30 year bond sale today

[Sarge]

This is where the rubber is going to start meeting the road.

Budget deficit at new high and moving higher. Fed is painted in a corner and who is going to buy the bonds on the cheap interest rate for 30 years when the debt is going through the roof.

Wanting to tack on money for the IMF. Where is the PAYGO BO? Sneak it in on the military budget. Change you can believe in HA! IMF selling gold in same budget approval. China buys the gold is my bet.

Ben and the inkjets need to come up with a new song about red ink. Black ink is becoming history. Gas going up, Mortgage rate going up, Commercial real estate still taking a hit.

Saw two shops closed in a nice small shopping mall where my dentist is today. Not sure how the large jewelry shop is staying open.

The idiots on CNBC just saying the worst of the housing crisis is past. Sure with mortgage rates moving up. Dream on. When will they start thinking before they open their mouths. Alt A loan resets are now screwed with rates moving back up.

Late day ramp up again. When it crashes it is going to hurt big time. My words.

Rally on.

[puppetmaster]

just drove around town today and see 1 in 20 homes in nice subdivisions abandoned. Plus many more for sale bank owned

[stag15]

I read on a TBT message board that this quarter bond auctions have only totaled about $300 billion, next quarter there is going to be 500 billion of bonds auctioned. Who is going to be buying all of this?

[hugolp]

I read on a TBT message board that this quarter bond auctions have only totaled about $300 billion, next quarter there is going to be 500 billion of bonds auctioned. Who is going to be buying all of this?

Bernanke.

[Liberty Rebellion]

Anyone want to bet what the yield on these T-Bills will close at come the end of business today?

[stag15]

Anyone want to bet what the yield on these T-Bills will close at come the end of business today?

We know they can move 25 basis points. Maybe we see 4-4.2

[Lafayette]

We know they can move 25 basis points. Maybe we see 4-4.2

30years are already at 4.80 this morning, its the 10 years that are headed to 4.

2-Year 99.031 1.38
10-Year 93.141 3.97
30-Year 91.375 4.80

[Sarge]

It is going to be interesting. We should know the results at 1pm. Eastern time today.

[Sarge]

10 year just hit 4.0 percent. 30 year now at 4.83.

[Cowlesy]

Here is Treasury's Auction calendar.

http://www.treas.gov/offices/domestic-finance/debt-management/auctions/auctions.pdf

Here is the termsheet for today's auction

http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090604_4.pdf

[Mordan]

Here is Treasury's Auction calendar.

http://www.treas.gov/offices/domestic-finance/debt-management/auctions/auctions.pdf

Here is the termsheet for today's auction

http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090604_4.pdf

is there a place where you can see the biddig in real time?

[ghengis86]

http://www.bloomberg.com/markets/rates/index.html

why are prices rising and yields falling? With regard to 30-yr, is the FED buying?

this shit makes no logical sense anymore. it's so manipulated and FUBAR'd

[DFF]

just drove around town today and see 1 in 20 homes in nice subdivisions abandoned. Plus many more for sale bank owned

Not surprised. You live in Nevada...your state got hit the worst. Houston's housing market is on the upswing.

[Bryan]

Thanks for the heads up on this- its very interesting and I'm trying to follow it all.

Thought it would be good if some of the expects could help explain exactly what is going on with who and where and how this fits into the big picture of the money supply, interest rates and dollar stability (or lack thereof). I'm mostly there but think I could learn some more too- and I'll bet others could learn from this as well.

Anyone game?

Thanks again!! :)

[Cowlesy]

Big, dumb money is looking at nearly 5% yield and saying "yeah I'll take it" (I think yield on the long bond is about 4.8% right now).

When you've been getting clubbed like a baby-seal in the equity markets....these yields become more attractive when you have insane amounts of cash to invest.

There are a 1,001 arguments AGAINST IT (real return yield, credit risk, etc), but yields have been soaring lately and it makes sense buyers are going to come in and take them.

Definitely a lot of volatility today (as evidenced by oscillating yields as well as the stock price of TBT).

It's looking like the auction won't be too bad at all which will send long bond prices higher. That being said, you never know when there will be a surprise. We will know soon enough.

[Cowlesy]

Bid-to-Cover was 2.68

High Yield -- 4.72 -- much lower than I expected.
http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/R_20090611_1.pdf

[Sarge]

They went for 4.72 percent.

Not bad, but they have trillions yet to sell in the near future.

[HOLLYWOOD]

4.72% but did you look at the buyers?

This whole auction is rotten, but maybe it's because we watched "The Internationalist" last night...;)

The amount taken down by Indirect Bidders (Real Large/Big Customers - Goldman Sachs/JP Morgan and Foreign CENTRAL BANKS) was over 50% This is HUGE and on record to the 2nd largest percentage ever.

This SMELLS real bad of conspiracy/collusion/manipulation.

PS: The US DOLLAR is TANKING!

