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Caught On Tape: How 'Someone' Spoofed US Treasuries Lower Overnight

Tyler Durden's picture




 

Dear SEC, SIFMA, FINRA, CFTC, and anyone else who refuses to pay attention to the man behind the curtain. Following the initial dump in Treasuries after Greek proposal news overnight, bonds started to rally back... it appears that was unacceptable as 'massive' spoofing was then put in place to signal the price of Treasuries lower (yields higher)...

 

 

And in context this was a massive size spoof...

Source: @NanexLLC

 

With all eyes focused on China's blatant manipulation of its market, this kind of abuse of the bond market will just go unnoticed we are sure... or we'll just have to get used to it.

And something is spooking Treasuries this morning...

 

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Fri, 07/10/2015 - 11:59 | 6295515 JustObserving
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Was it an Indian kid working in his parents' basement?  That seems to be a favorite target.

Or can we blame Chinese hackers as they seem to be Hillary's best whipping boys?

Hillary Clinton Says China Is ‘Trying to Hack Into Everything That Doesn’t Move’
Fri, 07/10/2015 - 13:10 | 6295899 steveharless
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Hillary Clinton Says China Is ‘Trying to Hack Into Everything That Doesn’t Move’

 

Perhaps a freudian slip by hillary?

Fri, 07/10/2015 - 11:47 | 6295516 Loucleve
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Herd the sheeple out of bonds and into stocks.  We need more high quality collateral for our derivitives!

Fri, 07/10/2015 - 11:53 | 6295542 Soul Glow
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Assets = Liabilities

Bonds get slaughtered sell assets to maintain balance sheet.  

Bonds drop, stocks drop.

Print dollars, devalues all assets.

BUY SILVER

Fri, 07/10/2015 - 12:23 | 6295682 Manthong
Manthong's picture

It was a kid in his underwear, sitting in his parents basement near Heathrow working the system from a TRS-80..

that’s who did it

Fri, 07/10/2015 - 11:48 | 6295517 Rainman
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Crime never sleeps.

Fri, 07/10/2015 - 11:49 | 6295520 KnuckleDragger-X
KnuckleDragger-X's picture

Another basement dwelling kid undoubtedly. Screwing the system up for fun and profit, after all, it'll take years to find the culprit in between porn fappings......

Fri, 07/10/2015 - 11:49 | 6295522 EscapeKey
EscapeKey's picture

must be a grandmother with a TD account somewhere

Fri, 07/10/2015 - 11:58 | 6295573 J Jason Djfmam
J Jason Djfmam's picture

Spoofed by a baby. HaHaHa.

Fri, 07/10/2015 - 11:51 | 6295523 NihilistZero
NihilistZero's picture

Off topic but VERY important!  You all need to read the FULL transcript of Trump's campaign announcement speech.  I was AMAZED at the great things he had to say on how he'd approach trade and other issues.  Mass media is totally fucking him over (not that he didn't set himself up for it) by just talking about the immigration rhetoric.  You really owe it to yourself to give it a quick read.

Transcript of Donald Trump’s 2016 presidential announcement
Fri, 07/10/2015 - 12:01 | 6295587 NihilistZero
NihilistZero's picture

To those who gave the down arrows, did you read it first LOL!  The Donald said he'd place an import tax on any plant Ford built in Mexico so that it would not be economically advantageous to move it out of the country.  He'd impose tarrifs on China  to prevent them dumping goods in American consumer markets.  I was amazed!  Dude came off as populist as Bernie Sanders without any of the leftist rhetoric.

Fri, 07/10/2015 - 12:23 | 6295680 froze25
froze25's picture

I have to admit that I like what he is saying.

Fri, 07/10/2015 - 12:50 | 6295787 NihilistZero
NihilistZero's picture

I was shocked at it myself.  Dude is channeling some Ross Perot stuff.  My cynical side wonders if he's set up to be a third party spoiler to get Hillary in...  Either way when was the last time you heard a politician actually say he's going to impose restriction on multi-nationals to bring back jobs to the USA???  Loved his dig at Hillary for claming populisim but taking money from the Wall Street crowd.  I'm now fully in love with the Donald's run.  Looks like he's going to say a lot of the things I would if present in those debates!

