Yields

Luke Gromen: The Fed Has No Good Options Right Now As Yields Rise And Deficits Explode

One of the biggest questions right now, especially as yields climb as Joe Biden promises trillions of dollars in additional COVID-19-inspired stimulus spending, is when the Fed and the Treasury, soon to be run by Janet Yellen, will conspire to stop the rise in yields and stave off another eruption of market chaos. With US…

Stocks, Bond Yields, & Crypto Soar Amid Payrolls Plunge, "Damaged" Democracy, & Biden's "Trillions"

So, the first week of the year brought us – the worst first day for stocks in two decades, the “darkest day in American democracy”, a dismal jobs print (far worse than expected), ISM beats that were almost entirely predicated on model misattribution of global supply chain disruptions, a blue-sweep of government (fiscal-palooza), and the…

10Y Treasury Yields Hit CTA Liquidation Trigger: It's About To Get Ugly

Yesterday’s unexpected “blue wave” reality washed over US markets, catalyzing a rise in 10Y Treasury yields past the CTAs’ near-term liquidation point of 1.02% (see “CTAs Will Puke Once 10Y Yield Hits 1.02%, Sparking Liquidation Cascade“) with yields rising as far at 1.050% at one point… … a level that has been surpassed this morning…

Treasury Yields, Bitcoin And Small Caps Soar; Tech And Dollar Tumble On Possible Georgia Blue Sweep

Bond yields, bitcoin and small cap stocks surged while tech stocks and the dollar tumbled on Wednesday on the prospect of more stimulus and tougher tech regulation if Democrats take control of the U.S. Senate following a run-off election in Georgia. Stocks in Europe rose and those in Asia were mixed as traders digested what’s…

Record 41% Of European IG Bonds Have Negative Yields As ECB Buys Quarter Of All Eligible Corporate Bonds

As we showed last week (in 20 charts) while 2020 was certainly an unforgettable year for stocks, it was actually credit where the real action was – or as Goldman put it “a year like no other” – for two reasons: i) the direct injection of over $10 trillion in liquidity by central banks in…

Gold, Stocks, & Bond Yields Surge As Dollar Purge Continues

Since the election, and the ongoing roll out of Biden’s nominees for economic and policy teams, the dollar has been on a one-way streak lower… Source: Bloomberg The dollar is unchanged versus its fiat peers since Jan 2015… Source: Bloomberg And it appears the plunge in the dollar is being recognized by gold enthusiasts who…

Futures, Yields Tumble With Trump Set To Win Florida

Recall all our previews said that Florida is a key state for Trump: without it, it was pretty much game over for the president. Well, it appears that despite galatic-szied brains such as Nate Silver giving Trump just 31% odds of winning Florida… … Trump appears set to win Florida according to both PredictIt… ……