The stock market rallied like a madman at the end of the week and bonds were also in rally mode for most of the week.…
While Treasury supply will be lighter in the first quarter, signs of weakening demand from banks and foreign central banks could spell trouble for both…
Both the dollar and the 10 year Treasury yield remain range bound. While they show little sign of breaking out, cyclicality favors an upside breakout…
As the dollar challenges the highs, the 10 year yield has sunk back into the middle of its long term trading range. Here are the…
The Treasury settles $36 billion in new note supply on Monday, wrapping up 2 days where it settled a total of $100 billion in net…
The 10 year yield turned up and the dollar rallied last week. We’re going to hear a loud and clear claim for the blame. As…
The problem we have been anticipating is here. The debt ceiling deal is done and the Treasury is clawing back the $140 billion it had…
This is even more important than the FOMC announcement. Now that the debt limit deal is all but signed, sealed, and delivered, the Treasury will begin to claw back some of the $140 billion in cash it paid to dealers and other investors who held expiring 4 week bills, and maturing 2 year notes that were not rolled over since September 15,
The wild rangebound volatility in Treasuries and the US dollar continued over the past week.
$33 billion in Treasury paydowns last week helped to boost prices for all of one day—from mid day Thursday to mid day Friday, and that…