[Sarge]

H,

They can only play games for so long. Look at what Delta Airlines is doing and saying,

http://www.bizjournals.com/columbus/stories/2009/06/08/daily32.html

They just made the Swine Flu Pandemic. What is that going to do to travel. I have to figure it out as we have a cruise booked out of Italy in Sept. Already have all our flights booked and paid for right now.

CNBC just said one company just cancelled a convention.

Saw another article that global growth being revised down to -3 percent.

[HOLLYWOOD]

H,

Saw another article that global growth being revised down to -3 percent.


These Financial retards and political bafoons are not including INFLATION into the numbers.

Half gallon of Beyers Ice Cream? Is now 1 1/2 quarts 7 Hot Dogs to a package, WTF?

Gas... here we go again. The US Dollar tanks and the 30 year is SUCCESSFUL, what a crock of shyt?

The US Public is being played like a Grand Piano.

Today's US 30 Year Yield went down (4.68%)... Yeah, Right, Of Course :rolleyes:

[Cowlesy]

Still the highest 30 year long bond yield since 2007 ---- yield was off its peak of about 4.82 I think.

I've noticed the # of hotdogs in a package Hollywood -- you're on to something there!

[Sarge]

Most of the boards have people talking about the shrinking amounts of food in packages which amounts to a price increase. Some have less and still increase the price.

GS, ruler of all money, says recovery not here,

http://www.bloggingstocks.com/2009/06/11/goldman-ceo-blankfein-cautious-on-recovery/

Rally on.

[Sarge]

Did anyone else just hear Rick Santelli on CNBC.

If I heard right, it sounds like the Government might have had some games going on to keep the 30 year rate low. Something about buying mortgages? Wish I could hear that again.

[Sarge]

Ticker Forum talking about what Rick said likewise. This is apparently what happened,

http://acrossthecurve.com/?p=6288

Sounds like Ben doing all he can do to keep the lid on the rates. It will be interesting to see the next bigger auctions.

[Sarge]

Met gets it,

http://www.bloomberg.com/apps/news?pid=20601087&sid=aZxHxcn5P398

Ben and the back up group the inkjets are going to get it sooner than later.

Seeing fear in many places tonight on posts. Caution all.

People are getting worried. It all boils down to the math on out of control debt. My words.

[HOLLYWOOD]

,S, Thanks for the other link, witch had me investigating a bit:
http://zerohedge.blogspot.com/2009/06/zero-hedge-exclusive-is-state-street.html


LOOK AT THIS CHART and the COMMENT! Like I've been saying...WE are ALL being played like a GRAND PIANO.
PS: timing is everything in a crisis... just ask Rahm Emanuel!

http://market-ticker.denninger.net/archives/590-FLASH-Fed-Speaking-Out-Both-Sides-Of-Mouth.html

"Note that this is an intentional drain of "slosh", or liquidity, from the banking system. $125 billion in the last four days drained?
You wouldn't be trying to intentionally cause a bank failure or two to bolster your call for the $700 billion "bailout" plan aka $850 Billion ESSA waste ACT, or perhaps intentionally lock the short-term credit markets, would you Ben?
If the market has a liquidity crisis, why would you be intentionally draining reserves from the banking system? Don't you think you ought to explain that to Congress?"

http://www.ritholtz.com/blog/wp-content/uploads/2009/06/ata-may-2009.jpg

http://market-ticker.denninger.net/uploads/drain.png


Ticker Forum talking about what Rick said likewise. This is apparently what happened,

http://acrossthecurve.com/?p=6288

Sounds like Ben doing all he can do to keep the lid on the rates. It will be interesting to see the next bigger auctions.

[Sarge]

H,

You are welcome. They painted the tape again tonight. They are totally throwing off any charting accuracy with their games. People are getting hacked across many boards. All know the games being played. If we played them we would be in jail.

When people have had enough of their lies and games it is likely to get ugly.

Not sure I understand what you highlighted for 2008 is saying.

BDI shipping is going back down. Not good. China is overflowing with all the commodities they have bought. They can't even get it all unloaded right now.

Bank loans getting worse again, mortgage rates will move up. Not if, just which bond auction of our mounting debt.

Kicker, CNBC just was talking about them needing to raise money and they will likely reduce any mortgage deduction. Double the pleasure screw job.

I am thinking there will be an event that will shake the markets and the PPT or their black boxes will not be enough. If what Zero Hedge thinks is right there should be high people going to jail.

[HOLLYWOOD]

S,
The FRONTLINE $10 TRILLION coverage
[/URL][URL]http://www.pbs.org/wgbh/pages/frontline/tentrillion/view/ (http://www.pbs.org/wgbh/pages/frontline/tentrillion/view/)

Fast forward to 4:10 in the video... From that point where the secret location of the BILLS and BONDS offered FOR SALE... then the comment @ 6:20.

