Here We Go Again: IAEA Says Fuel Rods Exposed In Units 4, 5 And 6, Total Of 4 Units Have Core Damage, Situation "Very Serious"

Submitted by Tyler Durden on 03/16/2011 11:49 -0400

IAEA SAYS CORE DAMAGE AT UNITS 1-3 CONFIRMED, SITUATION "VERY SERIOUS"
IAEA SAYS FUEL RODS EXPOSED IN UNITS 4, 5 AND 6
IAEA SAYS HIGHER RADIATION LEVELS FROM DAMAGED JAPAN REACTORS
IAEA SAYS TOTAL OF 4 JAPAN UNITS HAVE CORE DAMAGE

 

BREAKING: EU Energy Chief Says Possible Catastrophic Events In Next Hours, Mini Flash Crash Follows

Submitted by Tyler Durden on 03/16/2011 10:59 -0400

Trust the EU to come in prancing with all the grace of a shroomed up, drunk bull in a nitroglycerin store.

• EU Energy Chief says possible catastrophic events in next hours
• EU's Energy chief says situation at Japan nuclear plant is out of control

As a reminder here is how one says the same, but just a little more diplomatically:

• IAEA sasy Japanese authorities have reported concerns about condition of spent nuclear fuel pool at Fukushima Daiichi units 3 and 4

More Headline Risk: US Energy Secretary Chu Says US Believes "Partial Meltdown" Has Occurred

Submitted by Tyler Durden on 03/16/2011 11:20 -0400

Can one spell headline risk:

• CHU SAYS U.S. THINKS `PARTIAL MELTDOWN' HAS OCCURRED
• SPENT FUEL POOLS CHIEF THREAT TO ENVIRONMENT, UCS SAYS
• SPENT FUEL POOLS HAVE SHORTEST `PATHWAY' TO AIR, UCS SAYS

USDJPY Plunging, Drops To 16 Year Low

Submitted by Tyler Durden on 03/16/2011 12:05 -0400

If this goes below 80, and it is about 10 pip away, it may get quite interesting, as a lot of derivative waterfall stops are located there. That the BOJ has still not intervened is very troubling. And the latest bad news from Japan: Tokyo Electric Power says water temperature at No. 5, and No. 6 reactors rising, was double normal level at 0500 GMT 

 

 

 

POMO Closes, Fed Buys $6.6 Billion In 5 Year Bonds

Submitted by Tyler Durden on 03/16/2011 12:11 -0400

The once-delayed POMO has just been completed as Primary Dealers did not have enough clout to delay it for a second time even as the 5 Years was surging. That the most monetized issued was the OTR just issued QJ2 CUSIP should not surprise anyone. 

 

 

 

Japan Is Scrambling to Pull Nuclear Plant Back From Brink

Heroic Japanese Workers Resume
Battle to Stop Nuke Fuel Meltdown