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Paging Bill Gross: Bund Yields Spike By Most In 6 Months
Coincidence? Maybe. But since Bill Gross called Bunds "the short of a lifetime," the last two days have seen German 10Y Bund yields rise (on a percentage basis) by the most on record. On an absolute basis, this is the biggest yield increase since Oct 2014... Who would dare to sell when Draghi has promised moar...
Quite a reaction in Bunds...
This is the biggest 2 day jump in 6 months... (or ever in percentage terms)
Charts: Bloomberg
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Thanks to TM, Mr Gross-ly erratic got his mojo back?
Remind me to fade Bill henceforth.
https://www.youtube.com/watch?v=0B4UpmgGJ3o
OMG!!!!
Bund yields are all the way back to where they were a whole WEEK ago.
[meh...]
exactly.
Plenty of ignorance in the comments here.
For future reference please note: WHEN THE YIELD RISES THE PRICE FALLS.
SO BILL GROSS WAS CORRECT.
Yes, in the short term. Now, go ahead and let's see these bankrupt western governments raise rates significantly. Go ahead motherfuckers, I triple dog dare you.
So on Tuesday Bill Gross calls it "the short of a lifetime" then on Wednesday the yields moves in his direction by "the largest move in percentage terms ever" and yet...
You still suggest he is wrong?
Erm Okay.
Where do I say "Bill is wrong"?
I am suggesting that I don't give a flying fuck either way, not a bond trader. I am also suggesting that rates cannot rise significantly for the foreseeable future, period.
Reading comprehension isn't your strong suit I take it.
Biggest percentage move ever. Haha. 0.06 to 0.155. Can't wait for when it goes from 0.01 to 0.05. Biggest percentage change ever. Bill Gross is a genius!
what if Draghi is losing control of the rates?
If he was to close control of rates, he'd lose the PIIGS first, not Germany.
Hinflation spreads like wild fire. They will all lose control.
Not when you can print,.. er,... digitize an endless supply of fiat currency to purchase every bond in existence.
[QE forever (Bitches!)]
I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com
Will only get worse as German employment, IP, domestic consumption, infla, etc., all begin to creep higher. Recall, in most of Fed's QE's...yields rose along with the shares.
The most damning thing Germany will be fighting against the next 30 years is its demographic problems.
nice call, bill.
Easy to make good calls when you know whats going to happen beforehand.
I wonder how Pimpco is doing now that hes gone...
Here's your answer, Bay:
http://www.morningstar.com/funds/XNAS/PFORX/quote.html
(Note that PFORX is up 5.72% since Gross left PIMCO in October)
Ackerman thinks Gross is wrong.
http://usawatchdog.com/strong-dollar-is-black-swan-rick-ackerman/
was Gundloch short too?
Gundlach = Bund-lock?
The only reason I consider Bill Gross and ok was that he lived in Newport Beach.
he was also a line officer in the navy
all the way up to .16% on a 10 year loan to the german gov't? thats craziness right there. time to buy some of dem cheap bunds.
Yup, all the way to .16%, but when you start around .10%, that represents a 53% move. Not a bad day's "work" if you were positioned correctly. i.e. you know the right people.
Im positive that Bill went all in long, not short.
I am quite sure well stored 1 oz of silver is going to weight 1 oz of silver in 10 years time. Just thought I would mention it. The trouble will be staying alive as I am also quite sure the proverbial can kicking has served its purpose and now they are ready to pull this house of cards down, just like wt7.
I am also sure that people will always accept that ounce is exchange for the products of the labor.
So fucking what? At this point I have no doubt that "officially" everything will be awesome, forever...
at least until essential commodities become unavailable...
the we eat the rich.
same as it ever was...
Did his call constitiute investment advice?
In case you are wondering...if the powers that be ever feel cornered with negative yield sovereign debt at the G-10 level, then rest assured that it will be decreed that all G-10 sovereign debt henceforth will be legal tender and therefore as good as currency.
So what? How relevant is this bullshit paper? I'll be impressed when this yield "spikes" back to historical averages...
tick tock motherfuckers...
and it's not just germany. UK gilts going the same way.
I cannot seem to locate an ETF that would allow me to short the bund. Does anyone know of one?
I currently hold DTYS; waiting for the same thing to happen here... Anyday now...
Gross is right...and wrong. http://yragharris.com/2015/04/21/grossright/
Seems common sense now but doesn't everyone know when these bigwigs start flapping their gums iin the media it means they are about to take a pump and dump position in the other direction?!