Ce cri auquel Yellen n’a pas répondu c’est :

On veut du dollar, du dollar en toute quantité, pour tout le monde.

Le Quantitative Tightening se poursuit avec le deleveraging, les rachats sur le yen et l’euro, la chute des réserves des ex-créditeurs, la poursuite de la chute du pétrole, la contraction de la liquidité, la nécessité de réduire l’exposition au risk et l’envol du coût des assurances.

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Le rendement du 10 ans us rejoint les niveaux de crise à 1,62%

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« The dollar plunged to levels not seen in more than a year against the yen on Thursday as investors took the view that Federal Reserve Chairwoman Janet Yellen wasn’t dovish enough in her testimony on Capitol Hill.

Simon Smith, chief economist at FxPro said that the dollar/yen level is the lowest since October 2014. The euro EURUSD, +0.3720% traded at $1.1329 from $1.1269 late Wednesday.

Yellen will return to Capitol Hill on Thursday.

Dow industrial futures YMH6, -1.59% tumbled 300 points and oil prices CLH6, -2.30% dropped below $27 a barrel as gold prices GCJ6, +3.84% surged $22.60 to $1,217.20 an ounce.

Meanwhile, the Swedish Riksbank cut its repo rate to a negative 0.5% from a negative 0.35%, citing low inflation risks, and the Swedish krona USDSEK, -0.0871% fell against the dollar, buying 8.4346 krona.

Read: Worried about stocks? Keep an eye on the yen »

EN PRIME SUR LA CHUTE DES RESERVES MONETAIRES MONDIALES

Investor Kyle Bass said Wednesday that China’s liquid foreign reserves are “already below a critical level,” intensifying a debate over China’s ability to keep its currency from falling.

Bass, whose Hayman Capital Management LP has a multibillion-dollar bet that the yuan and Hong Kong dollar will fall, told clients in a letter that his firm estimates that China’s liquid foreign reserves are $2.2 trillion at most. That compares with the $3.23 trillion reported by the People’s Bank of China, the central bank, for the end of January.

The comments from the Dallas hedge-fund manager highlight mounting investor unease about the degree to which the official Chinese number reflects reserves the nation can quickly use to prop up the value of its currency.