Fri, 07/10/2015 - 14:09 | 6296165 J Jason Djfmam
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Countdown to The Donald's mysterious campaign ending heart attack.

Fri, 07/10/2015 - 11:50 | 6295524 Soul Glow
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USTs getting slaughtered....

Fri, 07/10/2015 - 11:50 | 6295526 HROLLER
HROLLER's picture

Yep. Typical BS in the market.

Fri, 07/10/2015 - 11:51 | 6295531 Consuelo
Consuelo's picture

Oh those Chinese and their 'sneaky ways', eh...?    Alas, they just haven't learned well enough yet from their 5000 year-old counterparts at GS who have taken cleverness and sleight-of-hand to the level of an art form.

Fri, 07/10/2015 - 11:53 | 6295543 madbraz
madbraz's picture

what if this was the NY FED?

 

I mean, they want higher interest rates and they are run by an ex-Goldman trading desk man.  

 

Would they go to jail?  

 

This is what Larry Summers once referred to as "you are either with us or without us".

Fri, 07/10/2015 - 13:48 | 6296066 jakesdad
jakesdad's picture

"Would they go to jail? "

 

they wouldn't go to jail if they tossed homeless children off 200 west to use as clay pigeons!  hell, they wouldn't go to jail if they posted youtube videos of themselves snorting coke off the kids' naked bodies right before throwing them!

Fri, 07/10/2015 - 11:54 | 6295551 Amish Hacker
Amish Hacker's picture

It's not a coincidence that these screengrabs resemble the muon images from inside the Fukushima reactors. In both cases, the problem is that containment has failed. Those claiming to be in charge are not in control.

Fri, 07/10/2015 - 11:56 | 6295557 madbraz
madbraz's picture

the manipulation in treasuries (prices lower) is so obvious to anyone looking at the ticker, it hurts the eye.

 

It started in February.  Not coincidentally when long-term yields reached record lows.  It didn't jibe with the central planners objectives.

Fri, 07/10/2015 - 12:17 | 6295657 Mike Honcho
Mike Honcho's picture

I found their email you can forward this information to Tyler: junkemail@sec.gov

 

Fri, 07/10/2015 - 12:17 | 6295660 chinaboy
chinaboy's picture

The word 'market' will carry a global meaning for DIRTY TRANSACTIONS.

Fri, 07/10/2015 - 12:27 | 6295702 vq1
vq1's picture

pesky Eric, sticking his nose where it doesnt belong. 

Fri, 07/10/2015 - 12:36 | 6295750 rbianco3
rbianco3's picture

Speaking of market manipulation does anyone know if there is a reason why the volume reported for July 8, 2015 is much lower than it should be based on the daily chart?

The daily chart shows a 5 min interval that accounted for almost all trading for the day. 

The ugly red candle would have been a LOT uglier had the volume been reported correctly.

http://www.politicalshootings.com/2015/07/10/us-stock-market-manipulatio...

Fri, 07/10/2015 - 15:29 | 6296605 TheAntiProgressive
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You are going to tell someone who actually gives a shit, they all don't.

Fri, 07/10/2015 - 18:00 | 6297304 Lumberjack
Lumberjack's picture

Nanex (Mr. Hunsader) has been absolutely on the ball with this among other things. This is complicated as hell and only a few get it. Nanex without question is the authority and the work/research done needs to brought to everyone's attention. I appreciate Zero Hedge for giving this man the floor. Thank you.

 

 

Fri, 07/10/2015 - 18:05 | 6297321 Lumberjack
Lumberjack's picture

I could see some of the screen shots Nanex has, put to this music in a video. The song is entitled "Heist" by Lindsey Sterling.

https://www.youtube.com/watch?v=twxuvpvCUQ4

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