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10Y Treasury Yield Crashes To 1 Handle

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Wed, 10/15/2014 - 09:40 | 5333513 observer007
observer007's picture

Dog has EBOLA?

The dog belonging to the Dallas nurse infected with Ebola has been moved to quarantine in a decommissioned naval base. Nina Pham was happy to hear Bentley was doing just fine. Jane Pauley reports.

 

http://tersee.com/#!q=ebola+dog&t=text

Wed, 10/15/2014 - 09:44 | 5333536 Stackers
Stackers's picture

EURUSD is exploding higher as well. Draghi speaking ?

Wed, 10/15/2014 - 09:48 | 5333582 max2205
max2205's picture

Need the market to crash not the fucking rates...

Fucking Fed

Wed, 10/15/2014 - 09:51 | 5333616 Took Red Pill
Took Red Pill's picture

they won't let it until after the election

Wed, 10/15/2014 - 11:08 | 5334150 daveO
daveO's picture

Especially if Rep's take Senate. Then, they'll crash it twice.

Wed, 10/15/2014 - 12:51 | 5334900 Rockatanski
Rockatanski's picture

while i agree everything is rigged, i think the dems and repubs are all in it together and i do see how they care about who wins what. thats all rigged anyway. look al Obola's last election, nuf said.

 

 

Wed, 10/15/2014 - 10:52 | 5334063 El Vaquero
El Vaquero's picture

If rates go down, deficit spending can continue or even increase.  Low rates trump high stock market, at least until a crashing stock market starts killing banks and other huge corps.  When it does that, we'll see more printing, maybe in the form of QE, maybe in the form of something else.  Had I been willing to put my money where my mouth was, I would have been long USTs a while ago.  You can go through my post history to see the many posts where I have said that a crashing market means a flight to "safety."  But I'm not willing to put my money where my mouth is.  I'm not an insider.  That's just what I think as an outsider looking in.

Wed, 10/15/2014 - 10:00 | 5333710 medium giraffe
medium giraffe's picture

All dollar pairs spiked - dollar went 'splut'.

Wed, 10/15/2014 - 09:43 | 5333538 eclectic syncretist
eclectic syncretist's picture

Dogs are very well known to be carriers of Ebola.  Pigs too.

http://www.ncbi.nlm.nih.gov/pubmed/23689899

Wed, 10/15/2014 - 09:43 | 5333547 Itch
Itch's picture

Stay away from your sister then.

Wed, 10/15/2014 - 09:54 | 5333642 eclectic syncretist
eclectic syncretist's picture

Nice one!  I'm upvoting you now. Then I'd say it's time to start checking into some career opportunities.

https://www.youtube.com/watch?v=LqGkg4J0uTc

Wed, 10/15/2014 - 10:40 | 5333983 falak pema
falak pema's picture

Ebola does not make you itch even if you are a dog or a sister. 

Wed, 10/15/2014 - 09:40 | 5333516 Dostojevskij
Dostojevskij's picture

these lines are going to dig underground

Wed, 10/15/2014 - 09:40 | 5333523 OC Sure
OC Sure's picture

ROFL. Is there a shortage of high "quality" collateral somewhere?

Wed, 10/15/2014 - 09:46 | 5333572 ilikepies
ilikepies's picture

Roll her in flour and garnish her mouth with an apple. 

Wed, 10/15/2014 - 10:01 | 5333686 eclectic syncretist
eclectic syncretist's picture

The yield on the 10-year is out back in the Manhattan woodshed taking a collossal ass-whipping right now.  I can feel the pain all the way from here.

Wed, 10/15/2014 - 09:42 | 5333528 Keltner Channel Surf
Keltner Channel Surf's picture

Yesterday, a 2% 10-YR seemed so far away . . .

 

 

Wed, 10/15/2014 - 09:58 | 5333691 NotApplicable
NotApplicable's picture

I think I even saw someone here yesterday make that exact comment.

Wed, 10/15/2014 - 10:29 | 5333918 Buckaroo Banzai
Buckaroo Banzai's picture

Now, sub-2% rates are here to stay...

Wed, 10/15/2014 - 09:44 | 5333544 CunnyFunt
CunnyFunt's picture

Look at gold. My F5 key is about to take a shit on kitco.

Wed, 10/15/2014 - 10:19 | 5333853 sleigher
sleigher's picture

Does it always make big jumps like that only to be smacked back down?  

 

Funny, the silver chart looks almost the same.

Wed, 10/15/2014 - 13:16 | 5335139 BigJim
BigJim's picture

Yes, well, obviously, the two monetary metals - which now have completely different fundamentals - will trade in perfect tandem in a non-rigged, free-market like ours.

Wed, 10/15/2014 - 09:44 | 5333550 The Most Intere...
The Most Interesting Frog in the World's picture

Obviously, the Treasury market forgot to consult with Econ Matters this morning!

Wed, 10/15/2014 - 09:46 | 5333560 LawsofPhysics
LawsofPhysics's picture

Hey, debt is getting cheaper, time to load up!!

