Fed Not Helping Much- WSE Pro

August 30, 2007

The Fed cut a net of $250 million from the liquidity pool on Thursday with a 6 day repo of $5 billion and a 14 day repo of $5 billion against $10.25 billion in expirations. That makes a 5 day net add of $6.25 billion. That’s still a long way from the $47 billion in net new money which the Treasury is settling today and tomorrow. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

This entry was posted on August 30, 2007 at 4:25 pm and is filed under Money and The Fed, Professional Edition. You can follow any responses to this entry through the RSS 2.0 feed.

2 Responses to Fed Not Helping Much- WSE Pro

Bob S on August 30, 2007 at 8:03 pm

Lee,

I’m curious where you get your 10 year Treasury vs FNMA spread from. Using the data at https://flagship.vanguard.com/VGApp/hnw/FundsBondsMarketSummaryTable, as of this evening I get 57 vs your 49. (I can’t vouch for my source, but it usually yields #’s that tie to what you report.)

Thanks.
Bob S on August 30, 2007 at 8:07 pm

Oops,

In my previous message, the comma I placed after the URL got included, so if you click on it you’ll get an error. Here’s the URL again without the trailing comma:

https://flagship.vanguard.com/VGApp/hnw/FundsBondsMarketSummaryTable