It Looks Like The Bond Market Just Broke

en Bloodbath in Asian Markets Today; It Looks Like The Bond Market Just Broke ABSOLUTE BLOODBATH IN MARKETS TODAY!! OVER $1,000,000,000,000.00 HAS BEEN WIPED OUT FROM ASIAN STOCK MARKETS IN JUST 30 MINUTES AT OPEN. KOREA: -5.5% CHINA: -3.5% JAPAN: -3.1% TAIWAN: -2.1% CHINA AND JAPAN ARE NOW DUMPING U.S. TREASURIES TO COVER THE DAMAGE… The Bond Market Just Broke: Today, the US Treasury admitted the long end of the bond market is broken. Nobody wanted the 10-year, 20-year, or 30-year debt. The 30-year yield just slammed into its highest level since 2007 (peaking near 5.33%). So what did they do? They announced they’re AT LEAST DOUBLING their liquidity buybacks of those exact long-term bonds, from a $2 billion max per operation to $4 billion+ starting September 9. They’re literally borrowing short-term money to buy back their own long-term debt. Classic desperation move. Bond prices spiked, yields crashed 9-10 bps, and futures ripped higher the second the news dropped. Meanwhile Japan, …