Friday, April 11, 2014

The Little Bond That Could $ZROZ

Check out this chart from for ZROZ

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1 comment:

theyenguy said...

Yes it was the debt that could and did.

Aggregate Credit, AGG, traded higher, but resides below its April 10, 2014 high, as the Interest Rate on the US Ten Year Note, ^TNX, traded lower to 2.66%, which, together with the 10:30 US Sovereign Debt Yield Curve, $TNX:$TYX, flattened, as is seen in the Steepner ETF, STPP, flattening, drove the Zeroes, ZROZ, ... ... 30 Year US Government Bonds, EDV, and the 10 Year US Notes, TLT, parabolically higher, to what is likely their rally highs. Of note, the ongoing Yahoo Finance Chart of these US Debt Instruments shows that the Zeroes, ZROZ, have soared twelve percent in value since the first of the year. Emerging Market Local Currency Bonds, EMLC, Emerging Market Bonds, EMB, Emerging Market Corporate Bonds, EMCD, Chinese Bonds, DSUM, traded lower, on the lower Emerging Market Currencies, CEW. European Credit, EU, traded lower from its all time high, evidencing failure of credit in the Eurozone.

One can follow the ongoing failure of credit with this Finviz Screener of Credit ETFs ... ...

And one can follow the ongoing debt deflation and failure of currencies with this Finviz Screener of Equity ETFs

The week ending April 25, 2014, marked a pivotal week in the world’s economic history, as currencies are no longer floating, they are sinking, with the result that a see saw destruction of equity investments and credit investments has commenced; democratic nation state governance will soon literally crumble. The age of credit is history; the age of debt servitude has commenced.