Liquidity Trader Pro Complete

Reports on the Fed and Treasury, primary dealers, foreign central banks, money market and mutual fund flows, and other factors that affect market liquidity. Includes all reports from Federal Revenues Pro Trader, Macroliquidity Pro Trader, and Treasury Supply and Demand Pro Trader. Click here to subscribe. Subscribers, click the post headline to access reports.

Fed Pulls Plug

This is a brief update of yesterday’s Professional Edition Fed Report weekly roundup. The Fed today pulled $8 billion out of the system with a weekend repo of $3.25 billion against expirations of $11.25 billion, bringing the 5 day net drain to $12.35 billion, including the adjustments for reductions in the PDCF and Discount Window…

Promises Promises – WSE Pro Fed Report

The Treasury announced that tomorrow’s 4 week bill auction would total a stunning $32 billion. The government’s borrowing needs are already outstripping the TBAC’s vastly increased estimates made just 3 weeks ago. The market is relatively unfazed however. T-bill rates rose only modestly as a huge indirect bid showed up at today’s auctions. That suggests…