - 08:18 | 4646809 A_Nejad
A_Nejad's picture

Told you it's bloody out there...and it ain't raining women

Fri, 04/11/2014 - 08:25 | 4646828 SilverIsKing
SilverIsKing's picture

Steely Dan - Black Friday (1975)

Fri, 04/11/2014 - 08:29 | 4646844 NoDebt
NoDebt's picture

Call me Deacon Blues.

Fri, 04/11/2014 - 08:56 | 4646941 StychoKiller
StychoKiller's picture

"Oh no, Guadalajara won't do..." == "My Old School"

Fri, 04/11/2014 - 08:29 | 4646832 Element
Element's picture

Watched that moron Alan Kohler on ABC tonight putting up a graph of GGB rates and actually stated that 6% meant the entire European debt crisis was over.

You're a laughable two-bit jerk Kohler ... just ask anyone.

Fri, 04/11/2014 - 09:15 | 4647016 tip e. canoe
tip e. canoe's picture

OT: stellar analysis on the mystery called MH370, mate.


Fri, 04/11/2014 - 10:12 | 4647267 Element
Element's picture

Thanks tip.e., things just weren't adding up. Amazing the shit that goes on and almost slips past, unnoticed.

Fri, 04/11/2014 - 10:02 | 4647202 bustdrs
bustdrs's picture

+1000 to the ever green GIF of element.
Making great sense of guru Kholer=crab....walks sideways.

Fri, 04/11/2014 - 08:28 | 4646838 the not so migh...
the not so mighty maximiza's picture

everyone is scared shitless the russians are going to ask for gold as payment 

Fri, 04/11/2014 - 08:42 | 4646882 Haus-Targaryen
Haus-Targaryen's picture

Or worse yet -- ask for it in Euros. 

$1.40 would look cheap as everyone dumps USD for EUR, and thus killing off two birds with one stone.  The German pain threshold is $1.68 which I imagine we would hit in a matter of seconds, NVM the other countries which are already in pain.

Fri, 04/11/2014 - 08:47 | 4646904 the not so migh...
the not so mighty maximiza's picture


Fri, 04/11/2014 - 08:29 | 4646840 ymom11
ymom11's picture

Well, something is going to happen today.

Fri, 04/11/2014 - 08:32 | 4646852 Winston Churchill
Winston Churchill's picture

Masacre at the G20 meet maybe.Uncle Scam is getting desperate maybe they

will bring back Carlos the Jackal for one last hit.

Fri, 04/11/2014 - 08:34 | 4646857 DavidC
DavidC's picture

Let me know when the Dow gets below its levels of mid February. We're NOWHERE near them yet.


Fri, 04/11/2014 - 08:34 | 4646858 scubapro
scubapro's picture

two days of pent up pomo.    whiff of panic in the air....bum rush it back up to 1830 for the euro close, then tick it green to close

Fri, 04/11/2014 - 08:39 | 4646871 GetZeeGold
GetZeeGold's picture



Hey.....who told you?


That was suppose to be a secret!

Fri, 04/11/2014 - 08:39 | 4646859 Dr. Engali
Dr. Engali's picture

Wallstreet didn't wait long before they started raping the retail muppets. They finally got retail back in the market and the pigmen are fucking them already.

Fri, 04/11/2014 - 08:38 | 4646869 Ifigenia
Ifigenia's picture

is time to unplug from USA wars, unfortunately, here are too much quislings.

Fri, 04/11/2014 - 08:40 | 4646875 tip e. canoe
tip e. canoe's picture

check out the 30 year UST:

damn close to hitting the bottom of that fat finger telegraph back at the end of Dec 13.

Fri, 04/11/2014 - 08:43 | 4646889 cashtoash
cashtoash's picture

Stay calm man, crashes only happen in October, April is generally a good month for stocks

Fri, 04/11/2014 - 09:00 | 4646959 Hongcha
Hongcha's picture

The correction is already over.  All the major indices will end in the green today.  New highs by the end of the month.

Fri, 04/11/2014 - 09:48 | 4647144 SmilinJoeFizzion
SmilinJoeFizzion's picture

It will be a bloodbath- worse than yesterday. 

Fri, 04/11/2014 - 09:19 | 4647028 NDXTrader
NDXTrader's picture

Looks like we'll get a chance to see all of that promised HFT liquidity today

Fri, 04/11/2014 - 10:00 | 4647198 Iam_Silverman
Iam_Silverman's picture

"Go Away In May" could be starting a little early this year.

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