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10Y Yield Drops To 10-Month Lows As Stocks Hit Record Highs

Tyler Durden's picture




 

10Y Treasury yields are tumbling once again this morning to 2.48% - near the lowest level since July 2013. Stocks are not...

 

 

Think Treasury yields are too low?

 

And then this happens...

 

Charts: Bloomberg

 

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Wed, 05/28/2014 - 08:48 | 4801369 Headbanger
Headbanger's picture

Sign of of a stampede starting out of stocks ??

Or a global flight to safety cause WW III is about to start?

http://www.marketwatch.com/investing/index/DXY/charts?symb=DXY&countryco...

S&P futures backng off too:

http://data.cnbc.com/quotes/%40SP.1/tab/2

 

Sum Ting Wong!

Wed, 05/28/2014 - 08:51 | 4801393 stant
stant's picture

it would have already started,but no one wants to play directly. and they are out of suckers to back door it. for now

Wed, 05/28/2014 - 09:06 | 4801399 Headbanger
Headbanger's picture

Are you the guy who makes those gas caps?

 

CNBS saying lack of bonds is cause of lower yields

http://www.cnbc.com/id/101708687

Wed, 05/28/2014 - 09:14 | 4801452 stant
stant's picture

no still on the hose clamp mach. gas caps are made by full time union labor

Wed, 05/28/2014 - 09:11 | 4801445 spastic_colon
spastic_colon's picture

TPTB are going to make sure and ram the old "sell in May" right up everyones ass, the only things that matter right now are...EOM, AAPL split, and the phony ECB promise....the fraud is feeding on itself, there are only a few "old sayings" left to undo.

Wed, 05/28/2014 - 08:44 | 4801370 SlipStitchPass
SlipStitchPass's picture

It will take a Nuke in NYC to cover up this fraud. The gold market breaking lower proves that they are taking it to the wall. No managed retreat! The day it breaks it will be covered up with a "terrorist" attack.

Wed, 05/28/2014 - 08:48 | 4801378 Winston Churchill
Winston Churchill's picture

Obozo has already forecast a nuke in Manhattan.

Isn't July 4th when they ley off the big fireworks.

I was supposed to be in NYC then, but have changed my plans.

Wed, 05/28/2014 - 08:50 | 4801388 fonzannoon
fonzannoon's picture

In 2009 Obama said to buy stawks. In 2014 Obama said to open a MYRA invested in treasuries. He did not say to sell stocks to do it. Therefore our POTUS still has a buy recommendation on stawks and bawnds. He makes Buffet look like a piker.

Wed, 05/28/2014 - 08:55 | 4801402 Winston Churchill
Winston Churchill's picture

Don't you live around the big apple Fonz ?

Concerned at all ?

Wed, 05/28/2014 - 09:05 | 4801428 fonzannoon
fonzannoon's picture

I am about 40 mins outside manhattan. I am not too concerned. I mean something happening is so far beyond my control anyway. I do avoid the city at all costs.

Wed, 05/28/2014 - 09:23 | 4801476 BandGap
BandGap's picture

If there is a nuclear false flag it won't be NYC. Maybe Buffalo or Erie, PA, but not NYC.

If NYC expect some "small" blast at a business/government building where everyone that matters decided to take that particular day off.

 

Wed, 05/28/2014 - 09:29 | 4801489 Save_America1st
Save_America1st's picture

@slip

You just might end up being right about that one of these days. 

https://www.youtube.com/watch?v=ckvDo2JHB7o

Wed, 05/28/2014 - 08:44 | 4801371 Tortfeasor
Tortfeasor's picture

Buy everything. With both hands.

 

Wed, 05/28/2014 - 08:45 | 4801372 Winston Churchill
Winston Churchill's picture

Looks like the recovery summer is next year.

Wed, 05/28/2014 - 08:45 | 4801373 dressguard
dressguard's picture

Don't worry. Only a fat finger!

Wed, 05/28/2014 - 08:50 | 4801381 yogibear
yogibear's picture

The Fed through it's actions has convinced so many non-financial people to buy and hold.

Wed, 05/28/2014 - 08:50 | 4801386 IPA
IPA's picture

"As long as tesla and facebook go really high so i can pay off my new boat." quote from a co-worker last week.

Wed, 05/28/2014 - 09:34 | 4801500 Bryan
Bryan's picture

Ah yes, the "go really high" strategy.  That one almost always works out well.

Wed, 05/28/2014 - 08:53 | 4801397 orangedrinkandchips
orangedrinkandchips's picture

Let me see...

 

1.) obnoxiously low volume CHECK

2.) bonds ripping, yields multi-year low CHECK

3.) equity "markets" ripping to all time high CHECK

4.) all-time high compacency and/or vix CHECK

GO ALL IN EQUITIES.....BACK UP THE TRUCK....BLUE SKIES FOREVER!

