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Small Caps Hit One-Year Lows As 30Y Treasury Yield Drops Below 3%
With the cash bond market closed today, we get our cues from an admittedly thin Treasury futures market. Prices are up across the board with 10Y yield down 3bps at 2.25%, 30Y back under 3%, and 5Y down 4bps at 1.49%. The rates market, once again is leading stocks lower - not getting as exuberant as stocks out of the gate... The Russell 2000 is at one-year lows (Oct 9th 2013 to be exact)
Bond futures implied rates...
as bonds drag stocks lower back to reality...
Russell 2000 dropped to one-year lows intraday...
Charts: Bloomberg
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ZIRP 4EVA BITCHEZ!
NIRP, BITCHEZ!
Quick, War-Game it BETTER!
http://online.wsj.com/articles/u-s-british-regulators-test-readiness-for...
This is what is next + StImUluS!
third top in real estate coming? below 4 percent 30 yr conv. come on you fuckers, you can stop the plunge of echo bub!
The Fed now has to QE just enough to get all the rest of its Wall street buddies out of the market.
Then they can really let the motherf&$R burn to the ground.
But never fear, Warren Buffet will once again be waiting on the bottom to buy below book value.
Suckers!!
Yields will continue lower still.
Dr. you are correct, as it must. just a mathematical theory...
LOL!!! Faux markets...
bring out the NIRP....
The average sheep and middle class are fucked....
without going in the merits of your (hilarious) Faux Markets, I somehow doubt that you'll see NIRP
banks don't like NIRP. it does not seriously hamper their style, but they don't like it nevertheless
-0.10%?
Perhaps, but we already have ZIRP in real terms. Much of the E.Z. bond market already has seen ZIRP as well, even in nominal terms (people paying the bank to lose some money)
totally fucking stupid.
Wow, just think, if the 10Y rates drop 50%, we will be about equal to most of Europe.
pods
since the Great Satan... sorry, the Great Saver Of The Moment is europe, with it's "EuroGlut"TM, at that moment it would mean that the average (and marginal buyer) european fund thinks that the US has the same risk as most of Europe. Or not? Beauty is in the eye of the Beholder
Just think that only 3-4 weeks ago, you could have bought the US 10yr at 2.6+%. And yes, I was here telling everyone that you should buy it.
Btw, 2.0-2.1% is the next stop......on the way to 1.5% (if the risk asset selling really gets going; so far, we've only suffered a "scratch").
i vividly recall summer of 2013 all ... ALL "experts" calling for "normalization" (whatever the heck that means) of the 10yr yield between 3.5% to 4% in 2014
dopes
Another failed prediction from the supposedly prescient experts. A 10YR UST yield of 3.5% to 4.0% would result in an implosion of the system with all non-essentiall economic activity grinding to a halt.
exactly what france is going to be soon. from the inside, not a fucking atom of the whole country can be changed.
economically france is burning slowly but gov cannot move, it gives air to fire to get amplitude.
wait january 2k15 for the fiesta
plunge team to the s&p stat!
got some IWM calls now.. hoping for bounce
Good man. Was long myself, but got out near my BE from earlier mistakes (dang it). I'd think 106 - 106.50 might be the near term algo profit-taking spot, though if it gets beyond there post-lunch with SPY participation, conceivable you could see 108 by 4 pm , but only in an ideal scenario. Perhaps more likely is a drop back toward VWAP in 105 area, then a push a half-pivot beyond current highs before the close. Will be interesting to watch.
Part of my decision to go long calls on IWM .. Oct 18th expiration mind you.. was this ..
http://armstrongeconomics.com/2014/10/12/the-pending-phase-transition-cy...
"The sell signals achieved on Friday will most likely see follow-through on Monday. That could form just a temp low with a bounce and then back down for November. "
It's some profit money I'm willing to risk.
Possibly heading down to VWAP. Very odd, tough day to trade, perhaps from the holiday, many technicals mixed. Could be the highs we saw will hold for the day, even if it later rebounds. Went short a little while ago, but won't give it long if it backs up.
Quick Captain, sound Neo-con One, better get boots on the ground in Iraq/Syria quick..... More power to the presses....
After Europe closes this could get really fugly, or not....
OT: The world is going mad..... Meet Belgium's new Minster of Public Health.
https://twitter.com/iowahawkblog/status/521505022614327296
http://i.imgur.com/KzH1mmA.jpg?1
http://www.memecenter.com/fun/3973937/new-belgian-minister-of-health-the...
The Belgian Bulge?
is she larger than Belgium? if yes, is she one of that party to which Sudden Debt belongs, and might ask for independence... of herself, instead of Flanders?
but seriously, we are so proud of the Belgians. This time, it took them less then one year to form a government. And it's a center-right coalition, including the rebellious Flamish Open_Vlaamse_Liberalen_en_Democraten, to which she, Maggie_De_Block, belongs
yup, at least now we know where the treasury bonds has been stocked
It's getting very late in this game......who wants to start over ??
just like clock work...
the v shaped ramp in the Fraud Markets in the last hour of trading in London...
how surprising...
This is the plan , ie QE time fed buys bonds ( supports
Govt spending all is good ).
End QE equities sell off ( funds flow to Govt bonds)
to keep supporting govt spending
Ie it never changes, equities sell off it's just private sector
adjustment ..
If the Govt bonds crash ( see Greece) it's game over
no more govt spending ( US army ect ).
So the will always sacrifice equities to keep the govt
going . The bigger the fall the better more money to the govt
some french guy on CNBC right now saying he just got off phone with french president. saying "france has alot of human capital". i lol'd and said "yeah, they just don't have actual $$$ capital"
fuck. i'm trapped, ok i admit it, i'm poor & french.
/suicide
qe may be officialy ending, but there are many other avenues of debt creation. the fed will create more debt(money). that is a given, what other choice is there? let this fucker implode or reset and get back to free markets, ha, they are so far down the rabbit hole they are at molten rock...