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.

Weekly and Monthly Federal Tax Data Show Slight Pickup

Real time withholding tax collection data rebounded in recent weeks and no longer show the US economy contracting. However, the trend of the growth rate remains down. The data has made lower highs and lower lows since last August. The full month’s data for March in both withholding and other Federal taxes is now in…

Macroliquidity Growth Accelerates, Lifting Stock Prices and Market Sentiment

Macroliquidity rests just below the highs set a few weeks ago as the Fed is in the usual hiatus between its regular monthly MBS settlements that occur around mid month. The markets have fended quite well thank you without the Fed’s help and must continue to do so until mid April. Since the middle of…

Negative Supply and Demand Factors For Bonds Are Just As Bad For Stocks

Last week the Treasury cut back the supply of the 4 week bills to $55 billion from $60 billion. Today they just announced another cut, to $45 billion. As a result of continuing massive demand for short government paper, the 4 week bill rate broke down from its range and closed at 18 basis points…