Japan In Turmoil: Stocks, USDJPY, Bond Yields Collapse
The total and utter failure of The BoJ continues to accelerate...
- *JAPAN 10-YEAR GOVERNMENT BOND YIELD FALLS BELOW ZERO FIRST TIME
Stocks have crashed the most since Black Monday erasing all QQE2 gains..
With Japanese Bank stocks leading the way, now down 25% since NIRP was unleashed (and 32% since the start of the year)...
- *NOMURA EXTENDS DECLINE, FALLS AS MUCH AS 12%
And USDJPY is in freefall...
* * *
As we detailed earlier..
Following earlier comments from yet another Japanese talking head that deflation will be fixed any day now, the Japanese bond curve continues to collapse with yields hitting record lows across the entire spectrum. Most notably, 10Y JGBs - which were trading 24bps before BoJ NIRP - just traded with a 0bp handle for the first time ever, ready to join Switzerland as the only nations with negative rates at 10Y. As bonds rally, and JPY surges to strongest since 2014, so Japanese stocks are crashing (NKY down 1000 points from intraday highs).
Bond yields are plunging...
- *JAPAN 10-YEAR GOVERNMENT BOND YIELD FALLS TO ZERO FOR 1ST TIME
- *JAPAN'S 5-YEAR YIELD FALLS TO RECORD -0.205%
And stocks are crashing as USDJPY tumbles...
- *YEN CLIMBS PAST 115 PER DOLLAR TO STRONGEST SINCE 2014
Jose Canseco will not be happy.
(21 votes)
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that's some funny shit right there
Time to refi
Gives "10 yr Zero" a whole new meaning.
(It's a bond joke, guys)
Hey I'd like to pay you interest to own your bonds! Best investment ever!
Think of poor Kurodas cat and the kicking it's getting.
Moar broken wondows, dead cats, and smashed TVs!
https://www.youtube.com/watch?v=kQbCaSv_3wM
just print more yen.
Nikkei -903 ...
-953 ...
Boundless opportunities! Risks often!
Jose Canseco…
Is HE with the BoJ ?
Bond joke: "Welcome to hell Blofeld."
https://youtu.be/ztXmwXBlF-E?t=4m
i am really curious to know if anyone aside from the JCB ACTUALLY bought any 10yr bonds at a negative. Imagine putting ur capital somewhere where you are guaranteed to lose money for 10 years. Imagine levering up to do same!
'Like a Chump...Like a chump...like a- like a-
I did it all for the QE... for the QE... so stick it up your (yea)
The good news would be if people REALLY did start using cash is safes. Something they could not control as much.
What is the solution then?
Mr. Universe,
"People who think they know everything are a great annoyance to those of us (at ZH) who do."
~ Issac Asimov, one who knows the universe too well.
wow, hold it off, i was just tryin to be informative, ha...
Familarity breeds contempt? Absolutes are tricky....know enough to know that you really know nothing.
it was down -988 a while ago
closed down 918 (we are not competing in forecast, are we?)
the day they invaded China 84+ years ago.
Well however the Nikkei closed, a 5% drubbing still leaves a stain that will outlive creation. Tide (laundry liquid)and time will diminish nothing.
Exits exist for a reason.
The US Futures at 5.51am shows complete denial in the burning building, we will deny reality until we burn then. OK Good.
We must have that (really dead) cat bounce, must, must pump (and dump)
Fuck 'em let them burn.
The fed must be selling silver and gold shares this morning prices falling.
"Tora! Tora! Tora!"
"Climb Mount Niitaka."
East wind, rain.
I understand stock traders do that to their monitors as well when they get fleeced by the insider's. Wonder how much money he lost.
If his cat is anything like his pet stock market, the ass that is getting kicked is Kuroda's, not the cat's.
Scratch that bitche's slanty eyes out kitty.
Kuroda's policies fuck the good people of Japan, and for that, fuck you Kuroda. May you hang high from the tallest tree.
Are the Algos sleeping? USD/JPY down = US Futures down and Gold up, which doesn't seem to be happening??
Perhaps more evidence that the wheels are coming off when even their own "Rules" don't work any longer? Perhaps this really is the End Game...
Japan craters.
So did the Baltic Dry Index: now at at even lower-er record than ever: 293
All trades in all markets must be held for min 72 hours...there FEDs I fixed it for you.
Go fuck yourselves moneychangers
Even better, let's fix it ourselves: Don't trade!
G.O.T.S. (Get out of the System)!
agreed. But imagine if you run a business that relies on commodities. You have to put up with the malarky, regardless that it has no basis in supply, demand or even reality
"All trades in all markets must be held for min 72 hours...there FEDs I fixed it for you."
All QUOTES in all markets must be valid for at least one second?
At these crazy Eddie shipping rates global traffic has to be picking up. Any day now.
Not necessarily! Our sales in Peru are down over 50% this year (Jan 2016 vs. last Jan).
Bearings?
+ 38BWD22
+ 111001
+ 6007-RS
(yes)
A company I work with got a quote for shipping of an FCL last week - 40% down on 6 months ago.
We ship almost always LTL, I don't know our rates (Peru handles that), it IS down, but I don't know if down 40%.
Internal costs in Peru (docs & handling) are NOT down, nor marine insurance.
"Do you expect me to talk?"
"No Mr. Bond....I expect you to die!"
Domo arigato Mr. Roboto
You are thanking him, really?
"This is gold, Mr. Bond! All my life I've admired its color, its brilliance, its divine heaviness! I welcome any enterprise that will increase my stock... which is considerable."
https://www.youtube.com/watch?v=Mx9z99YJ_7s
Or as Hank Scorpio would say, "no, I expect you to die and be a very cheap funeral!"
You mean "Odd Job"? right.
Gives "accrual" a whole new meaning, too.
Can I refi in Yen and get paid a monthly nut?
I cut Wates to Zewwo, then I made them Wess than Zewwo, Why is my Howse of Kaads Fawwing?
Elmer Fudd has nothing on Kuroda
Sigh, when does it CRASH though...