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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Seasmoke's picture

Has there ever been a Black Friday ???

valley chick's picture

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

TeamDepends's picture

They'll settle for keeping silver under $20.

Occident Mortal's picture

Black Friday?


FTSE is down 1%

DAX is down 1.7%

CAC is down 1.2%

Italy down 1.2%

nuclearsquid's picture

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

svayambhu108's picture

Black Weekend or Black Widow like in ... Chewbaka

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.'s picture

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

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.

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. 

wallstreetaposteriori's picture

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

1835jackson's picture

Yellen!!!!!!!!!!!!!Let me in! 

A_Nejad's picture

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

SilverIsKing's picture

Steely Dan - Black Friday (1975)

StychoKiller's picture

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

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.

tip e. canoe's picture

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


Element's picture

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

bustdrs's picture

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

the not so mighty maximiza's picture

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

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.

ymom11's picture

Well, something is going to happen today.

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.

DavidC's picture

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


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

GetZeeGold's picture



Hey.....who told you?


That was suppose to be a secret!

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.

Ifigenia's picture

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

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.

cashtoash's picture

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

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.

SmilinJoeFizzion's picture

It will be a bloodbath- worse than yesterday. 

NDXTrader's picture

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

Iam_Silverman's picture

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