Tyler Durden | TalkMarkets | Page 413
Writer at ZeroHedge
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Tyler Durden (pseudonym) is thelead writer at ZeroHedge. Tyler represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is ...more

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An Unusual Warning From Goldman Sachs: "Market Depth Has Collapsed"
Despite depressed liquidity conditions, in the aftermath of February’s volatility, hedges remain historically inexpensive.
Treasury Yields Spike To 1-Month Highs As Yuan Tests Cycle Lows
Having decoupled three weeks ago, the spike in Treasury bond yields in the last two days has erased the divergence between stocks and bonds with the former trading at one-month highs as offshore yuan pushed back to cycle lows.
Tesla Tumbles On News It Is Seeking Cash Back From Suppliers
Tesla shares tumbled more than 4% in pre-market trading. Tesla's future is in jeopardy.
Goldilocks On The Rocks: Why Next Week's GDP Will Be "The Last Best Print"
Next week the US Department of Commerce reports its advance estimate of 2Q GDP. It’s likely to be a whopper. Our US economics team expects it to register at +4.7%.
Six Reasons Why Credit Suisse Is Very Worried About China's Economy
While much of the recent commentary targeting China has centered on its response to Trump's trade war and the sharp devaluation of the Yuan, many have argued that the real focus should be China's decelerating economy.
It's Still "Too Quiet Out There" - VIX Shorts Resurgent Despite Spiking Crash Risk
A few weeks ago, the market mood seemed outright bearish, or at least extremely cautious. Now, with the S&P and Russell sneaking up on their all time highs (and the NASDAQ through it) all is sunshine and light once again.
Goldman: Currency War Has Erupted
There are three direct consequences of this posture.
Global Bonds Stumble, Yield Curve Steepens After Trump, BoJ
This is the biggest single-day steepening in the 2s30s curve since early February's crash.
JGB Futures Dump On Report BOJ May Shift Policy
The JGB 10-year future - which barely trades on most days - has dropped sharply from 150.98 highs to 150.76, the lowest level since June 20.
Italian Bonds Whiplashed After Finance Minister's Future Thrown Into Doubt
Markets haven't yet built up a lot of trust with the new Italian government.
Calm Before The Storm? Treasury 'Risk' Hits 45-Year Low As Shorts Hit Record Highs
The 10-year Treasury yield has moved less than 9 basis points so far in July. After retreating from its May 17th high of 3.1261%, the benchmark yield has hovered between 2.8053% and 2.8950% in July.
Bonds Bid, Stocks Skid, & Trump Dumps The Dollar
Overnight headlines were dominated by China's currency collapse.
As China Suffers Its Biggest Bankruptcy Of 2018, The PBOC Finally Panics
The central bank confirms that China's debt mountain is indeed a Ponzi Scheme
Oil Jumps After Saudis Say August Exports To Slide
The most likely reason for the sharp kneejerk higher is that many of the shorts that had piled on in recent days got spooked and promptly covered, sending WTI just shy of $70, a $2 swing on the day.
Global Stocks, Futures Slide As Yuan Crashes
On Thursday, the PBOC weakened its fixing on the onshore yuan below 6.7 for the first time since the start of the yuan drop in June.
China Launches Quasi QE To Support Banks And Sliding Bond Market
The PBOC appears to have engaged in quasi QE - using monetary policy instruments such as its medium-term loan facility (MLF) - to support the local bond market and banks, especially those that have invested in bonds rated AA+ and below.
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