A Train Wreck in the Bond Markets

A Train Wreck in the Bond Markets

by Ben Traynor

BullionVault

Friday 9 November 2012

 

Why investors, fearful of currency depreciation, have turned to gold…

 

NOT SO LONG AGO, everyone seemed to think Greece was about to leave the Euro.

 

Well, it hasn’t. Yet.

 

And remember when Spain’s government was only days away from requesting a formal bailout?

 

Well, it hasn’t. Yet.

 

Never underestimate the power of Europe’s politicians to press the slow-mo button on the single currency car crash.

 

But how long [...]

Forget Three Months: Italy May Have Two Weeks Tops, As “It Already Is Where Spain Is Heading”

 

Yesterday, Austrian finance minister Maria Fekter ruffled the unelected Italian PM’s feather by saying “forget Spain, Italy is next in the bailout line” – a statement which as expected was promptly loudly refuted, mocked, and scorned by everyone possible: the type of reaction that only the truth can possibly generate in Europe. So far so good: after all the typical European reaction to any instance of the truth is loud [...]

Bill Gross thinking Fed could launch QE3 in April

By Adam Button || March 12, 2012 at 17:32 GMT

PIMCO’s Gross not expecting anything from the Fed tomorrow but says the April 25 decision holds promise for a QE3. The “Fed must keep buying bonds that the market doesn’t want,” he says.

The big dogs continue to harp on the likelihood of QE3 while the smaller players don’t see it. Are they just trying to unload bonds, or do they know [...]