 

Wed, 05/28/2014 - 09:09 | 4801437 Seasmoke
Seasmoke's picture

GOLD hammered back well below $1300....... CHECK

Wed, 05/28/2014 - 10:55 | 4801789 Cpl Hicks
Cpl Hicks's picture

Meltdowwwwwwwwn!

It's gonna happen.
Just watch.

And who's going to be around to pick up the pieces?

You know, yes you do.

Wed, 05/28/2014 - 08:53 | 4801398 Caveman93
Caveman93's picture

Negative treasury rates soon?

Wed, 05/28/2014 - 09:11 | 4801442 orangedrinkandchips
orangedrinkandchips's picture

Real rates have been negative for a while, nominal rates will soon be negative, as there is nowhere else to go.....i guess.

 

 

Wed, 05/28/2014 - 09:26 | 4801482 BandGap
BandGap's picture

Why go anywhere? They put us in a circular room and told us to piss in a corner. Just watch the show, it's been going on for months now.

Death spasms take time, until they don't.

Wed, 05/28/2014 - 08:56 | 4801403 wagthetails
wagthetails's picture

oh, those clueless bond traders.  with their boring analysis of risk. 

Wed, 05/28/2014 - 09:11 | 4801440 OC Sure
OC Sure's picture

Clueless?

"The 30 year nearby bottomed around 128 in December.

The next leg up begins in earnest next month.

Watch the line drawn from the weekly tops in 2012 and 2013."

 

 

 http://www.zerohedge.com/news/2014-04-28/key-events-coming-very-busy-week#comment-4703606     

 

 

Wed, 05/28/2014 - 08:58 | 4801408 Ban KKiller
Ban KKiller's picture

I woke up today and the markets are still corrupt? No honest accounting? EPS boosted by share buybacks while free cash flow is diminishing? Soviet union memories anyone? Market is so rigged it finally shows...if you care to look.

Bullish!

Wed, 05/28/2014 - 09:06 | 4801419 Dr. Engali
Dr. Engali's picture

This is not that hard to figure out. We are Japan and rate will continue lower over time. Sure we will be eating worms and grass, but at least we will have our Obamaphones and shitty healthcare. The bankers and the MIC will no okay, so no need to worry about them.

Wed, 05/28/2014 - 10:00 | 4801559 Spastica Rex
Spastica Rex's picture

Don't eat grass, eat lamb's quarters.

Mmmmm...

Wed, 05/28/2014 - 11:03 | 4801845 Cpl Hicks
Cpl Hicks's picture

You call it a pseudo cereal.

I call it a weed.

Wed, 05/28/2014 - 09:04 | 4801424 FreeNewEnergy
FreeNewEnergy's picture

How many here believe that the ten year will be

below 2% (vote up)

above 2% (vote down)

by this time next year?

 

Wed, 05/28/2014 - 12:05 | 4801431 Youri Carma
Youri Carma's picture

Dollar devaluation is good for stocks because they seem to be worth more. The FED put quaranties a worthless dollar.

If you sell interest rates derivatives you got to make people believe interest rates will rise. Hee! Were have we seen this before?

US Generic Govt 10 Year Yield 2.44% Now http://www.bloomberg.com/quote/USGG10YR:IND

Wed, 05/28/2014 - 09:26 | 4801481 Guitarbill
Guitarbill's picture

They both can't be right....or can they? Or maybe there is so much money sitting in the banks that they are just buying everything. Glad the markets are not rigged...this is normal right? I mean the gumbmint knows what is doing, afterall they have PHD's. Hey Twitter got an upgrade today! buy buy buy!   /sarc(in case you were confused)

Wed, 05/28/2014 - 09:34 | 4801499 youngman
youngman's picture

I have to hand it to those Brusselianians...they have some balls

Wed, 05/28/2014 - 10:05 | 4801575 Bay of Pigs
Bay of Pigs's picture

Belgium, Sweden, France and Austria yeilds down 40% in 3 months.

You cant make this shit up...


Wed, 05/28/2014 - 11:01 | 4801827 Cpl Hicks
Cpl Hicks's picture

Hey, somebody made it up.

Some smoke filled conference room in Zurich. A bunch of wise guys sitting around thinking up the next outrage. They came up with this, threw it against the wall to see if would stick. Lo, it did and they said , and I quote: "Das ist gut!"

Voila.

Wed, 05/28/2014 - 11:03 | 4801842 Fix It Again Timmy
Fix It Again Timmy's picture

STOCKS going higher and higher!  Must be those damn Belgians buying and buying; apparently chocolates are the road to riches!....F gold, make chocolate truffles....

Wed, 05/28/2014 - 11:22 | 4801932 Eyeroller
Eyeroller's picture

Chocolates ARE the road to riches!

Just ask Poroshenko...

Wed, 05/28/2014 - 11:09 | 4801886 disabledvet
disabledvet's picture

Try and trade this one Wall Street.

Having fun yet? "We meant to say we haven't made ANY MONEY for the last 500 trading days."

Wed, 05/28/2014 - 15:57 | 4802854 gabrinis
gabrinis's picture

it is divergence

the more as FED is tapering

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