From its highs on 10/26/81 (at 15.2%), the 30Y UST yield has collapsed to below 2.00% today.
You had better buckle up, because it looks like we are in for a bumpy ride.
Update (1300ET): The Dow just broke its 200DMA...
Bitcoin is back below $10,000 for the first since July (testing below $9500 intraday before rebounding)...
Since Powell cut rates, Bonds and Bullion are up 6%, Stocks are down 6%, and the dollar is unchanged...
Earlier Wednesday, the yield on the benchmark 10-year Treasury note was at 1.623%, below the 2-year yield at 1.634%.
A Major Financial Crisis In Argentina Is Happening Right Now
Negative yields? Who cares says Greenspan. It's meaningless.
... 30Y Yield Drops To All Time Low. While many have noted the inversion of the 3m-10Y segment of the US Treasury curve, mainstream investors appear more focused on the spread between 2Y and 10Y yields... and that has just inverted for the first time
When something like the truly freakish chart below appears, you'd think that even the Wall Street gamblers would get their collective heads out of the sand.
Time for a "Markets In Turmoil" special?
Do investors recognize how much risk they're taking on at this stage in markets? I think it's a highly relevant question as things may not be as well as they seem. On the surface all looks well as markets just made new all time highs in July and
Active asset managers are on the precipice of a $74 trillion problem, according to Bloomberg. Every day investors that have been frustrated by poor returns and higher fees are shifting their money out of actively managed funds and into passively mana
The machines busily lifted stocks up at the US cash market open to fill the gap down triggered by Huawei license ban headlines overnight.
The New York Time Company saw its stock tumble as much as 20% on Wednesday after the newspaper publisher said it expects advertising revenue to shrink by high-single digits in the third quarter.
Investors again rushed for the safety of government bonds and dumped stocks on Wednesday, exacerbating the August exodus away from risk assets as traders around the world settled in for a U.S.-China trade war without an end in sight.
"It's a bloodbath"...
Renowned geopolitical and financial cycle expert Charles Nenner says forget what the mainstream financial channels are saying about more Fed easy money policies pushing the markets higher.
At its most extreme this morning, I'd estimate the mkt was pricing in almost 10% probability of a 25bp cut by the Fed tomorrow. How do I figure? It's based on FFQ9 (August Fed Funds futures).
It wasn't the lowest yield on record for a 10Y auction, but it was close.