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Market Open Ramp Ends With A Whimper As Bund Yields Suddenly Spike

Tyler Durden's picture




 

Having tested down to Payrolls levels once again, German Bund yields have spiked back quickly to the highs of the day (from under 60bps to 70bps). This has sparked selling across most asset classes with US and European stocks waning quickly. Trannies are in trouble have tumbled post-open and are now -1.7% from payrolls.

 

Bunds are crashing again...

 

With 4Y back into positive yield territory...

 

Sending DAX dumping...

 

With US Trannies the worst...

 

 

Charts: Bloomberg

 

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Wed, 05/13/2015 - 10:56 | 6089383 Headbanger
Headbanger's picture

Bunds of fun!

Wed, 05/13/2015 - 11:00 | 6089397 CrimsonAvenger
CrimsonAvenger's picture

Bunds of Steel!

Wed, 05/13/2015 - 11:07 | 6089414 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

Wed, 05/13/2015 - 11:38 | 6089521 KnuckleDragger-X
KnuckleDragger-X's picture

So she's got a primo street corner???

Wed, 05/13/2015 - 11:47 | 6089553 Klemens
Klemens's picture
CRASH JP MORGAN BUY SILVER

https://www.youtube.com/watch?v=uNW8ZJU8HQA

Wed, 05/13/2015 - 10:58 | 6089388 Thisisbullishright
Thisisbullishright's picture

When major countries bonds are traded and gyrating like penny stocks you know things are cracking apart behind the scenes!

 

Wed, 05/13/2015 - 11:18 | 6089455 Cheduba
Cheduba's picture

The global economy breaking apart can only mean WAAAAAAAAGH!

Wed, 05/13/2015 - 11:21 | 6089457 Cheduba
Cheduba's picture

Dup

Wed, 05/13/2015 - 11:41 | 6089533 KnuckleDragger-X
KnuckleDragger-X's picture

Just keep pushing poker chips into the game and play your hand. After all it's just monopoly money and what could possibly go wrong?

Wed, 05/13/2015 - 10:59 | 6089392 firstdivision
firstdivision's picture

OT:

So now Obama won't give those that refused Obamacare, coverage under Obamacare when they desire it.  This is some Kenyan born bullshit.  /s 

http://gawker.com/man-who-would-rather-go-blind-than-get-obamacare-now-go-1704019495

Wed, 05/13/2015 - 11:17 | 6089401 buzzsaw99
buzzsaw99's picture

Anyone wanna hear a joke?

DAX > 12K

Yeah, Judge, that's a doozy. [/Bishop Fred Pickering]

Wed, 05/13/2015 - 11:02 | 6089403 Winston Churchill
Winston Churchill's picture

Any bond guy(knuckles ?) care to have a stab at whats happening in the 'market' ?

I have my own ideas, but I only ever lost money playing with bonds in the 1970's and

swore off them ever since.

Wed, 05/13/2015 - 11:31 | 6089483 buzzsaw99
buzzsaw99's picture

imo with bunds gross, gundlach, et al got people think maybe getting nirpled wasn't such a great deal. every move in us treasurys since 2009 has been pure and utter bullshit. if there was an actual  free market the ust 10Y yield would be about the same as the german bund with both < 1%. [/no expert]

Wed, 05/13/2015 - 12:04 | 6089609 walküre
walküre's picture

NIRP won't fly in the US. Never.

Wed, 05/13/2015 - 11:04 | 6089409 papaswamp
papaswamp's picture

Must have been some Greece on the floor...

Wed, 05/13/2015 - 11:06 | 6089410 Dr. Engali
Dr. Engali's picture

You're going to need a bigger printer Mario.

 

A longer term chart:

http://www.bloomberg.com/quote/GDBR10:IND/chart

Wed, 05/13/2015 - 11:14 | 6089447 madbraz
madbraz's picture

funny how bunds or treasuries have a 1 hour relief rally zerohedge proclaims that "someone" saved them, but when they are pushed lower in a hurry for no good reason it is for "fundamentals" or whatever...

Wed, 05/13/2015 - 11:26 | 6089479 viahj
viahj's picture

forego the snark and tell us what's really happening in the bond markets.  we're listening....

Wed, 05/13/2015 - 12:03 | 6089604 Salah
Salah's picture

German bankers, historically a tight clique if ever there was, know the fix is in.  Greece defaults, and the US bankers, now fully triaged after '08, know that yes, the Fed will raise i-rates, despite weakness in the economy.

They're following the Mexican model: thin the herd in presidential transition years, so as to not endanger your Rep-Dem duopoly, what masquerades as a "true choice" for the sheeple. 

There are always outliers who play along, but know the game is rigged.  Occasionally, they get stiffed by the "in-crowd"...like ConCast on their TW buyout....and they get even. (see NBC on the OBL lie)


Wed, 05/13/2015 - 12:06 | 6089614 walküre
walküre's picture

+1 OMG when does AAPL release the i-rates? Is it too soon to stand in line? Emojy :embarrased emojy :cool

Wed, 05/13/2015 - 13:27 | 6089869 malek
malek's picture

Interest rates will be raised (in a meaningful way)  a.n.y  d..a..y  n...o...w  !!!1!

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