• GoldCore
    07/01/2015 - 10:07
    With all eyes on Greece it would seem another crisis relating to unpayable debt is brewing in the Caribbean. The governor of Puerto Rico, Alejandro García Padilla, has warned that the island is...

Bill Gross

Tyler Durden's picture

Gross Says Hold Cash, Prepare For "Nightmare Panic Selling"





That an ETF can satisfy redemption with underlying bonds or shares, only raises the nightmare possibility of a disillusioned and uninformed public throwing in the towel once again after they receive thousands of individual odd lot pieces under such circumstances.

 
Reggie Middleton's picture

How Accredited Investors Can Beat The Institutions In Monetizing The Unfolding, Misunderstood Paradigm Shift In FinTech





Step by step instructions on how to make money the old fashioned way in a new fangled technology world!

 
Tyler Durden's picture

Why Bill Gross' Departure Did Not Roil The Bond Market: Pimco Sold To Itself





Back in October, following the shocking news that after building Pimco from the ground up, Bill Gross would depart the world's then biggest bond fund following internal infighting, there were concerns that as a result of a surge in redemptions and liquidation sales at the Gross-controlled Total Return Fund, the already illiquid bond market would suffer and potentially go bidless across various CUSIPs in order to extract the best price from the forced seller. This did not happen despite an unprecedented surge in redemptions which has seen PIMCO's AUM tumble by 60% from its peak holdings of $293 billion in April 2013. Why not?

 
Tyler Durden's picture

This Is What Happened The Last Time Pimco Dumped Its US Treasuries





If it is indeed deja vu, all over again, look for bond yields to tumble over the next 6 months.

 
Tyler Durden's picture

Citi Clients "Complain How Difficult It Is To Make Money", "Everyone Is Worried About Liquidity Shocks"





Back in early/mid 2007, just as the subprime bubble was bursting but Wall Street was desperate for the party to go on, when VIX was flirting with single digits (crushing the swaption market due to lack of vol), when record, multi-billion LBOs were a daily thing, and when corporate bond spreads barely registered any risk on the horizon, there was one dominant trade for those credit traders who saw the writing on the wall (as they usually do 3-6 months ahead of their equity trading peers): going long cheap index puts while funding the cost of carry by selling a steep long end and pocketing the roll down. That trade is back.

 
Tyler Durden's picture

What FIFA Can Teach Us About Overpriced (And Overhyped) Stocks





Buildings make a statement about their owners. FIFA-Hauptquartier seems to be saying: our owners have a boatload of cash... and in a world where heavily-manipulated stock markets are constantly achieving all-time highs, the message from the 'market' is just as full of it as Blatter.

 
Tyler Durden's picture

A Generation Of Rate-Hike Rookies Makes Jeff Gundlach Nervous





Rates have been so low for so long, that many of the traders who will be on the front lines if and when the Fed ever does decide to start down the long path to normalizing policy have never, in their professional careers, seen a rate hike. “The experience that many investment operations have with rising rates for most of us is very low for some it’s nonexistent," Jeff Gundlach warns.

 
Tyler Durden's picture

5 Things To Ponder: Is The Stock Market Rational Or Nuts?





Like Houston, the financial system has been flooded with liquidity over recent years which has ultimately only had one place to flow - the financial markets. That excess liquidity has sent prices soaring to record highs despite weakting macro economic data. While many hope that the Central Banks can somehow figure out how to keeps the rivers of liquidity from overflowing their banks, history suggests that eventually bad things will happen. Of course, for investors, that translates into a significant and irreperable loss of capital.

 
Tyler Durden's picture

Bill Gross: "My 'Short Of A Lifetime' Bund Trade Was Well Timed But Not Necessarily Well Executed"





Bill Gross just revealed another aspect of trading in the new (or any) normal: one may get the direction and the timing with laser-like precision (as Gross did on his Bund trade), but if said trade is excecuted in a way where the inherent "coiled spring" volatility of the Gross-defined "new normal" blows up the trade structure, the losses will make one wish never to have had the correct idea in the first place.

 
Tyler Durden's picture

Frontrunning: May 12





  • Bonds Extend Global Rout as Europe Stocks Slide, Dollar Weakens (BBG)
  • Verizon Communications to Buy AOL for $4.4 Billion (BBG)
  • Fresh Nepal earthquake kills dozens, triggers panic (Reuters)
  • Sen. Shelby to Unveil Legislation Heightening Fed Scrutiny (WSJ)
  • Bill Gross: The Amount of Money I'll Give Away 'Is Staggering, Even to Me' (BBG)
  • U.S. rejects notion that Gulf rulers snubbing Obama summit (Reuters)... what about AIIB?
  • In Asia, Debt Market Gets Tougher (WSJ)
  • Iran’s Mahan airline defies sanctions in shadowy aircraft deal (FT)
 
Tyler Durden's picture

Bursting Bund Bubble: 2 Charts And Some Lessons From History





As investors and traders ponder what’s next for the financial world’s safe haven asset par excellence, and as everyone from the world’s most famous bond traders to the ECB tries to comprehend how the market could have possibly become so thin so fast, we bring you a bit more in the way of visual proof that central planners have become the world’s greatest bubble blowers as well as a bit of history that may hold clues as to what's next.

 
Tyler Durden's picture

Gross Bets Against Gross, Loses





When it comes to Bund sell-offs, be careful what you wish for...

 
Tyler Durden's picture

Frontrunning: May 7





  • Fed’s Yellen: Stock Valuations ‘Generally Are Quite High’ (WSJ)
  • Britain's dead-heat election 'down to the wire' on polling day (Reuters)
  • European Markets Roiled by U.S. Fed Chief Janet Yellen’s Comments (WSJ)
  • Stocks Drop With German Bonds to Extend $2 Trillion Global Loss (BBG)
  • Oil heads toward 2015 highs despite ample supply (Reuters)
  • Wary of bond 'cliff,' Fed plans cautious cuts to portfolio (Reuters)
  • Saudi Arabia mulling land operations on Yemen border (Reuters)
 
Syndicate content
Do NOT follow this link or you will be banned from the site!