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Treasury Yields Crater To 19-Month Lows After Stocks Close
Having already tumbled 10bps on the week, US Treasury yields plunged 4bps after the US equity market cash session closed... to the lowest 30Y yield close since May 2013.
Yields tumbled after stocks closed...
Closing at 19 month lows...
Charts: Bloomberg
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Buy the dip.
avocado or blue cheese?
In these uncertain times, I am certain of one thing: the driest vodka martini is made with a tablespoon of the juice from the pimento stuffed olive jar.
Very low Treasury yields and very low (paper) gold price promises a long weekend... Bet the internet runs a little hotter Sunday afternoon than normal.
"What would President Schumer do...?"
Schumer & Poors 500 would tell Mr. Yellen to "get to work Mr. Yellen".
Then quietly buy the $#!+ out of silver, while ridiculing it on TV in front of the useful idiot debt serfs.
Over the past year, developments like this one have brought me tears of joy. I can't wait til Sunday evening!
Long way to go to get to under one percent.
Somebody is way long oil and going to default here as well. It is still my opinion that that somebody is the State of Illinois but I look forward to be proven wrong.
"War Mongers delight" of course. Who needs actual money when you can print debt to infinity?
Not that taxes are being declared null and void...
If it's an institution the Fed will secretly make them whole. If it's dumb junk bond holders then tough luck.
Click you heels Dorothy...
Oh, well that's no good.
This is OT but, couldn't be helped.
Notice the date and time stamps...
http://www.infowars.com/missouri-national-guard-train-to-kill-militia-in...
http://www.thegatewaypundit.com/2012/07/obama-dod-runs-military-drills-i...
Looks like Al an Jesse gots some splainin to do. Coincidence?
Money is pouring into America looking for a safe place to hide. The falling value of both the yen and euro have the potential to reek havoc through contagion. For months the major world currencies had traded in a narrow range this allowed people to think was on sound footing as central banks across the world continued to print and pump out money chasing the "ever elusive growth" that always appears to be just around the corner. Recently several major currencies made multi-year highs or lows depending on the match-up .
Because of weak demand for goods most of this freshly printed money has been flowing into "intangible investments" this is why inflation has not been a major problem. John Maynard Keynes said By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. While there are not many Bond Vigilantes there are a slew of Currency Vigilantes and they are ready to make their presence known.
Weakness in the value of the Yen, Pound, and Euro must not go unnoticed. More on why this may be a signal that currency trading is about to get very wild in the article below. Please note, this may also be sending a signal that the whole system is unstable and the stock market could drop like a stone due to contagion. Dropping oil prices are also adding to this instability.
http://brucewilds.blogspot.com/2014/09/caution-alert-currencies-may-get-wild.html
King Dollar will take S&P earnings to the woodshed
(both exports and fx treatment of overseas earnings)
hello, capex cutbacks ... layoffs
couple that with cutbacks coming in energy and autos (subprime auto loans going bad)
*official* Recession on tap
Absolutely, USD is overshooting on the upside with end of QE and manufactured problems abroad.
got usd/rub calls?
The problems in Asia and the EU are very real. The US just happens to be the less smelly turd right now
"A bad day is when I lie in bed and think of things that might have been."
"Believing we're gliding down the highway when in fact we're slip sliding away."
http://www.youtube.com/watch?v=5_H-LY4Jb2M
how long will 10yr 2% hold?
Patton warming up the tanks for the Breakout (below)
In normal times bond yields should rise with strong equity markets. The $usd also tends to be a beneficiary.
It's obvious that anything in $usd terms that isn't "nailed down" is being bought. It's also painfully obvious that there's far too much liquidity concentrated in too few responsible hands.
We're living in a cycle of massive over capacity, and the same idiots that think expanding capacity through printing will save the fractional reserve system, are just exacerbating the problem.
It's funny that the same people that preach about greenhouse gasses, and environmental destruction out of the left sides of their mouths, preach about expanding and growing a system that is already overbuilt, out of the right sides of their mouths.
They're just trying to save their own hides by inflating their way out of being put to death by hanging, when the serfs get IOU's for their pension disbursements
YC,
Absolutely correct on the next to last paragraph.
Snapping time, hyper debt deflation risks close to you. The credit multiplier better expand soon, or we´ll have Fed starting QE4 soon.
I can't wait until the Dow is at 36K and the 30 yr is at 1%.
So, and what action will you take then ?
Sell, buy, hide in a hole ?
I don't hide in holes, thank you very much.
Anyway, I'll be buying the 30 yr, of course, as it's going .5%
all i see is what has to happen according to mathematics, basic that is.
muther f'krs will do whatever it takes and right now the arms and legs(primary dealers)
are backstopping qe4.1 and flight to dolla denominated assets. wow, what fcukin mess maynerd?!
ECON PROF: No Such Thing as American Dream...
- 'America has no higher rate of social mobility than medieval England'...
- PONZI: Treasury Issues $1T in New Debt in 8 Weeks -- To Pay Old Debt...
Just to clean out the tbond shorts who waited til the last second hoping for a bounce. When they did not get it, they panicked more after the close.
US Debt > 17 Trill and US 30 yr Treas < 3%. If I didn't see it w/ my own eyes I wouldn't believe it.
Low yields won't last much longer. The real SWHTF when yields begin the third-of-a-third move in the next few weeks and yields begin to approach 4% sometime in 2015...
http://www.globaldeflationnews.com/10-yr-u-s-treasury-index-yieldelliott...