Pedro da Costa, maybe the smartest and best reporter covering the Fed, and who seems like a good guy, has a blog post out today…
The Fed was hit with withdrawals of $83.3 billion last Wednesday, the largest withdrawals from its deposit accounts that were not associated with quarterly tax…
The Fed’s H41 report was released this evening. Friday’s report will include a review and analysis of that data. An initial glance at this week’s…
The Fed’s H41 will be posted just after the market close, and we will have a complete review and analysis of that data in tomorrow’s…
The biggest shocker this week came in Thursday night’s H41. Fed credit outstanding virtually collapsed with reductions in alphabet soup programs outpacing direct Fed purchase…
The Treasury finished off a busy week with a 70 day CMB auction that showed no sign of weakening in indirect bidding. That was true…
The pundits are giving credit to the market “reacting favorably” to Geithner’s PIPPICK. I would suggest that the more likely cause is that the Fed…
The tidal wave of Treasury supply overwhelmed the stock market this week. It should never come as a surprise when this happens because the Treasury…
This week’s Fed H41 showed that the Fed’s balance sheet collapse continued. Fed credit has now been down 7 weeks in a row, and the…
Thursday is information overload day. After the market close, the Fed releases sketchy data on all of the week’s behind the scenes machinations, much of…