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30Y Treasury Yield Tops 3.00% For Only 2nd Time In Over 5 Months, Stocks Slide

Tyler Durden's picture




 

Having briefly tested above 3.00% on Thursday, for the first time since December 2nd, 2014, the post-payrolls reaction continues today with 30Y yields up 9bps and back above the 3.00% Maginot Line. We note, additionally, that as Deutsche reports, net short exposure to Treasuries is back at the extremes of its recent range.

 

Now up 16bps from post-payrolls knee-jerk...

 

Which spooked stocks...

 

With Treasury shorts near extremes...

 

Charts: Bloomberg

 

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Mon, 05/11/2015 - 14:14 | 6081728 Dr. Engali
Dr. Engali's picture

What the hell is this red shit on my screen? Kevin you sleepin bruh?

Mon, 05/11/2015 - 14:54 | 6081915 valley chick
valley chick's picture

In 35 mins.

Mon, 05/11/2015 - 15:25 | 6082015 ZH Snob
ZH Snob's picture

the fed is losing its grip on the bonds.  but like someone else said, if it comes down to it they will ditch the stocks in order to move the $ over to the bonds which are far more vital to their overall scheme.

Mon, 05/11/2015 - 17:10 | 6082519 Butterflying
Butterflying's picture

My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.jobs-review.com

Mon, 05/11/2015 - 14:21 | 6081762 rccalhoun
rccalhoun's picture

but what are real rates 30 years out?   negative----how much?

Mon, 05/11/2015 - 14:31 | 6081805 kaiserhoff
kaiserhoff's picture

How much?

How high is up?

Mon, 05/11/2015 - 14:33 | 6081815 djsmps
djsmps's picture

The Marketwatch chart is totally hosed. It looks like a series of flash crashes.

 

Mon, 05/11/2015 - 14:49 | 6081886 Conax
Conax's picture

CNN money chart shows all flat except for one spike, WSJ chart shows the spikes, all returning back to 0 change.

http://quotes.wsj.com/index/DJIA

Have the tickers been commandeered?

Only Old Yellen knows...

Mon, 05/11/2015 - 14:49 | 6081889 max2205
max2205's picture

But but but......

Mon, 05/11/2015 - 14:51 | 6081893 rubearish10
rubearish10's picture

Somebody is caught and the street knows. Trapped like a rat!

Mon, 05/11/2015 - 14:51 | 6081896 CarpetShag
CarpetShag's picture

Shit on toast!

Mon, 05/11/2015 - 15:17 | 6082060 Keltner Channel Surf
Keltner Channel Surf's picture

Though we could (and perhaps should) get downside follow-through to DMAs below, much of today in the "riskier" IWM and QQQ space has seen the same forced horizontality -- it wasn't until 3:00 that we saw a decisive breach.  I guess the larger question for traders, depending on your chosen timeframe is:  was FRI and this morning just short-poking to get more favorable sell points before a bigger down move, or is everything related to this week's options expiry, producing another frustrating week of aimless, untradeable day sessions?

Mon, 05/11/2015 - 18:36 | 6082841 Starkman
Starkman's picture

Okay, so I know that most everyone who posts here is already in-the-know, but I'm totally lost.

After all my reading about finance, bonds, etc., I'm still lost as to who compiles these yield and how the yields are derived.

I understand bonds issued with an interest rate, a discount and premium price, etc.,  but when I read the opening for this article (Having briefly tested above 3.00% on Thursday . . . the post-payrolls reaction continues today with 30Y yields up 9bps and back above the 3.00% Maginot Line), I'm still left asking who or what is deteriming the yield, and how is it being determined, on the fly? What are the indexes and formulas used to determine such? Who's in charge of determinng such?

Sorry, it's just one of those things for which I've never been able to find an answer. It's been one of those mysteries I've never solved.

 

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