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.

It’s The Liquidity, Stupid

Folks like to attribute the market’s movements to news. The only problem is that sometimes the news seems to matter and other times, the market seems to ignore it. That’s because news is noise. The market marches to the drums of liquidity, cycles, and dare I say it, pigman manipulation. As far as this time…

Treasury Coming Up Short

by Steve Northwood The Treasury is coming to market for an additional $5 billion in the 4 week auction ($26 billion vs $21 billion maturing). That flys against what was expected. They had been expected to pay down some on the 4 week and cover their needs with a shorter term Cash Management Bill (CMB).…