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Treasury Yields Are Crashing
Bloodbath for a near record short net Treasury speculative position as rate-hike odds collapse and the entire UST curve plunges. The belly is collapsing 13-15bps (biggest drop in 5Y and 7Y yields since January) and the long-end is dropping significantly. Between the 10Y highs of 2.0597% and lows of 1.9022%, the drop was 15.75bp - that is the biggest intraday drop since Sep 18, 2013, the day the Fed did not Taper.
All yields are now lower on the year with 5Y near 2015 lows (down 42bps since end-Dec).
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10-yr back below 2...
Let me know when it gets back down to 1.6.
Another day where the Euro is playing the safe haven currency yet nobody says anything
WW3 just around the corner folks.
WW3 is HERE! (not because of this though)
Yes, world wars are called that after the fact.
But stawks have made a nice 'w' shape and are staging a valiant comeback effort.
Long squeeze into a short squeeze; S&P should end around 1920 +/- 8pts imo. Certainly by next Tuesday the 1940 target should be maintained; unless they lowered the goal-post, which is always possible since they are like the Calipornia firefighters; trying to put out too many fires at once, the difference is in Calipornia, the same people running the FED started the fires.
"[Janet] get to da choppa!"
https://www.youtube.com/watch?v=Xs_OacEq2Sk
Cracks me up that the "smartest people in the room" don't get the fact that we are Japan and they keep trying to short treasuries.
i'm locked and loaded .... and i've got your 6
This is Bulls and Bears psychology 101.
New York v Chicago.
Left v. Right.
Bloods v. Crips.
Gay v. Straight.
Keynesians v. Austrians.
Downers v. Stimulants.
QE v. Pain
We are Japan.
otherwise known as Extend and Pretend. They're hoping that at some point the zombies come back to life.
Remember to, 'Duck and Cover'....
Wonder how business is at the repo window.
theres plenty of liquidity in the system from QE1~3 they just need to keep it rolling over. reverse repo does not sound like that right way
Risk off....risk off....lol....buy something that you know they are going to print trillions more of the same thing....
The long bond is going to 2%.
How to add liquidity -- naked short.
Here's the Treasury failure to deliver info. Currently running $50 billion/day. For something traded electronically.
Seriously.
http://www.dtcc.com/charts/daily-total-us-treasury-trade-fails
Dr. Jim Willie states this is back-door QE and being done through the FED's reverse REPO window where the major Central Banks are selling naked, which is illegal; continuous back-door QE at about a TRILLION per month...nice to have a printing machine until it quits working.
I heard him say that it was the Wall Street banks who are the underwriters on energy futures and bonds who the Fed must be allowing to naked short to them. They are holding paper that is falling apart. If this is true, the FED is illegally keeping them alive.
So corrupt.
End times.
moar, do you have link?
https://www.youtube.com/watch?v=CHC5EvkOGp4
Start at 11:45 and listen to 17:55.
T-Bills negative. Ahh... the "safety" of US Government securities.
Radar O'Reilly to algo control center: “Choppers!”
What part of "you are getting no return of/on your investment" don't you get?
Well, it's better to go backwards at the rate of inflation, than to go backwards at the rate of stocks liquification. In other words, tis better to lose 5% per year than to lose 50%. Oh, yeah, it's called NIRP.
Possibly this is part of being the world's reserve currency during an unwind. Treasury paper ~ USD ~ liquidity.
i'm waiting to refinance into a 3% rate. Patience will be rewarded.
Banksters marching cadence:
Nirp Nirp nirp nirp,
Nirp nirp, nirp nirp
Nirp.
http://soberlook.com/2014/07/window-dressing-with-feds-reverse-repo.html
read on about day after the end of the quarter