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10Y Treasury Yield Craters Back To A 1 Handle

Tyler Durden's picture




 

It appears Janet Yellen's confidence-inspiring testimony that juiced stocks was interpreted as a buying opportunity for bonds. US Treasury yields are now down 10bps on the week with 10Y yields back with a 1% handle...

 

10Y hits 1% handle once again... after 8 days above it...

 

It appears - judging by the long-end of the bond market - that the market thinks the Fed is about to make a big policy error...

 

And as 10Y broke 2% so stocks tumbled...

 

Charts: Bloomberg

 

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Tue, 02/24/2015 - 13:38 | 5822877 KnuckleDragger-X
KnuckleDragger-X's picture

All according to plan, at least if your plan is suicide...

Tue, 02/24/2015 - 13:57 | 5822959 mtndds
mtndds's picture

Transitory, BULLISH!!

Tue, 02/24/2015 - 14:14 | 5823031 Soul Glow
Soul Glow's picture

With her double speak Yellen is making Bernanke and Greespan proud. 

Tue, 02/24/2015 - 13:58 | 5822961 Pool Shark
Pool Shark's picture

 

 

"...the market thinks the Fed is about to make a big policy error..."

About to make a big policy error??? About??? About???!!!

And the last 100 years constitute, what exactly?...

Tue, 02/24/2015 - 14:24 | 5823064 KnuckleDragger-X
KnuckleDragger-X's picture

I feel a disturbance in the farce..

Tue, 02/24/2015 - 15:33 | 5823378 steveharless
Wed, 02/25/2015 - 02:32 | 5825921 one_hundred
one_hundred's picture

my neighbor's mother makes $86 /hr on the computer . She has been laid off for 10 months but last month her pay was $21128 just working on the computer for a few hours. go to the website... www.globe-report.com

Wed, 02/25/2015 - 11:41 | 5826998 Chump
Chump's picture

Someone 86 this monkey already.

Tue, 02/24/2015 - 13:42 | 5822893 Utah_Get_Me_2
Utah_Get_Me_2's picture

Come and get em'!!! MBS' on the cheap! Everything must go! 

Tue, 02/24/2015 - 13:45 | 5822906 SethDealer
SethDealer's picture

everybodys buyin

Tue, 02/24/2015 - 13:46 | 5822913 kaiserhoff
kaiserhoff's picture

Vat else?  There are no positve yields anywhere else, except Brazil.  tee hee.

Let's tie all the boats together like Japan did.  They seem to be happy with it.

Tue, 02/24/2015 - 13:47 | 5822916 buzzsaw99
buzzsaw99's picture

the zero handle is coming bitchez

Tue, 02/24/2015 - 13:48 | 5822927 kaiserhoff
kaiserhoff's picture

Make that minus zero;)

Tue, 02/24/2015 - 13:52 | 5822938 NoVa
NoVa's picture

Agreed.  we will see a zero handle long before we see a 3 handle.

NoVa

Tue, 02/24/2015 - 14:13 | 5823020 Boston
Boston's picture

Spain's 10yr at 1.37% and Italy's at 1.45%. Germany's at 0.33%.

The US 10yr yield will fall much lower from its current level. And getting down to 1.5% should be a layup.

Tue, 02/24/2015 - 14:28 | 5823090 NoVa
NoVa's picture

we will see 1.35% in yield before June 30, possibly 1.15.

 

Tue, 02/24/2015 - 13:47 | 5822918 NDXTrader
NDXTrader's picture

This "market" is hilarious. We have rallied for 2 straight weeks because the Fed seemed confused in its minutes and that's interpreted as dovish. Today, Grandma lays out a simple plan to hike rates in June/September and that's considered dovish as well. Huh? Of course, the real answer is whatever "they" want it to be

Tue, 02/24/2015 - 13:49 | 5822930 Temporalist
Temporalist's picture

Irrational exuberance!  Green shoots!

Tue, 02/24/2015 - 13:50 | 5822933 NoVa
NoVa's picture

2.00% on 10yr yield is the cost basis from the last 10yr auction.  A close above 128.10 in price indicates a new possible rally for 10yr - see CME link.

http://www.cmegroup.com/trading/interest-rates/us-treasury/10-year-us-tr...

 

NoVa

 

 

Tue, 02/24/2015 - 13:54 | 5822942 Soul Glow
Soul Glow's picture

Janet said this was because of foreign demand haha!

Tue, 02/24/2015 - 14:06 | 5822995 Carnegie_IB
Tue, 02/24/2015 - 14:13 | 5823026 disabledvet
disabledvet's picture

"God help me but I do love it so."

 

Patton.

Tue, 02/24/2015 - 14:18 | 5823049 Archetype
Archetype's picture

Buying oppurtunity of a lifetime! So bullish it hurts! Hurry up BTFATH! The train is leaving the station! Free money for everyone! Cramer for president!

Tue, 02/24/2015 - 14:21 | 5823052 thistooshallpass
thistooshallpass's picture

Here we go again. If you plan on owning a mortgage, this is the time to start locking in.

Tue, 02/24/2015 - 14:27 | 5823082 Callz d Ballz
Callz d Ballz's picture

Belgium buying fury!

Tue, 02/24/2015 - 14:42 | 5823164 Spectre
Spectre's picture

What happend to all the articles and comments from ZH and it's fans saying that once the 10yr slipped below 2% all hell would break loose and thus we would have a Bond implosion.  I'm not being a jerk, just don't understand why it hasn't yet ??

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