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Treasuries Crash Back To Equity's Unreality
Presented with little comment except to say that is a very rapid and quite large dump in 10Y Treasuries to 'correct' up (in yield) to equity's apparent ignorance of dismal data...
Chart: Bloomberg
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Holy mother of God! Ben probably pooped his pants on that one.
Who did this? The Chinese again!
Speculators.
The FED bought 61% of all US gov. debt issuance in 2011
http://online.wsj.com/article/SB10001424052702304450004577279754275393064.html?mod=googlenews_wsj
Ok then, "evil speculators."
Fixed it for you.
The Governments money printing machine was shut down for a while because it was going through it's yearly maintanence routine. They'll have to plan ahead better next time because things are much worse now than last year when it was shut down for its yearly maintanence.
You got it Slaughterer the Chinese! After yesterdays announcement (that Tyler completely forgot to mention) you will see all dollar denominated assets (especially Treasuries) get crushed.... Here comes hyperinflation
my friend's aunt makes $72/hr on the internet. She has been without work for six months but last month her payment was $19183 just working on the internet for a few hours. Here's the site to read more ..... http://lazycash9.com
He's not worried, he thinks he can convince the market that QE is always there and keep rates low at the same time. I think that by next week at this time he may be surprised to find that he's wrong.
Maybe the Treserve and Goldman have Europe and Japan, both in irreversible mult-decade decline, by the short and curlies: They can can push the Europe Crisis button, or the Middle East Instability button, Adjust S&P 500 button, or many others at any time to scare the markets back to buying US sovereign debt(alongside the Fed) vs what else is out there in size to buy.
Remember folks, this soverign debt selling race is a last man standing game. The U.S. gets 80% of its transportation fuel from Its Own Hemisphere. It mostly trades with itself still, with foreign trade being a nice to have, not a must have. Defenseless, aging, oil poor Europe and Japan are dependent on disputed sea lanes or nasty kleptocrat Russia for fuels, and they have the problem of that pesky "reserve currency" that they have to trade in, a Pentagon-backed currency. Wouldn't wanna be 'em.
What a load of crap, now it's time for your lollipop
European sovereign debt look better to you? Japanese sovereign debt?
How do you see those places doing ten and twenty years from now?
The future is for those who show up for it. The Japanese and Europeans have been euthanizing their civilisations the slow way, through denatality, and in Europe's case moronic immigration choices.
He really outght to transition from shorts to Depends.
Last guy to panick?
No, last guy to capitulate and do thy Fed Chairman's bidding.
That looks healthy...
Dismal data be damned....reality no longer exists....belief has been permanently suspended welcome to hell beezelbubs.
More truth in what you said than any of us wants to admit.
precisely. A lot of people around me going to cash, of all flavors. We'll see how long this lasts.
Fat Finger so what. Move along now...
To the other side of the boat! The Fed be damned!
Any reason for this kind of sell-off on a Friday?
It's not a big sell-off, but it's big for a Friday
Spilled cat guts...
it could be china raising dollars, bob_d
+/or the FED supporting the RNB today
What sell-off? On my charts the S&P and Dow are up nearly 1/2 %.
Look at the short term charts (1 minute) and it's just algos trading with each other.
DavidC
If this isn't sarcasm then you shouldn't be near a trade station.
Agreed. My God David C, you are amateur.
Treasury selloff David.
Treasury selloff David.
Uh, last trading day of Q1? Portfolio managers dressing up the portfolio a little by locking in some profit?
Buyers rejected at the continuation chart 200 day ma.
Fat fingers are aplenty.
What pretty pictures!
Downgrade ???
james bond lost
Treasuries are an appropriate name for such treasures.
Rising yields are bullish. Also, declining yields are bullish.
Alternatively good PMI read = bullish and Aweful PMI read = bullish.
End of Month/Quarter chicanery?
It's only proper when overpaying for equities.
There is no growth. Yields can't go up or growth worsens.
This too shall pass.
China cashed out some of their T's to buy megabillions tickets.
Makes sense, at least MegaMillions tickets are paper backed by something.
I just cashed out for a booze run!
The new ECB Theme:
Snap back to reality, Oh there goes gravity
Oh, there goes Rabbit, he choked
He's so mad, but he won't give up that easy,
No he won't have it , he knows his whole back's to these ropes
It don't matter, he's dope he knows that, but he's broke
He's so stagnant...
The treasuries market is supposed to be the deepest market in the world with very low volatility - yea right.
Prize stabeeletee!
crude acting very funny today. ugh
in regards you are at end of quarter, and we know th ebig boys play with their balance sheet and load up to make their statements look good and then sell them.
Hail the new rules which were intended to stop HFT volatility!
I won two dollars on my mega millions today. I bought two more tickets.
FOMC had to go for a pee.
Jim Rogers commented that he started shorting bonds again, wonder it that may have something to do with this.
doubt it. On timing bond-shorting Jim Rogers is not very accurate. He admits as much but I'm glad to see him make money for a change on this strategy.
That silly VIX!