Markets STARTED TO PANIC Only after increase in short term yields. THAT IS HAPPENING now...

T-bill yield spikes to levels not seen since financial crisis



The one-month U.S. Treasury bill yield spiked to a multiyear high on Tuesday amid mounting concerns that the U.S. may not fulfill its payment obligations to short-term bond holders.
The yield on the one-month T-bill traded as high as 0.322 percent, levels not seen since the fourth quarter of 2008, before settling at 0.273 percent, according to data from Thomson Reuters. The yield stood at 0.083 at the start of the month.

Nervousness over the looming debt ceiling deadline was reflected in the Treasury Department's auction Tuesday of $30 billion worth of one-month bills at an interest rate of 0.35 percent – the highest one-month federal borrowing cost since October 2008...

more:
[link to www.cnbc.com]

related thread:

Thread: *** MARKET ALERT *** Crash of U.S. Equity and Debt markets being predicted by 90-day T-Bill yield

Obozos playing the fiddle as Rome burns....

hmm.... 0.322

Wait til opening bell.

Market declines are created so that Wall Street can buy equities at discounted prices from the suckers who panic and then sell them back to the same suckers when the market recovers

It is done, the system is broken and the Stock market will be no more.

With interest payments being $20 billion a month, and income of $200 billion a month, how can King Barry say we are going to default on our debt. Last time I looked $200 billion was more than enough to pay a $20 billion debt service payment. The only way that brings a default is if he blows all the money on bull-shit before paying the bills.

My observation is that this is the case. Might not be this time, but has been in the past.

^^^THIS^^^

How many "shutdowns" in the last 30 years to "prevent" unsustainable debt? And here we are in a depression thanks to unsustainable debt...

These "shutdowns" are big money makers for the insiders in CONgress and those who have back-channels to them.

Global Dow has not crashed.

[link to online.wsj.com]

DOW Futures all GREEN!!!

Where is the crash?

Debt default is the only way for a market correction which is desperately needed. QE from the fed controls the markets too much for a blameless retraction.

I hope they can print some more time, more time to prepare!

3 minutes to go

Good morning Strongman, nice to see you submitting new threads! I check into GLP once in a while and have missed you. I guess we are both still expecting worldwide financial meltdown, any day now ( for the last four years) LOL, I can not believe that the economy here in the US is as good as it is, and I am still expecting HUGE DOOM......
Nice to see you- take care!

^ Winner

You really dont expect anything untoward from this manipulated pig of a market on a day they announce a new Fed chairman do you?

He likes to threaten to get his way.

The top do all the buying and selling...the bottom....follow along and speculate.

When your demand for bonds is greater than supply....yields drop

When your demand for bonds is less than supply....yields rise.

They are dumping short term bonds...watch for yields to invert.

When short yields spike above long yields...like on the 10 year.

A recession or collapse....follows when?

Last time it took about a year until the collapse.

In 2008.

But since the economy is so weak...the usual cycle by the top...might be broken....and the collapse will happen quick.

Warren Buffet began dumping all he bought in 2008...earlier in the year.

this blaming of Obamka is getting old

do you understand how long and deep this goes?

this is older and deeper than 6 years of obama

understand this

THE ECONOMIC SYSTEM, AS WE KNOW IT, IS DEAD

AND THEY CAN'T FIX IT

any politically brokered deal is only going to prolong the agony

raise Debt Ceiling only makes USD worthless!@!!!

Obama always helps China GOV!!!

Obama doesn't quit QE save China from collapse!!
Obama doesn't strike Syria helps China profits in Syria and Iran!!!!

Obama is alway on the side of China . Helps China GOV for 6 years by selling American people profit!!!

The yield on the one month treasury bill is already higher than the one year treasury note...

Yields began to invert at the end of last week...

1 Month T-Bill .35%
1 Year Treasury Note .11%

Last Edited by Saddletramp on 10/09/2013 10:13 AM

No expenses like federal workers or military pay. They all work for free during national emergencies. Just feed them occasionally from the huge MRE stockpiles the govt has in reserve.

see

Thread: Reason Gold Always Gets Hit Hard

The banksters\' biggest threat is actually through the immense global derivatives markets, although the American Banker piece does not say so explicitly, rather talking of \"repos\". Repurchase agreements, by which derivatives counterparties place collateral which supposedly backs the payment flows they are \"swapping\", overwhelmingly use short-term Treasury notes and bills, currently some $600 billion worth of liquidity, in the derivatives bubbles

A default on any part of any class of Treasury security would \"freeze\" the use of that class, at least, in \"repo\" operations, set bank counterparties to demanding additional collateral from each other, and wreak havoc through the derivatives markets in a bigger \"Lehman event.\".

The yield on one-month Treasuries began surging Oct. 1.

[link to larouchepac.com]

The Trouble is in all the unfunded liabilities...Social Security, Medicare, Obamacare!!!

And now Government Pensions since they've stolen all of the money out of there...

Last Edited by Saddletramp on 10/09/2013 10:35 AM

Well, that would never happen, would it?

"A beginning is a very delicate time"... indeed.

The real universe is always one step beyond logic...