German Bond Auction Failure Today

bbmac · Nov 23, 2011, 11:15am

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

Martinghoul · Nov 23, 2011, 11:22am

No, this is the mkt giving up on the EUR... Nobody wants to own anything, esp if it's EUR-denominated.

bbmac · Nov 23, 2011, 11:38am

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 ?

G/L

Quote:

Originally Posted by Martinghoul

No, this is the mkt giving up on the EUR... Nobody wants to own anything, esp if it's EUR-denominated.

safvan · Nov 23, 2011, 12:10pm

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.

DionysusToast · Nov 23, 2011, 12:21pm

This is merely investors way of telling the central banks to sort their sh1t out.

new_trader · Nov 23, 2011, 12:44pm

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!

Martinghoul · Nov 23, 2011, 2:12pm

Quote:

Originally Posted by new_trader

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?

Martinghoul · Nov 23, 2011, 2:13pm

Quote:

Originally Posted by bbmac

might this be a precursor to the long anticipated 'big bazooka' / game changing/get ahead of the curve by the Eu politicians ?

G/L

Who knows? Maybe...

Nov 23, 2011, 11:15am	#1
bbmac Legendary Member Member Since Jan 2003 3,589 Posts	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 __________________ *I can stand the despair - it's the hope I can't manage (John Cleese - Clockwork.)* Last edited by bbmac; Nov 23, 2011 at 11:33am.

Nov 23, 2011, 11:22am	#2
Martinghoul Legendary Member Member Since Feb 2009 2,456 Posts	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. __________________ "Insofar as I may be heard by anything, which may or may not care what I say, I ask, if it matters, that you be forgiven for anything you may have done or failed to do which requires forgiveness."

Nov 23, 2011, 12:10pm	#4
safvan Veteran Member Member Since Oct 2010 520 Posts	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.

Nov 23, 2011, 12:21pm	#5
DionysusToast Legendary Member Member Since Dec 2009 5,536 Posts	re: German Bond Auction Failure Today This is merely investors way of telling the central banks to sort their sh1t out. __________________ I cannot see., however why we should expect to find a "system" which will work in the stock market; surely the possibilities of profits for the student justify the time and effort required to learn market interpretation. Humphrey B Neill - 1931

Nov 23, 2011, 12:44pm	#6
new_trader Legendary Member Member Since Jan 2006 5,340 Posts	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 fck 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! __________________ "It always pays a man to be right at the right time."* -Jesse Livermore CLICK - My Trading Journal \| SEARCH: soundmoneyproject \|

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