Wednesday, April 17, 2013
Friday, April 5, 2013
Is It Beginning? Biggest JGB Price Collapse In Over 10 Years Triggers TSE Circuit Breakers
Just over 4 hours ago we discussed the stunning collapse in 10Y Japanese bond yields. Since then – things have taken a very dramatic turn for the worse for bonds. 10Y JGB yields have exploded higher. The move from 32bps to 59bps triggered circuit breakers on the Tokyo Stock Exchange in JGB Futures trading as JGBs dropped by their largest amount since September 2002. We can only imagine there is liquidations galore occurring given the massive outsize moves we are seeing in Japanese bonds, stocks, FX, swaps, and CDS. Did the BoJ just lose control?
Charts: Bloomberg
     |
Is It Beginning? Biggest JGB Price Collapse In Over 10 Years Triggers TSE Circuit Breakers
Thursday, April 4, 2013
...And If You Call Now, You Can Get $2 Billion In California Bonds At A Low, Low Price
Presented with little comment aside to note the ‘special’ pre-sale ends April 10th – Your State Needs You! Of course, if California wants to really sell these bonds, they should take a page out of Japan’s book – Sex sells Bonds.
which while well written has nothing on Japan…
     |
...And If You Call Now, You Can Get $2 Billion In California Bonds At A Low, Low Price