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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 23 July 2012 [View all]Roland99
(53,342 posts)44. Treasury Yields Plunge To All-Time Record Lows Across The Curve
http://www.zerohedge.com/news/treasury-yields-plunge-all-time-record-lows-across-curve
While it seemed somewhat inevitable given the trend, the dismal reality from Europe has sent investors scurrying for the 'safety' of the US Treasuries overnight. The entire yield curve has fallen to all-time record lows with 10Y trading below 1.40% and 30Y below 2.48%. 7Y - the seeming cusp of Twist - is below 90bps now and 2Y below 20bps. The shortest-dated T-Bills still trade around 4-6bps (as opposed to the deeply negative rates in Switzerland and Germany this morning with FX risk premia expectations affecting this differential). Not a good sign at all - and definitely not yield curve movements on the basis of renewed QE as we see stock futures plunging to the old new reality (as those pushing dividend yields as the 'obvious move here may note that since Friday's highs, you've lost half a year's dividend as equity capital has depreciated 2%). Perhaps the sub-1% 10Y we noted yesterday is not such a crazy idea after all...
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The whole scam is just so massive. It's just mind boggling how complicit the richest criminals have
mother earth
Jul 2012
#9
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Jul 2012
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Jul 2012
#50
I know some do not appreciate Taibbi, but who else tells it like it is? Looking forward to "more".
mother earth
Jul 2012
#11
I know, seems like RS & Vanity Fair have stepped up enormously. I love MattT.
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Jul 2012
#17
Holding Off Armageddon: The Libor Scandal In Full Perspective By Paul Craig Roberts
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Jul 2012
#8
Exclusive: Prosecutors, regulators close to making Libor arrests (REST THE CASE)
Demeter
Jul 2012
#14
Raining like mad in the markets, too. US Futures looking UG-LEE. Italy down 5%
Roland99
Jul 2012
#40