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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Wed, 08/06/2014 - 08:32 | 5053240 Headbanger
Headbanger's picture

Yeah but what's the price of lead doing?

Wed, 08/06/2014 - 08:36 | 5053250 junction
junction's picture

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

Wed, 08/06/2014 - 09:44 | 5053534 smlbizman
smlbizman's picture


Wed, 08/06/2014 - 08:38 | 5053256 BustainMovealota
BustainMovealota's picture

The new precious metal

Wed, 08/06/2014 - 08:39 | 5053260 stant
stant's picture

38 spl down to 20 bucks per 50

Wed, 08/06/2014 - 08:45 | 5053280 agent default
agent default's picture

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

Wed, 08/06/2014 - 09:24 | 5053342 LawsofPhysics
LawsofPhysics's picture

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

Wed, 08/06/2014 - 09:35 | 5053483 10mm
10mm's picture

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

Wed, 08/06/2014 - 08:34 | 5053246 Bill of Rights
Bill of Rights's picture

Very nice Ukraine timeline available here.

The Ukraine Crisis Timeline

Wed, 08/06/2014 - 08:35 | 5053247 NoDebt
NoDebt's picture

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

Wed, 08/06/2014 - 08:35 | 5053249 SoilMyselfRotten
SoilMyselfRotten's picture

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

Wed, 08/06/2014 - 08:39 | 5053254 Space Animatoltipap
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.

Wed, 08/06/2014 - 08:40 | 5053268 fonzannoon
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....

Wed, 08/06/2014 - 08:51 | 5053306 oddjob
oddjob's picture

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

Wed, 08/06/2014 - 08:55 | 5053322 fonzannoon
fonzannoon's picture

I own a lot more gold than Larry

Wed, 08/06/2014 - 09:27 | 5053452 Spitzer
Spitzer's picture

He has silver fillings

Wed, 08/06/2014 - 09:02 | 5053320 Dr. Engali
Dr. Engali's picture

Option expiration will smack it back into its place.

Wed, 08/06/2014 - 08:39 | 5053265 agent default
agent default's picture

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

Wed, 08/06/2014 - 08:42 | 5053275 SoilMyselfRotten
SoilMyselfRotten's picture

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

Wed, 08/06/2014 - 08:51 | 5053305 monopoly
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.

Wed, 08/06/2014 - 09:05 | 5053359 People'sRepubli...
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"

Wed, 08/06/2014 - 09:25 | 5053442 LawsofPhysics
LawsofPhysics's picture

to whit I say "What gold?"

Wed, 08/06/2014 - 09:19 | 5053418 ekm1
ekm1's picture

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

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