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Treasury Market Liquidity Crashed To 2014 Record Lows During Today's 30Y Auction

Tyler Durden's picture




 

Golf-clap, Janet... you really screwed this one up...

 

 

With RBS exiting the "dead" Japanese bond market, is the US Treasury market next for the death of liquidity?

 

Source: @NanexLLC

 

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Thu, 12/11/2014 - 14:38 | 5540919 Atomizer
Atomizer's picture

We're going to have Christmas Zimbabwe style.

/Hahahaha

Thu, 12/11/2014 - 14:39 | 5540925 cossack55
cossack55's picture

We de-liquifyed some folks.

Thu, 12/11/2014 - 14:43 | 5540935 Winston Churchill
Winston Churchill's picture

 Harare necklance dancing is funky.

Thu, 12/11/2014 - 16:20 | 5541391 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

Congrats, best comment of the day. All we can hope for is a funky dance while the thieves finish their looting. Swiss 30-year guvvies at .089% yield, yeah, uh-huh, that's normal. BOJ buying 100% of the paper they issue from themselves, mm-hmm, really, no, no, really, the Emperor is wearing a fine-looking robe...

Thu, 12/11/2014 - 14:56 | 5540987 venturen
venturen's picture

Partying like its 2008!

Thu, 12/11/2014 - 14:39 | 5540926 LawsofPhysics
LawsofPhysics's picture

Are you suggesting that this wasn't a real auction?

/s

 

Thu, 12/11/2014 - 14:42 | 5540929 WTFUD
WTFUD's picture

Is that a graph of the Vagina Monologues?

Thu, 12/11/2014 - 14:43 | 5540933 NewAmericaNow
NewAmericaNow's picture
Beyond Collapse - The Best Survival Reference You'll Ever Read

http://newamerica-now.blogspot.com/2014/02/beyond-collapse.html

Thu, 12/11/2014 - 15:12 | 5541055 DutchR
DutchR's picture

That site gives the free book as "Beyond Collapse Ref.exe" when you download and on virustotal.com 9 scanners list's it as bad (trojan/injector/dropper) Thanks but no thanks.

I'll go for the free  pdf on this site: https://docs.google.com/file/d/0B6e3oH1LuRvzeGZlTHRkeHZQSkk/edit?pli=1

virustotal.com marks it clean.

 

edit, yes i know what a self-extracting Zip file is en yes the scans could be false positives but still

Thu, 12/11/2014 - 14:44 | 5540940 SheepDog-One
SheepDog-One's picture

Free money for everyone for eva yayyy!

Thu, 12/11/2014 - 14:44 | 5540941 The Most Intere...
The Most Interesting Frog in the World's picture

You lost me at "golf".

Thu, 12/11/2014 - 14:53 | 5540972 Amish Hacker
Amish Hacker's picture

Then be glad you didn't get the clap...

Thu, 12/11/2014 - 14:49 | 5540963 NotApplicable
NotApplicable's picture

Perhaps it was a moment of silence in remembrance of free markets?

Thu, 12/11/2014 - 14:50 | 5540965 kevinearick
kevinearick's picture

Telephones talking to telephones, telling their automaton carriers what to do, to show up on the freeway at 8am, so they can all be exploited, is not an economy. Uber isn’t doing anything new; it’s simply further isolating the individual, increasing the efficiency of extortion. Edison made the same mistake. And German Mitts are the last in position to complain. Thyssen, IBM & Friends, now bringing you The Cloud, experimented on human beings and threw them in the oven when they were done, with US Steel, all of which are expected symptoms of empire.

Empires live and die on the ability to arbitrarily assign debt to the individual, by force if necessary, taking the front end of the distribution and placing it in back. The argument of the monetarist is that you are helpless alone and must join a peer group, that the irrational market outlasts all individual investors. All politics is local in that controlling families at the community level breed out what they recognize as competitors, with increasing fiscal taxation. Communism doesn’t work, and always ends in fascism, because it places all participants in the same time, a prison of prison departmentalization.

Upon reflection, the number of times you have been misrepresented (lied to) by authority and the number of inconsistencies (lies) you have found in Empire History, do you really think that only a handful of individuals, as it suggests, exited its market of false assumptions?

What you learn over time is that time is the trees, frequency is the forest, and there are a relatively infinite number of dimensions. Every marriage is bonded by a common, with a potential difference, creating resonance at some frequency. Contract marriage is the empire common, chasing empire accounting money with compliance to civil law, feeding the bankruptcy queue with natural resource exploitation. It’s just a reference extension, carrying a load, like translating a D to a B with a Bell Curve, as a system retarder, which is what you see coming out of Stanford.

