This page has been archived and commenting is disabled.
Bunds Crater Most This Century
It appears Draghi's comments are not what the market wanted to hear.Bunds have crashed over 30bps in the last 2 days... the biggest 2-day spike since Oct 1998...
Carnage...
Biggest 2-day spike since 1998!
xYesterday, we noted...
Today Bund selloff is bullish
— zerohedge (@zerohedge) June 2, 2015
Today it appears not.
Charts: Bloomberg
»
- 23396 reads
- Printer-friendly version
- Send to friend
- advertisements -
The South was right!
Gerxit preceding Grexit!!!
Bonds are down and stocks are back up. We switch back next tuesday. Didn't you get the memo.
You read it here.
http://www.zerohedge.com/news/2015-04-21/bill-gross-says-bunds-short-lif...
Exacto-bundo, Ballin
Too bad it was "well timed but poorly executed" and he lost money on his own winning trade.
That toothless old dog don't hunt no more.
The sovereign bond bubble is the bubble to end all bubbles, in the same way WW1 was the war to end all wars, in that there will likely be another one in 30 years. That said the question is what will replace them as the preferred safe haven asset.
Yeah, sovereign bonds are the leading edge of the herd of morons, but with things like derivatives following close behind, this time will be extra nasty.......
Since Before LehmanTM
I gotta quit reading history since I know Lehman wasn't really that bad.......
http://albainternazionale.blogspot.it/2015/06/yes-we-can-podemos.html
Podemos ... CIA, Elitè !!!!
We had to uncarry trade some folks
Awesome, lets get this show started. are we to sit back with popcorn today?? I'm ready!
this is what happens when central banks works for hedge funds.
fundamentally, there is no reason for this move.
You mean, apart from German 10-yr yielding a ridiculous 0.05, and eventually had to do mean reversal?
Or does "mean reversal" in our new Keynesian overlord economy mean "lower prices everyday"? Does Wal-Mart run the Fed?
go buy stocks then.
10 years from now, that bund at 0.05% would have been a much better investment (and a much more enjoyable ride) than the negative returns stocks will generate (with a 50%+ plunge in between).
this notion that people are entitled an annual return (or a hefty interest coupon) in times of no growth and actual contraction is just not based in reality.
entitled? it's called a default premium. why do new-age keynesians think they have eradicated risk? if anything, THAT is just not based on reality.
No, the don't want eradicate risk. Just reality.
Because there are only two asset classes, right?
Returns have nothing to do with entitlement. fundamentally, supply and demand were artificially skewed to push FI returns below market prices. shit doesnt stay out of balance forever.
She got Bunds of Steel.
Cratering like Bruce Jenner's vagina.
It's Kaitlyn, and shes got a dick and matching balls.
Didn't you get the Memo? It's a Mangina (c). Aka Trangina (c).
Like I said yesterday, when the Bund hits 4 to 5%, where it historically should be, then I will be shocked. But I hardly call this 'spiking'.
Putting aside the idea of where they should be - you don't think a move from 0.15 on April 13 (less than two months ago!) to today's number is volatile? You don't think any fantastically-levered people are on the wrong side of this?
Positive interest rates? Inconceivable!
Bonds are crashing not becuase of fears of "inflation" but due to the arriving tsunami of defauts, bankruptcies, contract abrogation, debt repudiation, etc -
Give the lawyers 10 years to sort all this out and then we can get back to "growth"
Draghi has created a buying oppurtunity for Greece's $400m euros.
Volatility is what makes money for the traders. If this shit was same every day, day in and out, then there would be no bets on the table. The thing that is important is that stability in markets is the producer's friend as it allows them to make decisions in planning and running their business. It is the instablility that feeds the gamblers and as such they will keep this madness going forever if possible. Two competing interests, one productive and one destructive. I know who I'm rooting for.
Long Greek sovereigns, short German bunds. Who's with me?!?
Somewhere, in some distant lands owned by Janus Capital, Bill Gross is laughing his ass off.
Yeah, unless it was "well timed but poorly executed" like before.
He is the bond king even if he is not executing like in the old days.
If I know how to use the bathroom but I keep accidentally wetting my pants, can I still say I am in control of my faculties?
That's Bill Gross.
I'd take the whole "well timed, poorly executed" herring with a bag of salt. If a big ego like that screwed up he'd keep quiet.
I traded a BOOK of Vancouver Mining Stocks that was less vol
If Greece leaves the EU or the Japanese bond market collapses, the confidence game being played by Central Banksters is over.
There will be a worldwide rout in bonds as everyone will see that the emperor is naked. There is no way most Western countries do not default on their gigantic debts.
In the case of Japan, you're right (but it won't happen since the BOJ puts an endless bid under JGBs).
In the case of Greece, I doubt it. Greece is a side show, no matter what the outcome.
Trust me...no one wants to see a naked emperor.
Besides, its a world sustained by delusion. Why would anyone want to fuck with a winning formula?
I'm not an economist or trader by any means but, .3%. If that is cratering, what will they call it when the UST's goes up a whole 1% or so? We didn't recalculate the CG (center of gravity) of an aircraft for less than 3 tenths of a percent weight change. Instead of cratering could use " to the moon Alice, to the fucking MOON." I did meet Jackie Gleason as a kid. My dad fixed his air conditioner on a weekend special job. I went with him and got a golf ball. He cussed like a pirate. Maybe it was his A/C being broken. It was hot in south Florida.
Everybody is selling something....even Tyler Durden.
A measly 450% move in just two months???
We can do better than that people!
Buba going to have to book some losses on those bonds..... Watch for the snap back on the US 10 and the dollar, this one will be EPIC.
The tsunami is forming. Money is now being sucked out of the bond market into an enormous equity wave that will shortly crash onto the shore.
German Bunds are cratering and US bonds going under since they are flashing today a primary bear market signal, as explained below. This implies that the odds favor the end of the lastest bull run. Furthermore, the EUR and CHF are in a primary bull market, which further spells doom to US debt. Keep an eye on the evolution of US debt:
http://www.dowtheoryinvestment.com/2015/06/dow-theory-special-issue-us-b...
Aw, it'll get better all over when the US sends the Army into Syria ti fight assad because he and isis threaten poor helpless israel, which will have to attack lebanon again to defend itself... this month maybe?
But bad news is good news - so says the $INDU, $COMPQ, $SPX and just about every other index....
Sorry, what is a Bund? Is that German bonds?
Yessir
Bunds are the things that Krugman knawed off his Bernanke.
Treasuries all over the world are crashing....but gold and silver down too...seems odd....should there not be a run to safety now too...
Gold, purely and simply, is being Manipulated by paper trading. That should be ignored and solid gold should be accumulated over a long period of time.
In a deflationary environment everything crashes. There are no safe havens. Almost no one understands that phenomenon. Ironically, the dollar will rise because most global debt is denominated in dollars so, until enough debt has been destroyed either by paying it down or defaulting, there will be a demand for dollars to pay it off.
USD
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...
Gold
http://www.globaldeflationnews.com/gold-elliott-wave-update-for-week-end...
".....There are No Safe Havens. Almost no one understands that phenomenon....."
Indeed....
Except in US Bills.
Rising bond yields are no surprise to anyone who understands how deflationary forces work...
http://www.globaldeflationnews.com/10-year-u-s-treasury-index-yieldellio...