Monthly Archives: June 2010

10yr breaks support, Goldman issues identical chart analysis as ShadowCap

The 10yr broke the important 310bps support level I’ve been highlighting for a couple weeks now. The risk aversion expressed by the demand for Tsy notes manifested in a more pervasive risk asset decline today, in equity, credit, and FX. … Continue reading

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Volume expanding as market heads for neckline

After the big gap-up on Monday on news of the CNY floating, the market hit its 50DMA and has done nothing but selloff since then, with four consecutive red days. As I stated in previous posts, the right shoulder of … Continue reading

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CNY “Revaluation”: Indication of Lack of Chinese Confidence in Global Recovery?

Submitted by Qasim Khan Overview Markets have viewed China’s willingness to move to a more “market” determined value of CNY as an indication that Chinese officials believe the global economy is strong enough to weather a CNY revaluation. However, I … Continue reading

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10yr approaching breakout

…And that would spell harm for riskies. 10yr Tsy yields are about 10bps less than when we mentioned their relevance to risk assets earlier this week, although one could say they remain in their consolidating triangle. The prospect of an … Continue reading

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Is Jim Chanos short Freeport-McMoran?

In our “Sell in May & go away” post, published hours before the Flash Crash, we wrote about the Australia-China connections, especially in regards to commodities (particularly copper): Liquidity tightening in China and the Australian mining super-tax are further important … Continue reading

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Risk appetite brings S&P back above 200DMA

Volume is nowhere to be found, which means risk was heavily bid and price marched on upward today. US FI saw outflows on short-end, with 3mo bill yields going up 2.5bps, but 10yr & 30yr Tsys saw minimal offering, diverging … Continue reading

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BOE : 1992 :: SNB : 2010

Posted with minimal commentary… All we have to say is… Two hours. The Swiss are taking a page out of recently-released Gucci Mane’s lyrics book: Thumb print me, finger print me, But can we agree to disagree? I’m from east … Continue reading

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