Menu Close

They Wouldn’t Do That, Would They? Professional Edition

The Treasury announced another CMB, along with the usual 4 week bill. The two will add a total of $40 billion in new supply to be auctioned tomorrow and settled Thursday. That should make for some ugliness. Making matters worse however, will be Wednesday’s announcement of 3 and 10 year notes and 30 year bonds to be auctioned next week. Look for a ton of new supply in those. One of these days Alice, we can probably look forward to more weeks where new supply exceeds $100 billion, like last October, and we know what happened then.

Today however, some well timed fear mongering by Barrons over the weekend reignited the buying panic into Treasuries. You don’t think that has anything to do with next week’s massive refunding of long term Treasury paper do you? 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.

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading