German 10 Year Bund Auction Fails To Cover Issuance As Contagion Rages At The Core

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fips_OnTheSpot's picture

Quarantaine! Douchemark!

gojam's picture

Deutschmark, Deutschmark Uber Alles

Uber Alles In Der Welt

RafterManFMJ's picture

Deutschmark, Deutschmark Uber Alles

 

Another Dead Kennedys fan? Sweet!

How about Holiday in Cambodia?

 

You're a star-belly sneech
You suck like a leach
You want everyone to act like you
Kiss ass while you bitch
So you can get rich
But your boss gets richer off you 

Well you'll work harder
With a gun in your back
For a bowl of rice a day
Slave for soldiers
Till you starve
Then your head is skewered on a stake 

Now you can go where people are one
Now you can go where they get things done
What you need, my son:. 

Is a holiday in Cambodia
Where people dress in black
A holiday in Cambodia
Where you'll kiss ass or crack 

jcaz's picture

Buwahahahahahaahah!!!!

The Limerick King's picture

 

 

The Germans are starting to shake

The EFSF is a fake

With bund auctions failing

And citizens wailing

Perhaps they have made a mistake

RichyRoo's picture

If interest rates do rise

The banksters have a suprise

ECB duty of power

Printing loads by the hour

Their ship surely will capsize

goldfreak's picture

thanks for the simple language so a moron like me can get it

Bobbyrib's picture

+1

I thought what it meant is was it meant, but I wasn't positive.

El Gordo's picture

Just another green shoot.

youngman's picture

So if the Engine of the train is having problems...what does that mean to the cabose????  Now its Sunday..we wait for Sunday...but there are three more 2 o´clock headlines to come out before for the day traders...200 point manufactured swings...you can make fiat doing that..

bernorange's picture

Was it over when the Germans bombed Pearl Harbor?

afdestruction's picture

Forget it, he's rolling...

Ronaldo's picture

More time and people will begin to feel the actual pain of rising credit costs.  This is just the beginning.  If Germany shoulders the debt of the EZ rates are going to negatively impact the GDP, populace and future voting for these fools.

Al Gorerhythm's picture

Bah! It's just a technical problem. Didn't you read that an analysist said so. Nothing to see folks. All is good.

myne's picture

I'm calling 'tipping point'.

Could be wrong. My gut just says it's time.

YesWeKahn's picture

Ignored by the market.

Zero Debt's picture

And Germany is still AAA ...

maxmad's picture

this is good for a 10 handle drop in the SP!

RichyRoo's picture

so if Germany wants to raise more money at any time in the near future, its likely they will either have to have access to a multi-trillion euro backstop, or they will have to pay higher interest rates which is of course unsustainable in this environment. How can FED swap lines fund future bund purchases? Its the only fiscally responsible thing to do. Sovereign Yield bitchez!

Dick Darlington's picture

Seriously, u can't make this shit up:

RTRS-GERMAN  FINMIN SPOKESMAN - DISCUSSIONS AHEAD OF SUMMIT ARE PRODUCTIVE AND
POSITIVE
RTRS-GERMAN  FINMIN SPOKESMAN - SCHAEUBLE MAY HAVE MENTIONED A HYPOTHETICAL
FIGURE FOR LEVERAGING THE EFSF IN PARTY TALKS ON TUES
RTRS-GERMAN FINMIN SPOKESMAN-LEVERAGING DISCUSSION CENTERS ON HOW WE CAN USE
EXISTING 440 BLN EURO EFSF  MOST EFFECTIVELY
RTRS-GERMAN FINMIN SPOKESMAN-THE UPPER LIMIT OF EFSF IS 440 BLN, THAT IS CLEAR
RTRS-GERMAN FINMIN SPOKESMAN- THE DEBATE IS HOW DO WE USE THIS AMOUNT MOST
EFFECIENTLY

Loooooool!!!

Bobbyrib's picture

In current market talk hypothetical means realistic until the rumor is officially discredited. 

johngaltfla's picture

Wait until they try to roll over their 2012 CMBS. Germany is F#@ked.

Schmuck Raker's picture

The true result of new CDS rules?

YesWeKahn's picture

Another melt up today. The market only focuses on one thing. That's scary.

jtmo3's picture

So....

 

I mean really, what does it matter and who really cares? They've proven over, and over, and over again, that debt, bad news, bk's, whatever, mean nothing. Reality is what they tell us it is and money is only a bankers toy. They get whatever they want and it will continue until something explodes. And that day ain't that close yet.

lolmao500's picture

Germans need to kick those scumbags in office, hang a few, and take back their country.

Then tell the euro shills to DIAF and leave the euro.

BarryG's picture

Deutsche Bank's London Offices were raided yesterday, in an investigation into manipulation of markets during the last crisis, and fixing euribor rates....

http://germanywatch.blogspot.com/2011/10/deutsche-banks-london-offices-raided.html

Spigot's picture

STDs - State Transmitted Diseases: in this case Germany is no better than the worst case for southern europe. They voted and legislated to fuck the greeks (debt) and now they come home with a nasty case of the Clapp. Anyone paying any attention to this morality play?? Europe is lost. They have no anchor. No one in europe is big enough to save europe, but man, what a party till the hang over, huh?

Mike2756's picture

Gyro says otherwise, up .01.

Thunder_Downunder's picture

... and the Euro rallies.. of course.

 

Trading this market does my frikkin head in.

Mike2756's picture

Time for the entire u.s. to go on strike, guaranteed to rally the buck.

Belarus's picture

Next week is when things get interesting. There is so much hope that "The Plan" is literrally going to fix everything this is going to be the mother of sell the rumor news when it finally arrives.