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"Death Of The Bond Bull" Greatly Exaggerated - Yields Now Lower On The Week
Reports of the death of the global bond bull market have been greatly exaggerated. Much to the chagrin of all the "told-you-so" tale-tellers on business-media this week, US Treasuries have been in great demand the last 2 days and all bonds 10Y maturity and below are now lower in yield on the week (with 30Y up a mere 4bps). Treasuries are now notably outperforming Bunds on the week.
With US Treasuries notably outperforming Bunds on the week...
Charts: Bloomberg
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surpised? it was an auction week.
The last 4 weeks have been nothing more than a counter-trend rally, that is now coming to an end.
Cash, Bonds, Gold...
[Bonus chart: This is what US Treasury Yields will look like over the next decade or so: [Charty Goodness] We're currently around the 2000 area. Note: the last 4-weeks' 'spike' in 10-Yr yields is even smaller than the last little blip on that JGB chart. We are ALL Japan now...]
[PS: the US 10-Yr has a LONG way to go before it gets to Zero. On a long enough timeline...]
Global financial kamikaze through debt profligacy.
Bonds will never sink, just print mo money like usual keeping the scam alive.
Lol there is no market. The fed is the biggest buyer i
"great demand"?
Are the Tylers using this as the Friday Humor thread or is it sarc and I missed it?
Great demand by the POMO desk otherwise the bond market would roll over. RIght Ty?
:)
Painful to cover Treasury shorts in a thin market.
The POMO desk rolls on.
Raw Hide!
USTs outperforming bunds. Game of who has the bigger fiat bazooka, Janet or Mario lolz. Who can decredit their system faster; who can inflate the bond market/deflate their currency better.
Game of, "Who has the shittiest stit paper in the world!"
Yeah great demand.
HA!
:)
Bill Gross strikes again!
what a dope ... now he's janus's albatross
I have a theory on this.
short interest on Treasuries had been way down. short interest on SPY is 32%.
so the Fed or its agents organize a selloff in treasuries, hoping to drive money into stocks, thereby producing a short squeeze there and breaking us out of the trading range.
Looks like a FAIL.
So who were the buyers? The usual application of derivatives by the RPT? Apparently there were a couple of meltdowns in the over night hours before the centrals/treasury command for the commercials to step up and absorb these unwanteds with artificial derivative demand coming to the rescue..
According to the Dow Theory (which may also be applied to bonds), the primary trend remains bullish by a hair, and is currently flirting with a primary bear market signal. However, until a sell signal is given, the benefit of doubt is for the bulls. Here you have a more in-depth explanation:
http://www.dowtheoryinvestment.com/2015/05/dow-theory-update-for-may-13-...