BACKDOC: ALL WE NEED IS AN EVENT TO TAKE THINGS GLOBALLY OVER THE EDGE!
MAYBE THATS THE PLAN TO PURGE THE OLD AND BRING IN THE NEW, OTHERWISE MAJOR BAILOUTS ARE ABOUT TO BE NEEDED!
I READ ON BLOOMBERG TV TONIGHT THAT DRAHGI FROM THE ECB WANTS TO BAN THE BIG NOTES THAT ARE CIRCULATING! HE CLAIMS ITS DUE TO DRUG MONIES! REALLY? MMMMM
WITH CUSHINGS OKLAHOMA REACHING CAPACITY WE COULD BE JUST DAYS AWAY FROM MAXIMUM CAPACITY! OIL WILL THEN GO INTO FREE FALL TO SPOT PRICE WHICH WILL CREATE A CRISIS MOMENT ON OIL PRICES!
GOING TO 18 DOLLARS MAY BE POSSIBLE!
BACKDOC: THE PANIC IS THAT PEOPLE ARE LOOKING FOR SAFETY FOR THEIR MONEY!
LET ME FIRST TO TELL YOU, WHAT THEY SEEK THEY WILL NOT FIND!
YOU CAN RUN BUT YOU CAN'T HIDE DRIVING THAT FIAT! THE DEFLATION BOOGIE MAN IS COMING AND WINNER TAKES ALL!
YOU CAN'T CATCH ME I'M THE ASSET BACKED GINGERBREAD MAN! HEE HEE
Thunderhawk: Global Bond Rally Near `Panic' Level With Japan Yield Below Zero
Worldwide gains in sovereign bonds sent Japan’s benchmark 10-year yield below zero for the first time and have guided U.S. Treasuries to the best start to a year since 1988 as investors seeking the safest assets gorge on government debt.
Yields on Treasury 10-year notes touched the lowest in a year while those on short-dated German securities slid to a record, as U.S. stocks followed shares in Europe and Asia lower. Volatility in Treasuries reached the highest since September as the U.S. sold $24 billion in three-year debt at the lowest yield in almost two years.
There’s now $7 trillion of government debt with yields below zero globally, with the average yield on the Bank of America Merrill Lynch World Sovereign Bond Index at 1.29 percent, the lowest in data going back to 2005. Futures traders pared the odds the Federal Reserve will raise interest rates this year to 32 percent before Chair Janet Yellen begins her two-day testimony to Congress on Wednesday.
“Global risk aversion is being driven by underlying concerns about banks, energy prices and equity markets, and that is one part of what is driving Treasury yields lower,” said Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott LLC in Philadelphia. The other “is genuine expectations of weaker U.S. inflation and economic growth. So Yellen will be huge for the markets this week.”
The benchmark 10-year Treasury yield fell two basis points, or 0.02 percentage point, to 1.73 percent as of 5 p.m. in New York, according to Bloomberg Bond Trader data. It touched 1.68 percent, the lowest since February 2015. The 2.25 percent security due in November 2025 was at 104 22/32.
Treasuries have gained about 3.4 percent in 2016, the most in the same period during any year since 1988, according to Bank of America Merrill Lynch index data.
A gauge of demand at Tuesday’s auction was the least since 2009 as the three-year notes sold at a yield of 0.844 percent, the lowest since March 2014. It was the first of three note and bond sales this week totaling $62 billion.
“This is really specific to how low yields are and what is going on in the front end of the yield curve with the Fed outlook,” said Ian Lyngen, a government-bond strategist at CRT Capital Group LLC in Stamford, Connecticut, referring to Tuesday’s auction demand.
Japan’s 10-year bond yield fell as low as minus 0.035 percent, an unprecedented level for such a maturity in a Group-of-Seven economy. Volatility in the nation’s debt market climbed to the highest since July 2013.
“It’s almost like a panic,” said Hideo Shimomura, the chief fund investor in Tokyo at Mitsubishi UFJ Kokusai Asset Management. “The flight to quality is exaggerated.”
