So, what do you make of the sudden collapse of 30 year Treasuries?
Open forum on the topic in comments.
30-Year Treasury Bond Collapses [Alea]
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I blame swine flu.
treasuries = the new toxic paper.
I’m impressed people still think the US will be around in 30yrs to finish paying a long bond off.
I blame the guy who wrote this:
http://online.wsj.com/article/SB124165460655793995.html
@ 5 — I agree.
The Gunsmith
TBT FTW
“low risk” assets became overpriced
now headed back to historical range
a far from equilibrium event as Soros would say
@ 2
and you don’t think that this will push other paper down?
@5 & 6
Really? Are you from the buy guns and gold crowd?
At some point, I think we all knew that the tide needed to turn on treasuries. It’s difficult to quantify anything with these with the Fed in the equation.
Props to Jim Grant who mentioned TBT in one of his newsletters a few months ago.
If you are on the right side of the trade, who cares?
You mean we can’t just print money to pay our debts? It seemed to be working out for Zimbabwe…
I just gave myself a rusty trombone.
Dyzzle Ratigan
Blue Mountain Credit Opportunities blowing up?
we’re fucked is what it means. thanks Ben.
@15– http://dealbreaker.com/2009/05/unfounded-rumor-of-the-afterno-1.php
Suggest news that Heidi Miller or Sallie Krawcheck might be strapping on the Citi CEO Schlong of Authority might have had something to do with the Treasury swoon. Just sayin’.
And The Beard and the Skateboard Kid start to realize that they can’t just fire up the printing presses whenever they feel like it. Look out below!!!!
OH! And that big thing blocking out your sun? That’s the Commercial Debt Default Tsunami coming your way!!!! Yowzaa!!!!
The Treasury Dept is run by a bunch of queers, @3 would fit right in
The whole back end of the curve rallied. Why? Simple, see #5, but consider him to be the most extreme opinion. Its about funding needs and the camel’s back finally broke. Or maybe not, I really could not tell you what’s happening as almost everyday over the past year has been historical and anyone who pretends they can tell you is a damn liar.
That it’s time to buy?
@5
Excellent.
This begs the question, however, what will be left? North American Union?
United States of Amexican?
Untied States of Canamerixican?
United States of Mexicanadaran?
Please advice!
I want answers!
-Maxine Walters
#10 — Don’t forget the ammo trade. Ammo has gone up about 4x over two years, and that bull is still roaring.
Pfluger
I was very impressed that the administration decided to announce a three-fold increase in the budget deficit just before a thirty-year bond auction. Now that is pure genius.Paying low rates for long-term sovereign debt is for pu$$ies.
TGeith & Bernanke can SMD. TBT 4 LIFE
China doesn’t fuck around. Anyone that rounds up a bunch of friendly tourists and locks them in a hotel doesn’t give a fuck. Wonder what DO they give a fuck about?
@25:
Damn straight. An AR-10 makes a great investment right now – not only do you make a 100% profit in a year, but you get to blow up raccoons as though they were water balloons in the meantime.
the plural is treasurys, not treasuries.
@23
It will still be the United States of America.
It will happen.
@23 The North American Union.
You can keep your fiat currencies, I’ve got all of my net worth in Amero’s.
http://www.youtube.com/watch?v=TH9VwxIPD6k&feature=related
@10 – No, Gold has a history of cyclical crashes, and since I moved out of my dump of a grad school aparatment, I haven’t lived in a neighborhood where civilian firepower was a necessary household appliance.
@26. No the deficit is getting cut in half, from $400B to $1.6T. Didn’t you hear? Wait. I must have done something wrong on my calculator. That’s half, isn’t it? It must be. Obama said so.
As if it weren’t bad enough that we racked up a huge national debt over the past 8 years as Senator Bush continued to vote for increased spending. Now, Obama has to “invest” his way out a problem he clearly had nothing to do with!
@35
Haha, good one