Gold's Surge, Stocks Purge, And Treasury Yield Records Emerge

Tyler Durden's picture

The market was anxious going in to the NFP print but once the dismal data point hit, things deteriorated rapidly.

Pre-NFP ->EUR 1.2322, ES 1292, WTI $84, 10Y 1.51%, 30Y 2.59%, gold $1554

Post-NFP -> EUR -10pips 1.2312, ES  -10 1282, WTI -$1.2 $82.8, 10Y -5bps 1.46%, 30Y -7bps 2.52%, gold +$18 $1572

Treasury yields at record lows (10Y well below and 30Y right at Dec08 lows) as Gold pops (QE hope?) but stocks don't for now (reality of QE's inability to really help?). Oil down on global growth markdowns and EUR modestly weaker (choppy but practically unch now) - though looks like its all relative printing expectations now.

Gold vs USD vs Stocks vs Treasury Yields

Gold and Silver outperforming...

Treasury rates are just plummeting...30Y -32bps this weeks!

It seems the SNB has been active as EUR/JPY explodes in a choppy mess...

 

Charts: Bloomberg