Bill Gross Vomits All Over "Putrid" 30 Year Bond Auction

Tyler Durden's picture

Just like in yesterday's weakish 10 Year auction, the thunder from Tuesday's strong 3 Year has all but gone. In today's issuance of $13 billion in 30 year reopening, the results were anything but strong, with the bond pricing at 2.985%, a a 3 bps tail compared to the 2.955% When Issued. Furthermore, the BTC was a big drop compared to last auction's record 2.98, coming at 2.60, compared to 2.68 in the last 12 auctions. And with Indirects taking down just 31.9%, and Directs sliding to a one year low of 7.2%, it means that it was the Fed, via the Primary Dealer repo mechanism that once again took down a whopping 60.9% of the entire auction. Needless to say, the bond market response was not pleasant, but was to be expected as the Fed continues to artificially massage the curve in any and every way possible. Most hilarious, however, was the tweet sent out by Bill Gross in the minutes after the auction which we present below: it speaks for itself.

And historical results:

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LawsofPhysics's picture

Awesome, judgement day?

Mr Lennon Hendrix's picture

Gross is more bitter than Kashya Hilderbrand.

redpill's picture

I'll take your word for it, I haven't tasted her.

redpill's picture

I'll be here all week, folks.  Tip your waitresses!

Pladizow's picture


But you have tasted Mr. Gross?

BaBaBouy's picture

P O N - Z E E E E ...

Fiats Dollar Printing WITH GoldManip Goes on, as Normal ...

stocktivity's picture

that's what he or she implies

GOSPLAN HERO's picture

Does tasting cause bad breath?

ihedgemyhedges's picture

Depends on if you ask your wife or your girlfriend........................I'm sure I don't have to tell you the answer of each one.................

ACP's picture

No way, the Fed will just buy up everything in sight and then print a trillion GLD shares to naked short them!

Problem solved!

blu's picture

Shush. Don't give them any more crazy ideas.

JPM Hater001's picture

You do a diservice to crazy...Feds are way past crazy.  I wish the fed were only crazy.

Silver Bug's picture

At least someone in the establishment knows how to speak the truth. Bill Gross has openly said he supports Ron Paul as well.

MachoMan's picture

I'd throw temper tantrums too if I got cut out of the club.  waa waa waaa

He's also fairly new to the whole religion thing...  making a hellaciously bad call on treasuries will do that to you...  hoping to save some face in the midst of collapse and endear himself to the prols.

Eireann go Brach's picture

If I seen Bill doing yoga in his leotard in Newport Beach in the mornings, I would puke all over him!

apu123's picture

The FED will soon be the only buyer of stocks

AC_Doctor's picture

Gene great find- change the settings to a 5 year chart and see our great recovery in action.  I see a DEPRESSION coming alongside the USS Economy.

GeneMarchbanks's picture

Standstill, my friend. US, China, Germany all think they can fall back on export led growth and ain't going to happen.


AbruptlyKawaii's picture

obarry is doubling exports as we speak! make sure you vote!

earleflorida's picture

germany has to export

u.s.a.'s export platform is china, period

china is the surrogate of us exports

china needs minimum exporting coming into new 5 yr transition planned strategy

china will consume imports abroad building out infrastructure where internal labor/ materials is a non-factor regarding gnp

china wins - why?

contrary to all the china bashing,... they listen to the proletariat, which certainly can't be said for america today


Ref: "Business Cycles" {dated material  - mid 90's / but, oh so telling for today's macroeconomic policies}

Calmyourself's picture

You know why they listen to the proletariat, cuz their proles know how to riot and riot they will keep delivering 8%+ growth or China is toast..

earleflorida's picture


i enjoy at times, playing, 'devil's advocate' - i'll leave others to sort out - my obective is strictly utilitarian --- being subjective towards critical legislation/monetary policy/ foreign affairs, etc., etc., regarding america's future is very close and dear to me,... which by the way i keep locked-up in a safe with my gold. 

the objective utilitarian am i

Ps. perhaps delivering 5% - 6% growth while the us feigns its numbers at 2% -2.5% is worrying to some --- it's still 2x +/+

Caviar Emptor's picture

Yup. Yesterday's China and Japan news was a bell that rang unheaded by MSM. And then Germany's numbers weak as well. Final icing on cake was US retail numbers. Seems that the consumer buying spree included everybody except consumers. 

_ConanTheLibertarian_'s picture

Sweet plunge! Looks even better here:

I was following the Baltic closely a year ago hoping to see things going over the cliff. Maybe this is it.

Stuck on Zero's picture

A really low Baltic Dry is a great thing.  You can bring in huge container loads of illegal immigrants much more cheaply.

bigkahuna's picture

Baltic Dry Index from 1900 to 1200 in two months and looks to be headed lower.

Something has got to crap the bed.

ucsbcanuck's picture

Over 36% fall in 2 months. Something is up...

n2dark's picture

That's because everybody's buying local nowadays, and that includes t-bonds as well.



Sandy15's picture

They already are........ 100% correlation in this market since March 2009.....  Been saying it for years now!

Dr. Engali's picture

You forgot about the perma bull Robo....

Calmyourself's picture

fooled you Robo shorted the baltic dry with the baltic wet yesterday....

Cdad's picture

Cue President Zero to call for a lift in the debt ceiling to issue more putrid debt.

Rocket scientist everywhere today.  And unicorns.

SheepDog-One's picture

Markets way more resemble a landfill today, just heaping on more putrid compost and trash on top of more trash.


Cdad's picture

Just one more day, Dog.  Just one more hit of more yarn spun on the BlowHorn [CNBC] by some half witted banker...just one more QE...just one more illegal currency trade...just one more European between half witted politicians...just one more lift in the debt ceiling.  

Just one more day, Dog.

SheepDog-One's picture

Just like in 'Idiocracy' when they piled the trash so high it caused a sudden Trashalanche over the whole city.

Cdad's picture

Love that one, Dog...although the first time I watched it, it seemed more like a documentary to me than a movie.  Anywho...I got's my degree from I'm good to go.

This country needs a zombie apocalypse so badly it just hurts each day that I do not see the undead stumbling around on Wall Street.

centerline's picture

Is it bad that this so true?  That I am laughing?  Or because it is both true and I am laughing?  I can't tell anymore.

centerline's picture

Oops. Found your undead at walking around at Walmart.

dexter_morgan's picture

Many things we see are way to similar to Idiocracy.........unless that movie was made 500 years ago.........

I like money.........

Caviar Emptor's picture

just heaping on more putrid compost and trash on top of more trash.

Sheep: luv that one!