WSE Pro – FCB Pullback

The Fed added $1.5 billion to the liquidity pool on Friday doing $4 billion in weekend repos against $2.5 billion in expirations. The 5 day net rose to an add of $2.43 billion. Next week’s Treasury refunding will include a short term $25 billion paydown settling the following week, but that will be absorbed within two weeks with big increases in the size of the bill auctions, particularly the 4 week bills. Click here to download complete report in pdf format (Professional Edition Subscribers).

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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