rick santelli

Early today, Rick Santelli pulled up a chart of SHIBOR on CNBC. ZeroHedge is also covering this story. Short-term interests rates in China are soaring, hitting multi-year highs. The volatility has been tremendous as SHIBOR has gone from 2.5% to 7.3% in a few short days. The implications of this...

The 30 year auction just ended and Rick Santelli gave it an A+, as the auction went much better than expected. The bid to cover on the auction was 2.74, well above the 2.66 average that a 30 year auction has. It has a yield of 4.41%, below where yields have been. Stocks are starting to move...

The results from the bond auction today were not as bad as feared, although yields did continue to climb. The yields on the $21 billion auction of 10 year U.S. Treasury came in at 3.34% There was a 2.92 bid to cover on the auction, which is below the average of 3.1 Rick Santelli gave the auction a...

The latest Treasury auction was "ugly", according to Rick Santelli, who gave it a grade of D-. The bid to cover was 2.32-1 for the 30 year auction. The yield is now 4.32% on the long bond. ProShares UltraShort 20+ Year Treasury (NYSE: TBT) is up sharply on this news, gaining 71 cents to $37.20, a...

I reported minutes ago about the crash in the overall market; whether this was a flood of legitimate volume and selling pressure or not, that has pushed traders into their animalistic mode. Buyers are coming in for stocks and there is a general consensus that if you don’t put some money to work...