Is Something Wrong With This Six Sigma Picture?

Tyler Durden's picture

The chart below represents the bid to cover on the US 4 Week Bill auction. Needless to say, the US just sold $30 billion at a yield of 0.000%. We will leave it up to readers to figure out why the announcement of the result at 11:30 am today led to a violent sell off in EURUSD.

And no, this is not seasonal:

Lastly, a Six Sigma way of showing today's result

chart: Bloomberg, John Lohman

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GeneMarchbanks's picture

At least it wasn't negative...

catacl1sm's picture

It is when you include inflation. :)

GeneMarchbanks's picture

I was workin' on my spin. Thanks for nuthin' (unintended)

TruthInSunshine's picture

London calling, bitchez.

Old man Rothschilds is breaking the debt serfs balls, from the grave and beyond. Never (let your alleged elected representatives) make a pact with the devil.

London calling to the re-hypothecation zone
Forget it, brother, an' go it alone
London calling upon the derivatives of death
Quit holding out-and draw another CDS breath
London calling-and I don't wanna shout
But when we were talking-I saw you margined out
London calling, see we ain't got no sovereign highs
Except for that squid with the taxpayer prize
Mr Lennon Hendrix's picture

I heard Ron Paul used to party with The Clash back in the '80s.  The story goes he would fly there on the taxpayers dime, go to clubs all night long, and bring home three to four groupies back to the Clash's hotel where he would rock out until dawn!

mckee's picture

That would get him my vote for sure!

GenX Investor's picture

Holy, holy, holy... Sound the claxon, brace yourselves for dive position.

TruthInSunshine's picture

The Republican National Committee is busy putting together an expose that they're going to forward to The Wall Street Journal AND New York Times, whereby they claim that Ron Paul had illegal 3.5 gallon-per-flush toilets installed in his house.

RobD's picture

I'm thinking most people would see this as a plus more then a minus. As I like to say " You know the .gov has gotten to big when they start telling you how much water your toilets can flush and how much water can flow through shower shower head".

Xkwisetly Paneful's picture

It is clearly negative including transaction costs.

RobD's picture

I was replying to TNSs comment about illegal toilets not the ROE of 0% one month treasurys. Though I agree with your comment btw.

RMolineaux's picture

You'll know why when the well runs dry.  Some folks are just incapable of cooperating for the common good.

smlbizman's picture

a recent  article in politico has the gov. and hi-level repub backers saying their have been major hacking threats to their voting system....and basically if ron paul wins it will be due to this and ruin the integerity of the iowa caucas....even the states repub. rep in dc is banging this drum.....amazing 

Mr Lennon Hendrix's picture

His whole plan revolved around that he would never have to work from the grave because his family would be keeping business in house forever.

The House of Rothschild: Volume 2- The World's Banker: 1849-1999, by Nigel Ferguson:

*Please buy from your local bookstore

GeneMarchbanks's picture

Fuck Ferguson and his book. What a shill he is. Recently I read somewhere that he said Germans should be buying the  £ for safety. Yet another ponce the Americans always fall for.

Mr Lennon Hendrix's picture

Fine, he is a shill, but he wrote the book on the Rotheschildes.

RMolineaux's picture

What did he promise them to get access?

SheepDog-One's picture

Somethin's fucky...

Can you feel the way the shit clings to the air?

Odin's picture

Winds of Shit Ran...Wiiiinds of Shit

Manthong's picture

A little life put back in VIX.


Boston's picture

When Greece defaults, it will be negative.

mick_richfield's picture

I am not an economist, but I feel confident that passengers on a sinking ship who all rush to the end that seems to be going down last -- still have pretty dim prospects.


Al Huxley's picture

+10 - great analogy for what's going on here.

Potemkin Village Idiot's picture

CNBS just called to say that your 2:00 on air interview has been cancelled...

molecool's picture

I wouldn't call 60 pips a violent sell off.

molecool's picture

I wouldn't call 60 pips a violent sell off.

Potemkin Village Idiot's picture


2 wrongs don't make a right... But 3 rights make... a LEFT!

SAT 800's picture

You would if your job was to collect page clicks by producing sensational journalism. The Euro is at 1.3095 basis Mar. profitable for my long position and will probably continue to rally.

maxw3st's picture

Buba unloading some Euro for $ instead of CHF?

gdogus erectus's picture

Wait. Bid to cover of 9? Algos Gone Wild? Waddell and Reed buying treasuries now? Ok, I give up.

Raynja's picture

let me in, let me in, don't fucking leave me out here with these euros

Cdad's picture

Ummm...because Central Bank Butchers had gone to town killing Average Joe's currency this morning which, in retrospect, is now starting to look like a back alley craps game with guys who are wearing even bigger knives on their belts?

Ese Pinche's picture

Collapse imminent bitchez!

EL INDIO's picture

That’s what I thought.


Is a EURO breakup imminent?

GeneMarchbanks's picture

It's been imminent for at least a year now.

old naughty's picture

New dictionary definition of imminent?

Calmyourself's picture

Impending, looming, threatening, imminent.. For at least a year.  Will the PTB plans ever be finalized?  Collapse already so we can see what the new ponzi consists of..

CPL's picture

It's been imminent for three years actually but I don't think anyone is paying attention anymore.

virgilcaine's picture

Tyler please explain further.

hedgeless_horseman's picture



Timmy's Phantom Menace Euro Version is working like a charm.  Interest-free funding of US debt, and a rock-solid Petrol Dollar.  All for the price of a few Aegean Islands.  What a bargain!

America owns the battlefields of the 21st Century resource wars.

GeneMarchbanks's picture

Or as I like to point out, a prime example of Stockholm Syndrome...

hedgeless_horseman's picture



Yeah, the Euro bankers have got to see what we see...buying UST strengthens their destroyer.  Just like a drug addict and dealer. 

Stockholm Syndrome, Gene, or enough pro-American financial wizards (21st Century EHM) have infiltrated European banks, just like pro-European financial wizards had infiltrated American banks 100 years ago.  Pay-back is indeed a mother-fucker.

Will the Continentals ever learn their place, like the Nippons and the Arabs have, or will Oceania always be at war with Eurasia?

GeneMarchbanks's picture

I have to say h_h, that as you well know this is mainly a US, UK and Germany tussle if we're talkin' 'sovereigns'. I mean, I'm not sure there were many Slovakian EHM at any point in history as I've read it. EHM, is a growth industry BTW, but I digress. Europe has always had what Freud called 'the narcissism of minor differences' which has been used to further divide and conquer repeatedly.

By continentals you should really just say Germans, as they are the only ones with any chance to outwit the Anglo-American banking cabal. Not holding my breath though.

hedgeless_horseman's picture



...they are the only ones with any chance to outwit the Anglo-American banking cabal.

Not in our lifetimes.  Too busy with details to see the war.


hedgeless_horseman's picture



...and too burdened with shame. 

Say, there is a new Holocaust museum going up in town.  I hear it will be spectacular.