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Bond Yields Soar But Stocks Unsure Following Schizophrenic Jobs Data
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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Blame hft! http://hedge.ly/1m2zMWU
i dunno about you guys, but i'm lookin' for a new ath to buy ! bring it on !
When will competeting actors begin to invest in competeting algos? It will be like Battle Star Galactica, but in real life.
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
People actually want a yield return for the privilege of lending to a bankrupt nation?
hehehehe........well they AINT gonna get it.......once they figure that it aint comin' back.......then what??? WHAT do you do??? WHAT?
More "Price covery" in the markets today. That's all we see anymore. Not discovery, rather covery.
so say we all
Stocks Unsure Following Schizophrenic Jobs Data
Oh crap.....I don't think anyone is buying this!
Tyler that 10yr ain't soaring that much and is starting to compress. Moar flattening ahead?
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.
The word around the campfire is the shorts can't even cover this morning. No sellers.
ouch
check mate
I see your usless jobs report and raise you a rigged S&P.
Next Tuesday will be interesting.
And there it is...
Told ya.
Another successful "sting" in less than 24 hours.
"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.
Triple top friday?... http://finviz.com/futures_charts.ashx?t=ES&p=d1
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.
none whatsoever
plant fruit trees and hedge accordingly ;~)
Filled USLV in the 40 range.
Covered 42.41 -- 6.5% profit thank you sir may I have another?
Belgian bulk bond buyer seems to love it so far.
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?
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?