To get out of doing anything illegal the financial sector of the US government "COMPARTMENTALIZE" the buying and selling, Ambiguous accounts of the buyers, buyer accounts, multiple hopping fire-walled terminals, on & on.

When you run secret compartmented points everywhere, NO ONE is held liable of CRIMES, because no one except the few that can execute executive privledge, or immunity one way or another, to exonerating all through loopholes in the laws, etc.

I'm sure there's retaliation for any whistle blower that discloses their compartmented portion/segments.

Referring to the chart... the FED pulled Liquidity OUT of the system to enhance the Bank Failures/Instabilities to get that $850 BILLION ESSA Act PASSED. Right there is a warrant for TREASON.

[Sarge]

H,

Thank you. Gotcha. I have a feeling you might be able to help Tyler.

Note my other post about they now want another 600 plus BILLION in taxes shortly.

I help pay into a pot, for a whistle blower, with iron clan proof.

The problem when you play these types of games is, sooner or later one person will get hacked off and blow the whistle.

Once they lie, they can't remember all the lies and it catches up with them.

[HOLLYWOOD]

Well,

You have to run a costly ongoing under cover... deep deep, Deeeep, under cover investigation without breaking the law.

Yes, there should be a Big Bonus "REWARD" program for the Whistle Blowers. (Just like the FEDS do to Americans, banks, foreign countries, foreigners, etc)
Remember the overseas "TAX-FREE" banking/investment accounts that were exposed in Switzerland and Lichtenstein? They were big bribes/payoff rewards to employees/former employees of the banks in those continues by German and US governments.

I would love to see "REWARD" signs outside every single FEDERAL RESERVE, US TREASURY, CFTC, SEC, building across the nation.




H,

Thank you. Gotcha. I have a feeling you might be able to help Tyler.

Note my other post about they now want another 600 plus BILLION in taxes shortly.

I help pay into a pot, for a whistle blower, with iron clan proof.

The problem when you play these types of games is, sooner or later one person will get hacked off and blow the whistle.

Once they lie, they can't remember all the lies and it catches up with them.

[Sarge]

H,

Same here.

Now for getting tin foil. Hartford 3.4 B and now this article adds up to that number,

http://www.bloomberg.com/apps/news?pid=20601110&sid=aUFXCwAVeYJY

I don't know anymore, but the same math comes up on different things. I would not put anything past the big boys right now.

This might all be a big ponzi to keep this mess afloat. The odds of the same numbers coming up and up are astronomical.

Not saying it is so, but there is a smell factor here. Both news articles on the same day for the same amount.

[HOLLYWOOD]

"GM Bonds Valued at 12.5 Cents to Settle Credit-Default Swaps" The price, the result of a second round of an auction by 13 dealers including Deutsche Bank AG and Morgan Stanley, means sellers of the swaps will pay 87.5 cents on the dollar to buyers of the protection, according to data from administrators (http://www.creditfixings.com/) Markit Group Ltd. and broker Creditex Group Inc. Dealers also set a value of 97.5 cents on the dollar for the automaker’s senior secured loans after GM Chief Financial Officer Ray Young (http://search.bloomberg.com/search?q=Ray+Young&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) said last week those creditors will be paid at par.

Oh that's halarious! :rolleyes:

Meanwhile back on Wall Street, the American Taxpayer via our Glorious Imperial Empire of FEDERAL Government, FEDERAL RESERVE and US Treasury, quietly, through AIG an Money LAUNDERING FRONT, sends $13 BILLION to Goldman Sachs to cover GS' CDS@ 100 cents on the dollar.


First we had the Greenspan Put. Later we discovered the Japanese were, and still are, propping their equities markets as a function of government and protecting their EXPORT national economy.
Now we likely have The Obama Put.
Markets are too big to fail and won't be allowed to fall below a certain level. Secret government programs may be monetizing the equities markets in order to preserve the economy. If true, the collapse when they remove the Obama Put will be immense.I hate to admit this, but Maxine Waters, D-CA, is correct on one statement about the Banks/Wall Street... "Okay, Masters of the Universe..."


"The financial institution who were AIG's counterparties thought that since AIG was providing "insurance" on their crazy deals they could safely use financial leverage of 30 to 40 to 100 to 400 to one. After all if the underlying security went bad, as they did in the trillions of dollars, AIG would pay for their investment mistakes, but what is the real motive of the US government money laundering almost $60 Billion to Wal street and Banks globally at the taxpayers' expense."

H,

Same here.

Now for getting tin foil. Hartford 3.4 B and now this article adds up to that number,

http://www.bloomberg.com/apps/news?pid=20601110&sid=aUFXCwAVeYJY

I don't know anymore, but the same math comes up on different things. I would not put anything past the big boys right now.

This might all be a big ponzi to keep this mess afloat. The odds of the same numbers coming up and up are astronomical.

Not saying it is so, but there is a smell factor here. Both news articles on the same day for the same amount.