'Twist' Sends Ultra Investors Shouting With 30Y Treasury Yield Back To Jan 2009 Lows

Tyler Durden's picture

This week alone, longer-dated Treasury yields have dropped 15bps, as 30Y Treasury yields reach 2011 lows and all the way back to January 2009 levels. One can only hope that Bernanke doesn't disappoint...

It is also perhaps worth noting that the spread between 30Y MTG rates and 10Y TSY at 120bps is its highest since April 2009 - so those expecting mortgage rates to plummet and a wave of refi/new purchases may just be disappointed.

Chart: Bloomberg

Comment viewing options

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

The Bernank is going to be disappointed when 3.5% mortages do nothing for home sales or prices.


Larry Darrell's picture

Bernake comes to the mic today, looks at the rates.  Sees they are where he would like them, thinks to himself, "Mission Accomplished," proceeds to jaw-jack about coming in if necessary.

"Market" participants, being completely brain dead lemmings continue chasing the carrot on the stick.

All attention returns to EUR for another month.

Boring afternoon.

RobotTrader's picture



Not only that, there is a panic bid in municipal bonds today.

MUB now at 52-week highs, California muni's especially strong, check out CMF.

Robot Traders Mom's picture

Really dude? You base your logic on municipals on a 52 week chart of an ETF? I know that usually you just troll, but I'm fairly sure you are trying to be serious on this one. Why do you even bother posting? You know everybody here thinks you are a joke, right?

You live in your parents basement in LA. Your life sucks. Go away.

LongSoupLine's picture

Wow...awfully hard on your bastard son aren't you?

duo's picture

That's because Bawney Fwank was talking them up this morning on CNBC

jdelano's picture

sub 2% GDP = epic muni fail.


Good luck with dat.  

scatterbrains's picture

How would passage of a Cali State bank effect it's muni's ?

props2009's picture

But the difference is tha the 30 Y is still not at all time lows like the 10Y. This raises the question whether the FED actually has any control over 30y at all?



4shzl's picture

Sell the news . . . or not.

LongSoupLine's picture

drive the blade into JPM!

Robslob's picture


It's not just a game...it's a fuckig adventure

Live it...learn it...love it...leave it...

BrocilyBeef's picture

Operation Twist? I get the jist.

Operation Twist TWO... Yahoo!

Operation Tator? Maybe later.

Operation Tator Tot. Probably not.

Stupid Fed.

flattrader's picture

What did Mr. PotatoHead say to the stick-up man?






"Don't shoot! I have a wife and tator tots."

BrocilyBeef's picture

you just made the quote book, ft.

flattrader's picture

I live in a part of the country where kids still tell jokes in exchange for candy on Halloween.  I give double candy for really good ones.

That was last year's winner.

BrocilyBeef's picture

double candy!

Can't wait for this year's winner!

LFMayor's picture

I'll have to send my kids out with this one then.
Q:What's got 72 balls and fucks old ladies?


Cult_of_Reason's picture

Large SPY blocks dump hit the market at 12:25

What is going on?

No QE3 news leak?

Dr. Engali's picture

The fed continues to analyze the data and stands ready for further accommodation. It sure would be funny to see the whole thing blow up.

scatterbrains's picture

If the act of stapling the long end to the floor doesn't mark the top in real estate then nothing does.  If we step back and look 10 years out how can this help RE ? I'm thinking massive long term C wave (not that I'm big on Elliott) in commercial real estate as sooner or later all of this must unwind.



Die Weiße Rose's picture

I am not going to spend any money on this crap market that needs to come down at least another 50% to reflect fair value !

Once this house of cards has collapsed down to march 2009 lows, SP 666, I might perhaps think about it -


BrocilyBeef's picture

First, go hard physical assets, ie. "phyzzz."

Sprinkle left overs on stocks, bonds and premium roasted whole coffee beans.

covert's picture

only suckers believe in govt.



IQ 145's picture

Sold the Long Bond on the CME at 7;11am hst; basis Dec. Short. filled at 142;00

Panafrican Funktron Robot's picture

That should end up being a pretty big winner, the 30 is flat out retarded right now.  

BrocilyBeef's picture

better than me, sold at ~136.