Total Bond Market Chaos!

[Ares]

If someone is hell bent on breaking the bond market, they are doing a bang up job.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/30%20Year%20ver%202_0.jpg

http://www.zerohedge.com/article/unbelievable-bond-market-chaos

[mamboni]

If someone is hell bent on breaking the bond market, they are doing a bang up job.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/30%20Year%20ver%202_0.jpg

http://www.zerohedge.com/article/unbelievable-bond-market-chaos

Holy shit! Is that the 5 yr bond being bid to 8.7%? Holy shit.

[Son-of-Liberty]

WTF!

hmmm...

[Ares]

Probably anticipating a debt down grade. My best guess

[Son-of-Liberty]

OK what's the deal here, am I missing something? I thought this would be bigger news.

[gunDriller]

OK what's the deal here, am I missing something? I thought this would be bigger news.

it might be HUGE news - but i need someone to explain it.

[Joe King]

It means the cost of borrowing for the gov is going up up up!

[Son-of-Liberty]

That is what I thought too if the cost of borrowing really went up that much you would think that this would be a hot topic here and elsewhere but it isn't getting much attention. This is like SHTF for the feds no?

[Joe King]

If they stay up and keep going up, then possibly it is.

[Joe King]

But this could be what the politicians need to "scare" them into making a dealio.

[Ares]

But this could be what the politicians need to "scare" them into making a dealio.

Very likely in my opinion.

[Book]

Some former Treasury Secretary said on Fox News today that they would FIRST pay the bond obligations next month then prioritize Social Security and all other payments after.

[Joe King]

Why would they pay SS claims first, if there is no actual requirement to do so?

If you were on hard times, what would you pay first?
The obligations that keep your house from being re-possessed, or discretionary spending that has no true requirement of being paid at all?

[Book]

Why would they pay SS claims first, if there is no actual requirement to do so? If you were on hard times, what would you pay first? The obligations that keep your house from being re-possessed, or discretionary spending that has no true requirement of being paid at all?

Yeah...pay the international jew bond investors before grandma.

::)

[Joe King]

The fact is SS has no true obligation to be paid, but rather is paid by the grace of Congress.

Per the Supreme Court, anyways.
...and that's who Congress will listen to.

I'm not saying it's right, but rather what the facts are.

[Book]

...and that's who Congress will listen to.



Monthly foreign aid check to Israel going out on time next month?

::)

[Joe King]

Dunno about that. Is there an iron-clad obligation to pay them?

[mick silver]

joe should i sell my gold an silver ?

[Joe King]

Couldn't tell you yet....but gimme a minute and I'll take a ride in my time machine and out and go find out for you, ok? lol

[Joe King]

Ok...just got back and it seems that the Morlocks have....oh wait, seems I went too far again. Doh!

[Son-of-Liberty]

If they aren't going to be paying social security then what obligation does the taxpayer have to pay SS deductions? If they break their side of the contract you're under no obligation to continue to hold up your end of the bargain.

[Joe King]

If they aren't going to be paying social security then what obligation does the taxpayer have to pay SS deductions? If they break their side of the contract you're under no obligation to continue to hold up your end of the bargain.
Ummm, because little peoples end of the stick says they gots to?...and they accepted the agreement?

If you read it, {SSA} I'd imagine the iron-clad-guarentee to pay into it, is in there.


Besides, they haven't said they're not going to pay at all, just that they won't be paid first.

[Glass]

Holy shit! Is that the 5 yr bond being bid to 8.7%? Holy shit.

Wait until it gets to 20% like Greece etc

[Joe King]

Oh happy day!

[Horn]

Some former Treasury Secretary said on Fox News today that they would FIRST pay the bond obligations next month then prioritize Social Security and all other payments after.

They need the entire planet to falter at once to engineer their solution.

Here in Costa Rica, all the Social Security money mysteriously vanished overnight.

[Joe King]

Holy shit! Is that the 5 yr bond being bid to 8.7%? Holy shit.Exactly whose Bonds do these yields represent? Just wondering.

[po boy]

Ummm, because little peoples end of the stick says they gots to?...and they accepted the agreement?

If you read it, {SSA} I'd imagine the iron-clad-guarentee to pay into it, is in there.


Besides, they haven't said they're not going to pay at all, just that they won't be paid first.

I believe it's out lined in USC title 42 sections 301 -335.

[Sparky]

That chart looks bogus. It has the 2-, 5-, and 10-year starting in negative territory.

[Joe King]

It is bogus. That's why I asked whose Bonds is it?

A friend of mine is a Bonds guy. Asked him about it and he just laughed.