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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Italian 10 year bond
PostPosted: Tue Nov 01, 2011 1:08 pm Reply with quoteBack to top

absolutely imploding this morning

if somebody doesn't step in and do something IMMEDIATELY, its game over by Friday. Can the ECB fix this one? - I don't think so.

Cue rumors ...

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Italian 10 year bond
PostPosted: Tue Nov 01, 2011 2:47 pm Reply with quoteBack to top

price is still falling ...

yield currently at 6.337%

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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mahalo guy
Demolition Man


Joined: 28 Jun 2008
Posts: 2082
Location: Honolulu

Re: Italian 10 year bond
PostPosted: Tue Nov 01, 2011 3:36 pm Reply with quoteBack to top

Where do you find that pricing?
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Italian 10 year bond
PostPosted: Tue Nov 01, 2011 3:59 pm Reply with quoteBack to top

yield has dropped like a rock over the past hour ... ECB is clearly in there buying. Apparently there was some margin call trigger that was breached do to the spread between the Italian and German 10 years, so someone stepped in to QUICKLY turn that around.

We are truly perched on the brink my friends ...

mahalo guy wrote:
Where do you find that pricing?


http://www.bloomberg.com/apps/.....:IND#chart

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Italian 10 year bond
PostPosted: Tue Nov 01, 2011 4:55 pm Reply with quoteBack to top

Folks ain't concerned about return on principal right now...they want return of ...who is the greater fool on this...well it is gonna be the sheeple taxpayers...

bail out the banksters...check
bailout the gov't...check

phuck the sheeple...check

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There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Italian 10 year bond
PostPosted: Fri Nov 04, 2011 5:10 pm Reply with quoteBack to top

6.377% this afternoon

recent history shows that 7% is the tipping point

I suspect this is going to be next week's big story

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Italian 10 year bond
PostPosted: Fri Nov 04, 2011 6:16 pm Reply with quoteBack to top

Hurry! Sell all your PMs...and flee to the safety of the USD...

Geez. When is the shoe finally gonna drop and hit the floor? I'm amazed that the lying politicians and banksters have kept it up this long. I guess when you can print outa' thin air you can keep the plates spinning seemingly forever...

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Italian 10 year bond
PostPosted: Mon Nov 07, 2011 5:58 pm Reply with quoteBack to top

Italian 10 year just hit 6.66%

... and they canceled their 3 year note auction that was scheduled for later this week do to "lack of specific cash requirements" ... Shocked ... Bahhahahahahaha ... yeah, THAT'S why you cancelled it ...

http://www.zerohedge.com/news/.....ll-auction

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Italian 10 year bond
PostPosted: Mon Nov 07, 2011 6:46 pm Reply with quoteBack to top

When their 90-day bills hit 100% maybe I'll bite...

I do wonder how long this will go on?

My my, look at gold today...up $36.50 to $1791.50 as we speak.

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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mahalo guy
Demolition Man


Joined: 28 Jun 2008
Posts: 2082
Location: Honolulu

Re: Italian 10 year bond
PostPosted: Tue Nov 08, 2011 6:41 pm Reply with quoteBack to top

Getting close to 7%?
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