10Y Yield Tumbles To 13-Month Lows, Gold Jumps Over $1300: Surveying This Morning's Carnage

Tyler Durden's picture

At 2.43%, 10Y Treasury yields are back at June 2013 levels with the entire complex pressing low-yields of the day (down 5-6bps on the week). The USD is strengthening (now up 0.45% on the week) to new 11-month highs. Equity markets are reeling in US and Europe. All major US indices are now down almost 1% from last week's payrolls data, and the Dow and Russell 2000 remain notably red year-to-date. In Europe, it's getting ugly fast, the broad European stock market is now down for 2014 with the periphery suffering the most. For 2014, Portugal is worst but Germany's DAX is -3.5% YTD. European bonds are also hurting with Italy, Portugal, and Spain spreads up 12-22bps, with German 2Y yields at 1bps - their lowest in 13 months. Gold is up on the week, jumping above $1300 this morning as copper slides.



US Treasury yields are tumbling...


US equities are pressing lows post payrolls.


European stocks this week...


and since the start of 2014 - Portugal worst, followed by DAX...


European peripheral bonds this week...


Where's the money going?


Charts: Bloomberg

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Headbanger's picture

Yeah but what's the price of lead doing?

junction's picture

Too many charts. I prefer pictures.  Preferably of screaming hedge fund operators jumping off tall buildings.

smlbizman's picture


stant's picture

38 spl down to 20 bucks per 50

agent default's picture

Lead unbacked by C6H7(NO2)3O5  is worthless.

LawsofPhysics's picture

Shockingly cheap, now gunpowder on the other hand...

10mm's picture

Take advantage of prices down. He's still in.

Bill of Rights's picture

Very nice Ukraine timeline available here.

The Ukraine Crisis Timeline

NoDebt's picture

Gold ripping higher to $1300.  For the 57th time this year.

SoilMyselfRotten's picture

Not to worry, the smack-down enforcer will be back from break soon.

Space Animatoltipap's picture

When will some of these guys be taken out besides through suicide? I truly wonder how long people are going to accept this stealing.

fonzannoon's picture

I'd say not anytime soon. Dollah ripping higher. Bawnds bid. Stawks providing the next btfd opp. Gold continues to be in the $1,300 headlock with Yellen ripping farts in it's face....

oddjob's picture

DXY is still lower since you and ekm took over the king dollar campaign from Larry Kudlow.

fonzannoon's picture

I own a lot more gold than Larry

Dr. Engali's picture

Option expiration will smack it back into its place.

agent default's picture

Look like gold intervention is beginning to fail big time.  I wonder what they will come up with now.

SoilMyselfRotten's picture

No need to wonder...there's $billions of paper still out there.

monopoly's picture

Just keep your hand on the Tiller, keep the ship straight. We will prevail. That I know. Do not give up now.

People'sRepublicof CT's picture

Just before the forces of intervention are exhausted, uncle Barry will sign an EO authorizing the snatching of your gold..."to ensure there is no panic"

ekm1's picture

Zerohedge still assumes that there is a market and there is genuine buying and selling