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A Non-Random Walk Higher In Treasury Yields
Treasury yields have been levitating at an oddly uniform 1bp/hour rate since around 6amET... looks normal... Burton Malkiel would be proud.
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When do they start serving investors free drinks so long as they are trading?
yep - shits normal. interest rates can't budge, oh, and this is happening in russia:
Exclusive: Russian central bank buys up domestic gold output as sanctions bite
http://www.reuters.com/article/2014/11/10/us-russia-gold-cenbank-exclusive-idUSKCN0IU20D20141110
Russians buy dollars, hoard cash on rouble fears
http://www.reuters.com/article/2014/11/10/us-russia-rouble-devaluation-people-idUSKCN0IU1M820141110
Wake us when Russia starts hording oil and gas.
R2K now in the red. Stawks not levitating like they should despite gold and bond dump. Somethings broken besides the market.
Wait until the low volume orgy tomorrow if you are looking for normal.
I'm sure they'll "investigate" it. Perfectly normal that this only occurs in our treasury bond market - the only one who has a large futures market tied to it, the only one who has algos and HFT tied to the futures market.
Heads up from someone.
For what is the question ?
Possibly somebody smells smoke and is tiptoeing to the exit?
poke it with a stick, maybe it's dead
o/t "Administration expects health law coverage for 9.9 million by 2015, millions fewer than CBO estimates"
translation - adverse selection leading to death spiral
On related news, maybe zerohedge can help explain why on earth is a director of fixed income trading of Citadel (hedge fund) on the TBAC - treasury borrowing advisory committee?
how the f*ck is a director of trading of a hedge fund giving "advice" to treasury on their issuance? is it to help his fund in it's strategy of shorting treasuries?
is this why we are having 10yr and 30yr treasury auctions this week that are $3 billion larger than normal and announce these auctions only some 5 days in advance, so that they can go nuts shorting it and proclaim that the bid to cover was "weak"?
jack lew, a banksters best friend.
initial headfake; 'see rates are going up!', buy stockss b/c the eoncomy is healthy and rising rates indicate health. perhaps back in the day; but today rising rates are the tide coming in to an economy buried in the sand to its head
FED walking in a straight line to the Treasury purchase window (in disguise of course).
Merely another type of alligator formation.
Look for the 10 YR yield to pull back slightly before starting the next leg up to loftier heights.
http://www.globaldeflationnews.com/10-yr-us-treasury-yieldelliott-wave-u...
JPY isn't working anymore? Maybe NANEX can take a look futures.
I wonder who the people buying 10 and 30 year treasuries are.
I mean, you can not be serious.
In 30 years our Lizard overlords will have us all in chains in the shale oil mines.
b. malkiel ...
great proponent of the Efficient Market Hypothesis:
http://www.rebalance-ira.com/news/burt-malkiel-on-rebalance-ira/
some people just love to read their printed words
and listen to themselves talk.
i got your efficiency right here.
late,
cdm
The banks need treasuries as collateral, so people have to be scared out of bonds.
Plus they need to hold up the stock market, so again, scare people out of bonds and presumably into stocks..
I think they really do raise rates, even if it seems unwarranted.
Schwing ! *Dana Carvey*