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Treasury Curve Crashes To 9-Month Lows, S&P Slumps Into Red For 2015
Who could have seen that coming?
Which has pushed The S&P 500 back into negative territory for the year...
As the Treasury curve flattens dramatically... Down 4bps today alone (as 2Y rises ahead of today's auction and the long-end drops)...
Look out below for Financials?
Charts: bloomberg
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captain crunch for prez....
off topic, sorry...
It's all good. My sources inform me that the recovery is just around the corner...., corner...., corner.....
It's like Peter Pan explained, you can only fly if you truly believe, but any doubts and you crash to the ground. People are starting to notice that the markets are being held up by a very, very small handful of stock. The Hindenburg moment will be awesome in an end of the world kind of way....
Who saw the curve flattening? Doc and me did!
Hope you had a Merry Christmas and a wishing you a very Happy New Year, Doc
In the Land of Negative Interest Rates, the par Long Bond with a 3% Coupon is King
Merry Christmas Knuckles. I hope 2016 turns out to be a good one for you.
Long treasuries until the ten year goes under 1%
have been long treasuries for about 5 years, israel treasuries. here come the down arrows
on topic, can't wait for 2 1/2 percent mortgages to keep the train chugging, ha.
ten year to edge lower and lower. math says so for the ptb to stay in control...
Every time the long bond pokes it head up over 3% buy it with both hands and feet.
until one morning when Mr. Market shows some semblance of fundamentals and then proceeds to cut off those hands and feet, at the shoulder and thigh.
When rates revert/correct to 12% to 18% or higher, I'd sure hate to be holding those 30-year, 2.93% bonds.
That's gotta hurt.
You will die of old age, along with your children and grandchildren, waiting for interest rates at those levels.
Yup - long TLT and SPXU is the trade into 2016.
Merry Christmas Happy New Year all -
NoVa
I have been earning astonishing short-term capital gains profits very consistently by just buying and selling the 30-year treasury yield wave. The liquidity is fantastic, very easy and quick to buy/sell large positions, and all you need is 5 basis points difference to cover dealer markups and make good profits.
yep, and for a few thousand freshly printed dollars, you can buy the rate down to 0%.
Because we all know that "time value of money" concept has no place in Amerikan E-con-omics.
Paper silver getting monkey-hammered this morning...not really a shocker though. Hope they smash it down to low 13's this week so we can load up on even cheaper phyzz for a little while longe.
How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth? [/Sherlock Holmes]
hey, what part of red don't you like? deflation on a grand world wide scale.
plays right into lower rates(treasuries), not hy, but we got a little problem - underlying assets impaired big time. hmmmm....
ask the frackers, ha. ask australia, ha ask china, what is not to love about financing gone bad? huh? enjoy 2016, the year it gets real...
Plenty of time left for the PPT to get stawks in the green for 2015.
Gold and silver down again today....strange..just strange...2015 was nothing even with alll the Central banks games...2016 is not going to be that good...
This might seem counter intuitive but, I have noticed that PMs ususlly go down in price during times of stress in the markets, a harbinger of sorts.
After racking my brain for some explaination I have come to the conclusion that this MIGHT indicate market participants selling hard assets to cover collateral/ margin calls from the moneylenders? Makes sense that gold would go down if it were used to collaterize positions.....right?? Now this would explain golds massive drop in 2008 when it should have gone the other way.....flight to safety.
Now we know that no one is going to advertise that they are in such piss poor position that they have to sell their gold holdings so the moneychangers don't sell their positions, at market price.....lord forbid, and wipe them out.
What other event would be making people sell their most precious investment in a declining market when they know this is the last thing they should sell? Well apparently it is the last thing they can sell which floods the market and drives down the price.....perhaps!
So...gold price swing is a sign of the degree of leverage in the market.
So is the rule: buy equities when volitility in gold is low and sell when the price of gold starts to drop?
CNBC ain't gonna clue you in until they have already unloaded, or stocked up....whichever the case my be and .....and only the sheeple remain.
With the spread narrowing between mid and long term Treasuries, I guess that one can only hope to profit by purchasing TIPS? (That's sarcasm in case you missed it).
Silver is experiencing downward pressure. Nice way to start the new year.
It's falling off a cliff right now, down over 3%.
2015 - year 5 - Stawks must finish higher - Its a PPT law. The little people have no voice here.