Saturday, May 11, 2013

Treasury Yields at Highest Level in Six Weeks

Treasury 10-year note yields rose to the highest level in six weeks.

The U.S. 10-year yield climbed 16 basis points this past week, or 0.16 percentage point, to 1.9 percent.

At some point the climb in yields is not going to stop and rates will climb for decades. BIll Gross says the bull market ended on April 29.

1 comment:

  1. With the commencement of competitive currency devaluation on Friday May 10, 2013, the world’s economic and political paradigm pivoted from Liberalism to Authoritarianism.

    As currency traders called the individual currencies such as the Australian Dollar, FXA, the Swiss Franc, FXF, the Indian Rupe, ICN, the Swedish Krona, FXS, the Euro, FXE, the British Pound Sterling, FXB, the Brazilian Real, BZF, the Canadian Dollar, FXC, the Japanese Yen, FXY, as well as the Emerging Market Currencies, CEW, lower, the world transitioned from the economic and political paradigm of Liberalism to Authoritarianism.

    The Milton Friedman Free to Choose floating currency Banker regime has perished, and the Nannycrat Diktat Beast regime of regional governance, totalitarian collectivism, debt servitude and austerity is rising to the world.

    Last week, with the trade lower in not only in Aggregate Credit, AGG, but also highly indebted Electric Utilities, XLU, the world pivoted from the age of investment choice, to the age of diktat; the era of Inflationism has ceased, and the epoch of Destructionism commenced.

    With the soon coming exhaustion of trust in the world central banks ability to stimulate global growth and trade as well as corporate profitability, together with a loss of confidence in the ECB and national leaders in the Eurozone unable to prevent sovereign default and maintain economic order, a credit collapse and financial system breakdown will occur, as foretold in bible prophecy of Revelation 13:3.

    Aggregate Credit, AGG, collapsed, the week ending May 10, 2013.

    In compliment of the currency traders, who have started a sell of the world currencies, the bond vigilantes have gained a nescient control of interest rates, as is seen in their call of the Interest Rate on the US Ten Year Note, ^TNX, higher to 1.90%, and a steepening of the 10 30 US Sovereign Debt Yield Curve, $TNX:$TYX, seen in the Steepner ETF, STPP, steepening.

    The world central banks’ monetary policies of Global ZIRP, have finally turned “money good” investments, bad. A case in point is Australia’s Westpac Banking, WBK; in contrast, currency carry trade endowed, Lloyds Bank, LYG, rose strongly in a Global ZIRP grand finale finish. Failing of Global ZIRP, stimulated investors to derisk out of Nation Investment in Australia, EWA.

    Liberalism featured the Banker’s Regime, Milton Friedman Free To Choose, fiat money system. Now, Authoritarianism features the Beasts’ Regime, regional governance, totalitarian collectivism, debt servitude, and austerity, diktat money system.

    Diktat Money was born out of the Cyprus Bank Deposit Bailin and is defined as the compliance required, as well as the trust that is engendered, the debt servitude that is enforced, and the austerity that is experienced, such as heavy losses on large bank deposits via bailins, levying additional taxes, privatizations, and sale of a country’s central bank’s gold reserves, when sovereign regional leaders such as Olli Rehn, Jeroen Dijsselbloem, and Michael Barnierm, as well as sovereign regional sovereign bodies, such as the ECB, invoke mandates for regional security, stability, and sustainability.

    With Jesus Christ at the helm of the economy of God, as presented by the Apostle Paul in Ephesians 1:10, there will never ever be a free market, sound money system, as envisioned by the Libertarians, such as Lew Rockwell, Ron Paul, and Murray Rothbard, who Wikipedia relates advocated full reserve banking ("100 percent banking")[62] and a voluntary, nongovernmental gold standard[24][63]