Yen Dumped, Yield-Curve Pumped, Bonds & Bitcoin Slump
by Zero Hedge
Zero Hedge— Yen Dumped, Yield-Curve Pumped, Bonds & Bitcoin Slump Quiet macro day with Durable Goods Orders looking like a beat - but only because of sizable downward revisions - as orders and shipments are actually down on a YoY basis. Source: Bloomberg But stocks were messy with an opening bid immediately squelched and post-EU-close ramp faded into the US close. Small Caps were the day's laggard as Nasdaq outperformed while The Dow and S&P desperately tried to get green Nasdaq and The...
Bitcoin News—Historic Yield Curve Inversion Reaches 656 Days, Echoing Pre-Stock Market Crash Patterns – Economics Bitcoin News. Based on the latest data, the yield curve of the U.S. Treasury, which charts the yields for two-year and ten-year bonds, has remained inverted for a total of 656 days. This latest inversion joins previous records set in 1929, 1974, and 2008, all of which preceded substantial declines in the stock market. Recently, market observers […]
CNBC—Yield differential is the 'root cause' of Japanese Yen's weakness: Analyst. Khoon Goh of ANZ discusses the continued weakness of the Japanese Yen and says that while the U.S. Fed could alleviate some of the pressure, it is unlikely to do so.
Zero Hedge—Yen & Yellen Yank Stocks, Bonds, & The Dollar On Otherwise Quiet Day. Yen & Yellen Yank Stocks, Bonds, & The Dollar On Otherwise Quiet Day A quiet micro and macro-economic day was dominated by Treasury's refunding size estimates (which spoiled all the fun by coming in less than some hyperbolic expectations a but generally in line with expectations), and Japanese intervention the FX markets. As Goldman's trading desk noted, a quiet start to a busy week with the S&P trading within a 15 handle range (volumes -11% vs 20dma) and largely traded in a vacuum...