German Bond Auction Failure Today

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Old Nov 23, 2011, 4:15pm   #1
 
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German Bond Auction Failure Today

German Bond auction fails to attract sufficient buyers - is this a worrying development in the ongoing Eu crisis - ie - is the market going straight for the heart now after wounding the peripheraral body parts of the Eu ?

Germany's Bond-Auction Fail: Here's What It Means - MarketBeat - WSJ

The centre is not holding: German bond auction falls short | TradingFloor.com

G/L
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Old Nov 23, 2011, 4:22pm   #2
 
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re: German Bond Auction Failure Today

No, this is the mkt giving up on the EUR... Nobody wants to own anything, esp if it's EUR-denominated.
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Old Nov 23, 2011, 4:38pm   #3
 
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re: German Bond Auction Failure Today

bbmac started this thread Certainly Eurusd has reacted accordingly today with a downside breech of daily support and ascending trend line.,...daily candle not closed yet of course but looking very bearish so far. How keen will Germanuy be now for ECB to be active in bond market ? - might this be a precursor to the long anticipated 'big bazooka' / game changing/get ahead of the curve by the Eu politicians ?

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No, this is the mkt giving up on the EUR... Nobody wants to own anything, esp if it's EUR-denominated.
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Old Nov 23, 2011, 5:10pm   #4
 
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re: German Bond Auction Failure Today

Any seasoned trader who has made big money in trading world would be able to tell you that EUR is going to die.

It never picked up steam from the very time it was launched. The yearly chart looks like a failed IPO.
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Old Nov 23, 2011, 5:21pm   #5
 
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re: German Bond Auction Failure Today

This is merely investors way of telling the central banks to sort their sh1t out.
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Old Nov 23, 2011, 5:44pm   #6
 
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re: German Bond Auction Failure Today

This is investors (quite rightly) saying to Governments that because of all this inflation you are creating we want higher interest rates for our loans to you. The Governments are saying f*ck you, we’ll just get our Central Banks to print up the money and buy our debt so we can continue to borrow and spend cheaply and recklessly, suck on that gold standard!
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Old Nov 23, 2011, 7:12pm   #7
 
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re: German Bond Auction Failure Today

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Originally Posted by new_trader View Post
This is investors (quite rightly) saying to Governments that because of all this inflation you are creating we want higher interest rates for our loans to you. The Governments are saying f*ck you, we’ll just get our Central Banks to print up the money and buy our debt so we can continue to borrow and spend cheaply and recklessly, suck on that gold standard!
Inflation? In the EMU? What planet are you on, n_t? Furthermore, what does this rant have to do with German debt? The ECB is NOT printing the money and NOT buying German bonds.

I know you have strong views on these subjects, but don't you think it's sometimes appropriate to think before you start with the slogans?
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