DrStool Posted May 27, 2009 Report Share Posted May 27, 2009 Hmmmm.... Looks like all the cash freed up by the Treasury selloff didn't go running into stocks this time. Werry werrry ominiverous. Hoo boy. Link to comment Share on other sites More sharing options...
swordfish Posted May 27, 2009 Report Share Posted May 27, 2009 just come here for sec. BTW Ive just finished my second MA thesis (will finish "burocracy" tomorrow at my univesity..) so I will catch up with market soon. using my mobile ont the move to catch up with this board... some links about bonds http://thehousingtimebomb.blogspot.com/200...bond-panic.html http://seekingalpha.com/article/139681-bon...mething-s-afoot http://www.bloomberg.com/apps/news?pid=206...&refer=home One more thing. If UST (10 year bonds) will hit 6% , then % at other bonds (polish, german etc) will also go up. this tell me that shit will hit the fan all over the wordl by by recovery. btw, maybe there will be half year recovery but I dont see a long term new business model for worlds (the last one - us buy stuff, china give usa money for more stuff which makes % on loans keep droping) is over. no new model = stagnation (best possible scenario) maybe longer recession (realistic scenario) Link to comment Share on other sites More sharing options...
I_Am_Madness Posted May 27, 2009 Report Share Posted May 27, 2009 http://market-ticker.denninger.net/uploads/rates.png Is this correct? Did the 30 year fix mortgage just popped 28% today and currently sitting at 6.52%, which is up from 4.85% a week ago!! Link to comment Share on other sites More sharing options...
psyche doctor Posted May 27, 2009 Report Share Posted May 27, 2009 http://market-ticker.denninger.net/uploads/rates.png Is this correct? Did the 30 year fix mortgage just popped 28% today and currently sitting at 6.52%, which is up from 4.85% a week ago!! I just sold a house to a couple who got a mortgage for under 5%. I guess I got rid of it in just the right time. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted May 27, 2009 Report Share Posted May 27, 2009 I just sold a house to a couple who got a mortgage for under 5%. I guess I got rid of it in just the right time. Can anyone confirm these rates? 28% increase in 1 day. I can imagine all refinancing just came to a complete stop. Link to comment Share on other sites More sharing options...
phatbubble Posted May 27, 2009 Report Share Posted May 27, 2009 Can anyone confirm these rates?28% increase in 1 day. I can imagine all refinancing just came to a complete stop. Bankrate.com still quoting 5.00 Link to comment Share on other sites More sharing options...
swordfish Posted May 27, 2009 Report Share Posted May 27, 2009 How about some closing levels for the record: The yield on the 2 year note increased 2 basis points to 0.97 percent. The yield on the 3 year note climbed 3 basis points to 1,49 percent. The yield on the 5 year note soared 11 basis points to 2.41 percent. The yield on the 10 year note catapulted 17 basis points higher to 3.72 percent. The yield on the bond rocketed 14 basis points to 4.63. The 2year/10 year spread is a record 275 basis points. The 2year/30 year spread is 366 basis points. The record on that is 369 on October 05 1992 at about 1130 AM. i am a very sick man!!! BTW, one of the best blog about bonds.... http://acrossthecurve.com/ Link to comment Share on other sites More sharing options...
MrHanky Posted May 27, 2009 Report Share Posted May 27, 2009 Can anyone confirm these rates?28% increase in 1 day. I can imagine all refinancing just came to a complete stop. Doubt it....Ain't gonna happen unless TYX REALLY gets blown out. Gotta be a mistake...Or maybe it's the jumbo rate and it got mixed up. Link to comment Share on other sites More sharing options...
DrStool Posted May 27, 2009 Author Report Share Posted May 27, 2009 "disturbation" © 2008 All rights reserved. This word is a the property of Dr. Stepan N. Stool and Capitalstool.com. Redisturbation, refuse, or reboardcast, or podcast, of this word without the express written consent of the Chief of Stock Proctology and the American Society of Shortsellers (ASS) is striply prohibitated. Link to comment Share on other sites More sharing options...
drwells Posted May 27, 2009 Report Share Posted May 27, 2009 BTW, one of the best blog about bonds....http://acrossthecurve.com/ How could I forget that one. Thanks for the reminder (and for pointing me to it in the first place I believe). Link to comment Share on other sites More sharing options...
T_Slim Posted May 27, 2009 Report Share Posted May 27, 2009 "disturbation" © 2008 All rights reserved. This word is a the property of Dr. Stepan N. Stool and Capitalstool.com. Redisturbation, refuse, or reboardcast, or podcast, of this word without the express written consent of the Chief of Stock Proctology and the American Society of Shortsellers (ASS) is striply prohibitated. Link to comment Share on other sites More sharing options...
sarcastro Posted May 27, 2009 Report Share Posted May 27, 2009 So much for that last "safe haven", eh? I love how people who should have known better were too scared to call this what it so obviously is- the biggest bubble on earth! I was particularly disappointed to see Bill Fleckenstein link to this article, complete with why the bear market is over (read: "stock have gone up for 2.5 months, so I'm scared), how treasuries are not quite in bubble terrority ("they hadn't started going down yet, therefore, it can't be a bubble"), and a meaningless, not-very-professionally-worded probability chart at the end. As it is now bursting, we will now hear the "experts" say how obvious it was all along that this was going to happen- just as it was obvious all along that the Cavaliers weren't a very good team past LeBron James, and they were CLEARLY going to lose to the superior Orlando Magic. In the meantime, watch TBT blast off to new highs in the months/years to come... Link to comment Share on other sites More sharing options...
phatbubble Posted May 27, 2009 Report Share Posted May 27, 2009 What did Shorty say in IDS - 'double buckoff bedshat in progress'? Still laughing Link to comment Share on other sites More sharing options...
phatbubble Posted May 27, 2009 Report Share Posted May 27, 2009 DBA lookin raggedy. Oct gap from 28.12 all but filled, HOD 27.91. Not an especially bearish daily chart on its face, but IMHO Blue Horseshoe is about to kick the grains down a flight of stairs. Link to comment Share on other sites More sharing options...
Jorma Posted May 27, 2009 Report Share Posted May 27, 2009 Here is a mortgage rate chart I stole from Zero Hedge. http://zerohedge.blogspot.com/2009/05/2s10...cord.html#links The 2 year/ 10 year spread went to a record as well. Link to comment Share on other sites More sharing options...
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