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Bonds Tumble As VIXnado Slams Stocks Higher

Tyler Durden's picture




 

The long-bond yield is now up 10bps on the week (and 5Y -4bps) leaving the yield curve steepening by its most in 20 months. Thanks to a handy - we don't need no stinking protection - VIX slam, US equity markets have recovered to highs of the day as the buying panic of yesterday is replayed once again.

 

VIXnado...

 

Now where have we seen this buying panic before?

 

Bonds getting slammed at the long-end...

 

pushing the yield curve notably steeper this week..

 

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Fri, 05/09/2014 - 14:06 | 4744174 Headbanger
Fri, 05/09/2014 - 13:02 | 4743890 HedgeAccordingly
HedgeAccordingly's picture

Da bonds... perhaps today we trade 1885 without a b*tch slapping? happy friday 

http://hedge.ly/YZ8u8c

Fri, 05/09/2014 - 13:12 | 4743894 fonzannoon
fonzannoon's picture

This is the first Friday where we are not screaming WW3 into the weekend. It's also getting closer to hamptons time for Wall street. 

Since today is so boring. Check out the balls on these people.

The Federal Election Commission voted Thursday to allow political committees and candidates to accept donations in the form of Bitcoins, a virtual currency that can be exchanged online without the assistance of a bank or another third party.

FEC commissioners unanimously approved an advisory opinion stating that Bitcoins can be donated to candidates and committees, provided they are subject to the same transparency and accountability rules governing other forms of donations.

http://www.cbsnews.com/news/fec-ruling-paves-way-for-bitcoin-political-d...

Fri, 05/09/2014 - 13:34 | 4744048 Eyeroller
Eyeroller's picture

True, this IS the first Friday where no one is screaming WW3 into the weekend, yet the potential for the Ukraine situation to escalate this weekend has never been higher with the referendem going ahead...

Fri, 05/09/2014 - 14:09 | 4744191 Headbanger
Headbanger's picture

Wait a minute..

Weren't Bitcoins just declared to be a potential terrorist threat by the CIA or the US military??

So that means a candidate is accepting donations from terrorists if they take Bitcoins.

Fri, 05/09/2014 - 14:11 | 4744197 fonzannoon
fonzannoon's picture

Just when you think they can't laugh in your face any more overtly

Fri, 05/09/2014 - 14:29 | 4744279 shitco.in
shitco.in's picture

And the UST (which just cut the boston fed as a customer): http://www.zerohedge.com/news/2014-05-08/austerity-strikes-fed-boston-re...

 

has a job posting up for "virtual currencies" aka bitcoin

https://www.fbo.gov/index?s=opportunity&mode=form&id=15d43de53e969bd779d48252d69c1307&tab=core&_cview=0

 

 

 

the recent sec release: http://investor.gov/news-alerts/investor-alerts/investor-alert-bitcoin-o...

 

did nothing but further legitimize btc and appropriately warn of the risks assocaited with investments that you can make in bitcoin.  ie: neo&bee, labcoin, activemining, i can go on forever... 95% of the SEC release wasn't referring to bitcoin itself, but other investments that can be purchased with btc that are denominated in btc on btc "stock exchanges"

 

 

Fri, 05/09/2014 - 13:07 | 4743911 orangegeek
orangegeek's picture

S&P500 weekly was up 1% last week and currently down 0.1%.

 

http://bullandbearmash.com/chart/sp500-weekly-climbs-1-shrinking-q1-gdp-...

 

Volume remains pathetically low - Bank of America says it's retailers buying - I call bullshit - it's institutions that are loaded with inventory and this market mess hasn't rolled because these institutions are still long and can't unload without tanking.

 

So this market topping will continue until the last two hedge funds trade the last two shares of google.  Then we crash.  Many thanks to Bernanke/Yellen for creating such a farce.

Fri, 05/09/2014 - 13:08 | 4743927 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

No Hope and No Change....long on booze and herb

Fri, 05/09/2014 - 13:08 | 4743922 FieldingMellish
FieldingMellish's picture

That will help mortgage rates. Oh yeah, I forgot, mortgages are so 2006.

Fri, 05/09/2014 - 13:11 | 4743940 Handful of Dust
Handful of Dust's picture

Zero-down, Never-Pay-Back Mortgages....

So yields, interest rates, joblessness, reality ... they don't matter.

Fri, 05/09/2014 - 13:16 | 4743964 NOTaREALmerican
NOTaREALmerican's picture

We've reached utopia.

Fri, 05/09/2014 - 13:10 | 4743925 medium giraffe
medium giraffe's picture

Yes, but now the green shoots are bouncing and the Fed has its eye on the ballpark, so things will recover pretty fastly.  Calm it easy, it's all downunder control.

 

Fri, 05/09/2014 - 13:15 | 4743960 NOTaREALmerican
NOTaREALmerican's picture

stocks = inflation.

Fri, 05/09/2014 - 13:17 | 4743973 undercover brother
undercover brother's picture

get your money while it's still hot.

Fri, 05/09/2014 - 13:18 | 4743977 Kreditanstalt
Kreditanstalt's picture

Why is the US paper dollar going up and up and up...?

Fri, 05/09/2014 - 13:19 | 4743984 NOTaREALmerican
NOTaREALmerican's picture

The best of the wurst?

Fri, 05/09/2014 - 13:27 | 4744009 Spitzer
Spitzer's picture

Fuck you it is. The Euro is in way better shape. No sarc

Fri, 05/09/2014 - 13:36 | 4744055 DavidC
DavidC's picture

Errm, no it's not.

DavidC

Fri, 05/09/2014 - 14:21 | 4744242 Spitzer
Spitzer's picture

Net creditor , no trade def, more gold then US

Dumb fool

Fri, 05/09/2014 - 13:20 | 4743986 fonzannoon
fonzannoon's picture

Because that alien Draghi created a technical bounce yesterday when the Euro broke 1.40 and announced QE in June.

Fri, 05/09/2014 - 13:29 | 4744019 Amish Hacker
Amish Hacker's picture

Short squeeze. If you hold dollar-denominated debt, you are short the dollar, and therefore you must chase dollars to repay your debt.

Fri, 05/09/2014 - 13:46 | 4744092 qazwsx
qazwsx's picture

Dollar is up big today.. will it continue more than a day? looking over the past, seems to just come right back down.

Fri, 05/09/2014 - 13:53 | 4744124 Spungo
Spungo's picture

What is a mortgage? Is that when an all cash purchase is done over 2 separate payments?

Fri, 05/09/2014 - 15:05 | 4744433 Kreditanstalt
Kreditanstalt's picture

The Comex "gold price" is tracking the EUR-USD tick-for-tick.

Apparently there is some pressing need by some entities to swap one kind of fiat paper for another now because EURO is planning to print.  It's all about "QE", as ever.

These people are SOOOO myopic.     Printing has been going on, everywhere, for years and all they do is chase their tails buying one kind of paper asset then swapping it for another, endlessly, in smaller and smaller circles...

This can ONLY end is absolutely RAGING price inflation.

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