us employment stats, page-17

Hope Ben Dover is aware of the manufactured "good news" has side effects.I was under the impression that the goal was a lower $US and low
interest rates.(re 10 yr US treasuries).
Well ol' mate failed last night,and I reckon that if the world bond prices and associated derivatives get out of kilter,then he might just have to look for that bottle of Scotch and that revolver kept in the top left hand drawer.
So,even the likes of the Filth don't have it 100% all their way.
Addicted to ridiculous low interest rates make have some nasty side effects.?
Gold/silver put up a good fight after the hit.

Profits to all.BMD

www.zerohedge.com

Another Friday, another green close (now ten in a row) as Treasuries suffer their biggest weekly yield rise in a year. Another new-er-er all-time nominal high for the Dow but Nasdaq was the winner on the week (+2.7%) against a cluster of the rest at +2.4%. Volume was sub-par at best, trade-size low, and market breadth diverged bearishly but that didn't matter. Financials, Consumer Discretionary (and builders) were the sectoral winners up around 4%. Away from stocks, things are moving quite seriously: the USD is up for 5 weeks in a row - its biggest 5-week run in 9 months (and highest in 9 months); WTI crude outperformed in commodities (despite the USD strength) back up to 6-week highs; JPY had its worst (which is good apparently) week in 23 months losing 2.5% against the USD back to almost 4-year lows; Silver and Gold had their best (and only positive) week in 5 weeks. Credit markets (like TSYs) played catch up and snapped tighter on the week (even though HYG tended to underperform). VIX did drift lower (-0.5 vols to 12.5%) but remains well north of where stocks would expect. The much-vaunted late-day ramp came as usual and lifted all the indices to their opening (post-NFP spike) highs. As a gentle reminder, the Dow is up 613 points in 9 days - that is all.

Bonds suffer biggest weekly yield jump in a year...