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European Stocks Tumble As Investors Rush Into "Safe Haven" Italian Bonds!?
Consumer confidence slumps in the core and Ukraine fears weighed heavily on European stocks despite getting a push from the insanity in US equity markets this morning. Europe closed at their lows of the day led by Italy and Portugal stocks fading fast. It would appear that these worried investors greatly rotated into safe-havens such as Italian government bonds - which broke to their lowest yield on record today... makes sense right?
European stocks tumble to lows of day...
All time reord low yields on Italian government debt...
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Prego!
Mama Mia!
Dang! Ya beat me to it!
But ya gott have:
Prego.. It's IN there!
The USD (DXY Index) isn't gaining as much as one would have thought on such bad European news. It sounds like it is loosing its mojo.
Pays 5% Jan/Jul Actual/360 in Canolis.
Leave the gun, take the cannolis
long Greeks who are backed by Italian/Spanish who are backed by Japanese who are backed by Americans' who are backed by Belgium.
Go long gov bonds and short gold (no physical available? just go shorter the short contracts)...golds backed by nothing while the might of the modern world stands behind and ready to pay their debt obligations!!!
In reality - all major gov debt bonds are backed by one another...so those yielding the highest have the same risk as those yielding the least...
Italian bonds......German bonds..........Spanish bonds........Greek bonds...........they're all backed by the same ECB printing press, so what does it matter?
Technically there probably shouldn't be any real difference in yields at all.
Just another case where Central Bank intervention has completely distorted/destroyed the 'free' markets.
The days of proper risk pricing are long gone.
true that
LMFAO...this is the video game we now live in...
Safe heaven lmao!!!!!!!!
Soveign debt is like the burning embers to a firewalker. The trick to not get burned is to never stand still in the same place for too long.
financial hot potato/musical chairs
Anything but PMs and stocks.
You would think they would know that their Russian gas is going to be shut off....that has to have some effect I would assume....and Bercoloni got sentenced to 1 year of nothing....singing to old folks...so all is good in Italy...
"... makes sense right?"
Nothing makes sense anymore.
why not? we are talking about major G20 industrialized countries which are at the bottom of their cycle, with a currency they can't devalue, after years and years of shrinking deficits. just saying
I wasn't specific enough and was speaking to the amount of rigging going on in the markets. Stuff like store closings, unemployment rising, missed earnings and... stocks up! What seems like it s/be up, go down, and those which one would expect to fall keep rising.
Someone turned the dial to full retard again....
yeah, well how 'bout this bullshit?
New Derivatives Rules Rescinded To Help Banks Make More Money http://investmentresearchdynamics.com/new-derivatives-rules-rescinded-to-help-banks-make-more-money/
Derivatives Rules Softened in Victory for Bankshttp://www.bloomberg.com/news/2014-04-10/derivatives-rules-softened-in-victory-for-banks.html
And as Denver Dave says at the end of the first article above:
"Anyone who understands what is going on here and continues to keep their money inside the financial system is either extremely naive or tragically stupid. Forewarned is forearmed."
dsaf
I thought it was the French that boiled frogs?
Italian bonds. Jesus, Italian riot troops were beating and arresting austerity protestors just yesterday. The people claim high housing costs, low wages, austerity and rising food prices are killing Italian families. EU paradise! Spread it to East Ukraine! Wonder why they fight to keep the IMF and EU cunt bankers out!
Great Depression. "Just like Japan only you have many Japans."
Every "asset" is being monetized...deman is falling off a cliff, Belgium is being used to convert hundreds of billions of euro's to buy treasuries in an attempt to drive down the value of said currency.
it will fail of course. "and now you have Ukraine." Hard to call that a front line.
Yet.
Now that is hilarious....
Full Retard.
Next up, inflation proof Zimbabonds and a strongly strengthening Yen...and rising interest rates in the US....ding...ding...ding...
ori
Zimbabonds?? Why the fuck didn't I think of that!
So it all makes sense now. Pound Gold ( Non safe heaven ) and pool everyone toward Bonds ( the safe heaven ) the fakery is more exposed daily, truly amazing how these actors operate with ZERO regulation. The bought and paid for are paid off and so on and so on and so on....
waiting for WSJ to explain the chinese are selling gold to buy NFLX and ukrainian vacation property
Wait a minute --- these are "investors"?
Yeah and they're probably buying physical gold like crazy too but there's an MSM blackout on that
Meanwhile, 5yr treasury note yields are flat...these gullible fukks still think Ole Yeller is going to raise rates next year...M-O-R-O-N-S
Belgium bonds i could understand because Belgium owns and just bought more of US paper so....o no, never mind.