The problem with printing money to get to the future is that no one going to the future uses toilet paper, or gold, as a yard stick. The planet has a hold of this empire and is whipsawing it, because it has no labor for propulsion. Keep trying to prime that pump, expecting a different result. Actuarial accounting has always been a ponzi; Warren Buffet is just better at it than others, because he had a head start. Silicon Valley and Europe deserve each other.

To the extent the law is relative, and they ALL are, the only rules are those imposed upon the weak, by the less weak, herded up for the purpose. Don’t build your life on false assumptions and expect a happy outcome. The real estate agencies are crooks, public education is a farce, and the police state is fascist, surprise, but that doesn’t mean that everyone is a crook and no on is capable of ignoring the artificial business cycle.

If you have nested flags on your government paper from a third party – social services, a lawyer, a real estate agency, you can go to a judge in the fourth branch and motion for relief, but don’t expect the next iteration to be better. The wizard is a travelling snake-oil salesman, and the witch is wicked, selling out her own sister, but who willingly chose to enter the casino, expecting anything else?

Thu, 12/11/2014 - 15:01 | 5541019 eclectic syncretist
eclectic syncretist's picture

I'll have what he's having.

Thu, 12/11/2014 - 14:51 | 5540968 sun tzu
sun tzu's picture

No problemo. Fed will buy all of it just like BOJ

Thu, 12/11/2014 - 14:55 | 5540990 Alea Iactaest
Alea Iactaest's picture

It already is. And that's why there is no liquidity. QED.

Thu, 12/11/2014 - 15:19 | 5541112 MarketAnarchist
MarketAnarchist's picture

Government should just stop issuing bonds and instead just print the exact amount of currency units required to fund themselves. This way, they can still fuck us over without having the hassle of putting on the dog-and-pony 'bond market' show.

Thu, 12/11/2014 - 14:52 | 5540971 Glass Seagull
Glass Seagull's picture

 

 

No one will be able to sell their bonds when the time comes...as planned. 

Thu, 12/11/2014 - 14:54 | 5540980 Tsar Pointless
Tsar Pointless's picture

If you like holding your bag, you can keep holding your bag.

Thu, 12/11/2014 - 14:54 | 5540978 Creepy A. Cracker
Creepy A. Cracker's picture

Bullish...

Thu, 12/11/2014 - 14:54 | 5540982 silver surfer
silver surfer's picture

UST sucks

Thu, 12/11/2014 - 14:58 | 5540996 Bell's 2 hearted
Bell's 2 hearted's picture

"is the US Treasury market next for the death of liquidity?"

 

puh-leaze

 

QE over (drained liquidity)

 

japan 10yr yielding around 40 bps ... US 10yr around 220 bps ... no reason to exit as still plenty of room to move lower (and make $$s for dealers)

Thu, 12/11/2014 - 15:00 | 5541012 yogibear
yogibear's picture

Who wants to the US version of Zimbabwe notes?

"is the US Treasury market next for the death of liquidity?"

Both Japan an the US doing it Zimbabwe style.

Who wants trash?

Thu, 12/11/2014 - 15:04 | 5541036 cossack55
cossack55's picture

Is that anything like Gungnam Style?

Thu, 12/11/2014 - 15:07 | 5541052 Bryan
Bryan's picture

That looks like a giant sucking sound.

 

Thu, 12/11/2014 - 15:08 | 5541058 Bear
Bear's picture

Hurry ... print, print, print, print ...

Thu, 12/11/2014 - 15:07 | 5541060 PrayingMantis
PrayingMantis's picture

 

 

... golf-clap? ... blame the Nobel Piss Prized Wiener ...

Thu, 12/11/2014 - 15:20 | 5541081 g'kar
g'kar's picture

Chart looks like the event horizon of a black hole

Thu, 12/11/2014 - 15:12 | 5541084 wissen dass scheiBe
wissen dass scheiBe's picture

Get your ponchos ready.  Looks like Yellen just yawned in technocolor......

Thu, 12/11/2014 - 15:13 | 5541092 Last of the Mid...
Last of the Middle Class's picture

Looks like an anal fissure at a distance. 

Thu, 12/11/2014 - 15:19 | 5541106 wissen dass scheiBe
wissen dass scheiBe's picture

You put your QE in, you take your QE out, you put your QE in....hey! Who turned off the damn music ?

Thu, 12/11/2014 - 15:30 | 5541156 joego1
joego1's picture

Woops! Ran out of lies to sell for a moment there, please quit looking behind the green curtain and move along. There, all fixed!

Thu, 12/11/2014 - 16:02 | 5541322 realWhiteNight123129
realWhiteNight123129's picture

The Japan + Western Gov bond markets are a Chimera, a joke, fairy dust, a fiction.

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