The Treasury paid down debt at this week’s auctions in spite of adding a 189 day CMB. The paydown of $22 billion put cash back in the accounts of the holders, adding to the Fed’s $72 billion in MBS settlements in the mid October settlement window for those. The Fed also added its usual $11 billion in weekly Treasury purchases, creating an overwhelmingly bullish environment which impacted both the bond and stock markets.
After that performance and the ending of the government shutdown, what do we have to look forward to. This report provides some answers. For a free excerpt see – Banks Earnings Disappoint But Here’s Why That Was (Or Should Have Been) No Surprise.
Table of Contents
Week Just Completed
Treasury Auction Takedowns By Investor Class
Primary Dealer Trading
Foreign Central Banks
ECB And The Treasury Market
Bond Fund Flows
Bank Purchases Of Treasuries
Federal Government Cash Flows
10 Year Treasury Yield
US($) Dolor Index
Click here to download complete report in pdf format (Professional Edition Subscribers) including 36 pages of charts and clear, cutting edge analysis that you can use to gain an edge in the market. 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. 30 day risk free trial for new subscribers. Click here for more information.
Do you believe that liquidity moves markets?Then click here to learn how you can follow the money.
Enter your email address in the form to receive email notification when Professional Edition reports are posted.