/s

all according to plan...

Wed, 10/15/2014 - 09:45 | 5333563 Rastadamus
Rastadamus's picture

EBOLA IS FINALLY BEING PRICED IN

Wed, 10/15/2014 - 09:48 | 5333585 LULZBank
LULZBank's picture

National limp dicks day?

Wed, 10/15/2014 - 09:49 | 5333593 Dr. Engali
Dr. Engali's picture

No shocker here. Been expecting this sic=nce the beginning of the year.

Wed, 10/15/2014 - 09:49 | 5333599 Global Hunter
Global Hunter's picture

I am no bond expert but that doesn't look like a "normal" move to me on that chart!

Wed, 10/15/2014 - 09:54 | 5333638 headhunt
headhunt's picture

'The new normal'

Wed, 10/15/2014 - 09:50 | 5333602 oudinot
oudinot's picture

WOW

Wed, 10/15/2014 - 10:06 | 5333610 syntaxterror
syntaxterror's picture

Whoo hoo, Bill Gross' 2.3% bonds are exploding in value now. The guy's a genius!

Wed, 10/15/2014 - 09:53 | 5333634 juggalo1
juggalo1's picture

I'm still long the EDV.  It jumped almost 6% today.

Wed, 10/15/2014 - 09:54 | 5333644 Chief Falling Knife
Chief Falling Knife's picture

Pretty amazing.  If my chart is correct the Yield on the 2YR fell over 40% in about 6 hours this morning(0.41 to low of 0.24).  Though it looks like an attempt at a V-shaped recovery is being mounted at the moment.

Wed, 10/15/2014 - 09:54 | 5333655 Spungo
Spungo's picture

It's all Greek to me

Wed, 10/15/2014 - 09:55 | 5333661 Bell's 2 hearted
Bell's 2 hearted's picture

from april ... i bookmarked since i KNEW they would rue the day -

 

 

“Economists are unwavering in their assessment of where yields are headed in the next half year.

 

Jim Bianco, of Bianco Research, points out in a market comment Tuesday that a survey of 67 economists this month shows every single one of them expects the 10-year Treasury yield to rise in the next six months.

http://www.zerohedge.com/news/2014-04-23/groupthink-or-black-swan-rising...


Wed, 10/15/2014 - 10:01 | 5333717 LawsofPhysics
LawsofPhysics's picture

Yep.  the propaganda has been relentless. All complete bullshit.  Rates cannot go up, period.

Wed, 10/15/2014 - 10:31 | 5333926 mrpxsytin
mrpxsytin's picture

in physics terms does this mean the system is dead?

Wed, 10/15/2014 - 10:52 | 5334049 LawsofPhysics
LawsofPhysics's picture

Define the system you are talling about first.  by definition the earth is a closed system (energy is exchanged with the universe all the time, matter is not-with the exception of occational asteroids that make it to earth...).

 

That one complex and chaotic system.  The hubris of humanity is unbelievable and on full display right now.  The laws of Nature and physics really don't give a shit either way, evolve or die motherfuckers.

Wed, 10/15/2014 - 10:00 | 5333704 falconflight
falconflight's picture

Could the author or someone who understands the bond market tell me why the 2 yr has plunged over 11% today and is a rch of breaching 2%??

Wed, 10/15/2014 - 11:04 | 5334123 rex-lacrymarum
rex-lacrymarum's picture

My guess as to what happened would be: There have been very large short positions in t-note futures all along the curve from the 10 year downward. Only in the 30 year bond are there a few offsetting spec longs, but they pale compared to the short positions in the rest of the curve. These traders are normally trend-followers, and in this case they have tried to buck the trend and presumably there was a lot of short covering today. Must have hit a large number of stops. 

Wed, 10/15/2014 - 10:09 | 5333749 Dolus
Dolus's picture

Delete. Bad print. 

Wed, 10/15/2014 - 10:05 | 5333750 kowalli
kowalli's picture

qe4 - 300b a month any time?

Wed, 10/15/2014 - 11:17 | 5334199 daveO
daveO's picture

Jan-March 2015. They need 'blood in the streets', televised relentlessly during the holiday season, before the new CON-gress is sworn in. That way they can get the sheeple behind the counterfeiting, 'for the children'. You can expect the boob box to run many heart wrenching tales of economic woe between Rudolph and It's a Wonderful Life. All during Hanukah, of course.

Wed, 10/15/2014 - 10:07 | 5333766 LULZBank
LULZBank's picture

Kevin Henry missed the bus to work this morning.

Wed, 10/15/2014 - 10:14 | 5333834 Agent P
Agent P's picture

30+ bp move across the curve with over half now given back, and I'm still on my first cup of coffee.  WTF?

Wed, 10/15/2014 - 11:16 | 5334186 walküre
walküre's picture

Bunds are in negative territory already for a while. This is the harbinger of a total monetary reset where "money = debt" gets destroyed to make way for new currencies (or currency).

Gold is up for another reason.

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