Bond Yields Soar But Stocks Unsure Following Schizophrenic Jobs Data

Tyler Durden's picture

Great news - unemployment rate is tumbling (stocks rally and bond yields rip higher). Bad news - unemployment rate is tumbling (for all sorts of technical reasons that are entirely fallacious and do not reflect reality at all - stocks dump)... Bonds - after 2 days of aggressive short-squeeze covering - are bouncing higher in yield and stocks not holding any bid (with gold down) as better-than-expected data headlines suggest the punchbowl is steadily disappearing over the horizon. The USD is surging with USDJPY pumped up to 103 (but stocks not holding it for now) Perhaps bonds will recover once they sniff below the surface...



USDJPY blew through stops at 103 and is fading back now...


Stocks and bonds have a long way to play catch-down...


Charts: Bloomberg

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InjectTheVenom's picture

i dunno about you guys, but i'm lookin' for a new ath to buy !    bring it on !

Haus-Targaryen's picture

When will competeting actors begin to invest in competeting algos?  It will be like Battle Star Galactica, but in real life. 

kliguy38's picture

mommy's gonna take your punch bowl away you fochin clownazz's and when mommy and GS is done with you they'll throw you a towel to wipe your azzes

strannick's picture

People actually want a yield return for the privilege of lending to a bankrupt nation?

kliguy38's picture

hehehehe........well they AINT gonna get it.......once they figure that it aint comin' back.......then what??? WHAT do you do??? WHAT?

Jam Akin's picture

More "Price covery" in the markets today.  That's all we see anymore.  Not discovery, rather covery.

GetZeeGold's picture



Stocks Unsure Following Schizophrenic Jobs Data


Oh crap.....I don't think anyone is buying this!

fonzannoon's picture

Tyler that 10yr ain't soaring that much and is starting to compress. Moar flattening ahead?

tip e. canoe's picture

it did bounce hard off 2.70 didn't it?    like a handball served by a Puerto Rican papi off the Harlem asphalt.

been having a suspicion that the fat finger to 2.95 on 4/21 was a telegraph to where the 10yr was heading, but now beginning to wonder.

fonzannoon's picture

The word around the campfire is the shorts can't even cover this morning. No sellers.

So Close's picture

I see your usless jobs report and raise you a rigged S&P.

g'kar's picture

Next Tuesday will be interesting.

LawsofPhysics's picture

And there it is...

Told ya.

Another successful "sting" in less than 24 hours.

101 years and counting's picture

"they" were selling all April.  tops are rounded for a reason.  now its time to trap the sheep/peasants it took "them" 4+ years to get back into stocks.

Yen Cross's picture

  I watched usd/jpy leak higher all through Europe, so I knew what to expect. The cat was out of the bag about 2 hours before London opened. No manipulation here.

tip e. canoe's picture

none whatsoever

plant fruit trees and hedge accordingly ;~)

Hongcha's picture

Filled USLV in the 40 range.

Hongcha's picture

Covered 42.41 -- 6.5% profit thank you sir may I have another?

SheepDog-One's picture

Belgian bulk bond buyer seems to love it so far.

elwind45's picture

It is not the YTM that is of value to bond guys its the ability to control larger credit positions because of its collateral acceptance ease? Holding something until maturity is the minorist of reasons to buy bonds right now! Having access to these markets would be epic considering the total divergance of sense being displayed in today's commentary?

elwind45's picture

After this report is there any doubt that USA is much further along than the rest of the currency blocks? Day to day fluctuations make interesting copy but when currency traders are looking for growth and not epic dislocations they will be wanting DOLLARS! It not how far you have come as nation its how much your currency retains power of the purchasers COMPARED externally?