Primary Dealers Dump Treasuries While Public Buys – Professional Edition

Here are just 3 of 11 key bullet points discussed and illustrated in charts and tables in this report.

  • The 10 year Treasury yield is again pushing resistance at 2%, apparently poised for a breakout, which would have an initial target of 2.35 to 2.40
  • Public buying and foreign central bank (FCB) buying remained bullish factors but the bigger concern is massive Primary Dealer selling.
  • Primary Dealers sold Treasuries heavily in early February. They went short the 10 year Treasury for the first time in years. They have reduced their longer term Treasury net long position by 74% since the beginning of the year. They immediately dumped inventory acquired at the late January Treasury note and bond auctions.

Table of Contents

Treasury Auctions
Week Just Completed
Week Ahead
Treasury Auction Takedowns By Investor Class
Primary Dealer Treasury Holdings
Bond Fund Flows
Bank Holdings of Treasuries
Federal Government Cash Position, Revenues and Outlays
Economic Data Schedule
10 Year Treasury Yield
US($) Dolor Index

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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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