A bond-market measure of inflation expectations known as the 10-year break-even rate fell as low as 1.17 percent, the smallest since March 2009. The gauge, which measures the difference between yields on nominal 10-year notes and inflation-protected securities, ended last year at 1.58 percent.
The bond market’s outlook for inflation over the next decade is too sanguine, according to Pacific Investment Management Co.’s Mark Kiesel.
“There is significant value” in Treasury Inflation Protected Securities, Kiesel, who co-manages Pimco’s Total Return Fund in Newport Beach, California, said in a Bloomberg Television interview Tuesday.
The Fed has failed to get its preferred gauge of inflation to its 2 percent target since 2012. Yet wages are improving. Hourly earnings rose 2.7 percent in December from a year earlier, the most since 2009, according to the Labor Department.
About 29 percent of the debt in the Bloomberg Global Developed Sovereign Bond Index yields less than zero. Switzerland’s 3 percent notes due in 2018 had the lowest yield in the gauge: minus 0.95 percent, according to data compiled by Bloomberg.
The pace of swings in U.S. government-debt yields has been rising, with normalized volatility on three-month options for 10-year U.S. interest-rate swaps, known as 3m10y swaptions, reaching 95 basis points Tuesday, its highest since July. The gauge of volatility on swap rates mirrors movements in options on Treasury futures. Swap rates serve as benchmarks for investors in many types of debt, including securities backed by mortgages and auto loans.
The Bank of America Merrill Lynch’s MOVE Index, which tracks one-month option projections for the pace of swings in Treasuries maturing in two to 30 years, rose to 89.27 Monday, its highest since September 2015.
http://www.bloomberg.com/news/articles/ ... -rate-bets
BACKDOC: THE MORE WE READ THUNDER THE MORE BELIEVABLE THIS TRADING PARTNER OF IRAQ WILL HAVE A COMPATIBLE CURRENCY!
Thunderhawk: Iran petchem output to hit $22b: Zangeneh
Tehran, Feb 9, IRNA – Iranian Minister of Petroleum Bijan Zangeneh said the value of country’s petrochemical production will increase to 18 billion dollars by the end of current year (March 20) from 16 billion dollars and is expected to hit 22 billion dollars in the next two years.
Speaking to media on the 37th anniversary of the Islamic Revolution, he said the achievement has been attained by launching phases 15, 16, 17, and 18 of South Pars Gas Field which provide ethane feedstock of the petrochemical plants.
Zangeneh also said that production of environment-friendly Euro-IV petrol has increased from 2.5 million liters daily to 24 million liters a day since President Hassan Rouhani took office two years ago.
“By launching Phase I of the Persian Gulf Star Refinery, there will be no need to import of petrol,” he added, “By the end of Sixth Economic Development Plan production will increase to 3.2 million liters.”
He referred to the measures taken by the petroleum ministry to lay gas pipelines for domestic consumption in the eastern Sistatan-Baluchestan province, and also said that smuggling of oil products including gas oil has been reduced drastically after its distribution to trucks based on bill of loading.
BACKDOC: THIS IS ACTIVATION IN REAL TIME OF THE GOLDEN TRIANGLE WHICH IS PART OF THE SILK ROAD!
WITH ALL THESE CONTRACTS BEING ACTIVATED NO WONDER THE DOLLAR IS UNDER PRESSURE AND A NEW NARRATIVE WAS NEEDED TO EXPLAIN THIS MASSIVE DE-DOLLARIZATION!
CAN YOU IMAGINE WHAT MIGHT BE WAITING FOR THE DOLLAR ON THE OTHER SIDE OF THE CHINESE NEW YEAR HOLIDAY ON THE 15TH? MMMMM
GUYS, WE COULD BE ONLY DAYS AWAY FROM THE NEW REALITY!
TIME COULD BE SHORT LIKE MINI ME! HEE HEE DOC IMO
Thunderhawk: ACTIVATION of THE GOLDEN TRIANGLE
Russia to Deliver 5,000 Freight Wagons to Iran
Russian manufacturer Uralvagonzavod will supply Iran with 5,000 freight wagons, marking the start of Russian exports to the country after the removal of anti-Tehran sanctions, a newspaper reported Wednesday.
According to the Kommersant, Russia's state development bank Vnesheconombank (VEB) will provide an 11.2-billion-rubles ($140-million) loan to Uralvagonzavod for the matter.
The cars will be developed on the technical task of the Iranian Railways, the paper reported. The deliveries are expected to begin before the end of 2016.
The agreement reportedly comes as part of the VEB’s plans to subsidize the export contracts for the supply of 15 thousand rail cars of different types to Iran, Azerbaijan, Kazakhstan, Egypt and Cuba.
Iran emerged out of international isolation in January, after it was found in compliance with last summer's nuclear agreement, paving way to the termination of EU, UN and partial US sanctions.
Later in January, Iranian Ambassador to Russia Mehdi Sanaei said that Tehran expected that joint Russian-Iranian projects initiated last year will be implemented in 2016. The transport projects discussed between the sides involve large Russian companies and are altogether worth over $25 billion.
https://news.hec.su/item/567480/russia- ... ns-to-iran
BACKDOC: THE TRIANGLE IS COMPLETE!
Mountainman: 'll BET the USA will be "IMITATING" these same Objectives of TRADE w/TPP and Other AGREEMENTS down the NEW GLOBAL HIGHWAY....But for NOW The "AIR" has to DEFLATE for A Little bit LONGER.......Then....BAAMM......Here WE GO!!!!!!!!
This You might say is a ........UNDENIABLE/VERIFIABLE.....REALITY!!!!!!!!....IMO....For those WHO aren't WHERE We are......PURE FEAR.....so HELP them as You UNDERSTAND....What's REALLY GOIN ON!!!!
Thunderhawk: Russia Mulls Trading With China, Iran in National Currencies
Moscow is discussing the possibility of settling payments with Beijing and Tehran in national currencies to intensify agricultural trade, an aide to the head of Russia’s agricultural watchdog Rosselkhoznadzor said.
In November 2015, Russian President Vladimir Putin said Moscow should intensify the use of national currencies in bilateral payments with Iran.
In December 2015, Charge d'Affaires at the Chinese Embassy in Russia Zhang Xiao said that the value of trade between Russia and China could reach the equivalent of $100 billion if the sides used national currencies for mutual payments and modernized the model of bilateral economic cooperation.
"As we know, the [Russian] Finance Ministry is working on creating a scheme [of payments in national currencies]… This issue has been repeatedly discussed at Russian-Chinese negotiations as well as with Iran," Aleksei Alekseenko said an agricultural exhibition in Moscow.
http://siteground243.com/~hiram155/2016 ... urrencies/
Mountainman: Well People/Countries don't "INVEST" Where there is "NO" Potential for "PROFIT"=THEY did "THEIR" Homework......
I'd say These Guys are HAPPY HAPPY HAPPY.......because They are "INTO" A Bright PROSPEROUS FUTURE....for One Another That is!!!!!!!!
Blessings,Hawk.......You guys are Batting A BILLION RIALS.....Thanks Bro Mountainman
Thunderhawk: Iran, Russia sign investment protocol on economic projects
Iranian Deputy Economy Minister Mohammad Khazayee and his Russian counterpart Sergei Storechak in a meeting here on Tuesday signed an investment protocol on joint economic projects between Iran and Russia.
The 15-clause protocol anticipates opening of governmental export credit for economic and industrial projects.
The Iranian and Russian deputy economy ministers underlined the need for the expansion of mutual cooperation in different economic fields and the need for further cooperation and efforts in this regard.
The two sides also exchanged views on financing the industrial projects in the two countries.
Hoot: might i ask backdoc do you think gold and silver will go down ,so we can buy it at a lower price
BACKDOC: AS VALUE RISES WITH THE NEW DIGITAL ASSET-BACKED CURRENCIES GOLD WILL GO DOWN TO MEET IT JUST LIKE THE MARKET IS ABOUT TO DO!
OF COURSE THIS IS MY OPINION AND EVERYONE HAS ONE!
NITE HAWK! AND FAMILY! DOC