JPMorgan Tightens Bond Grip as Whale Loss WeighsBloombergJPMorgan Chase & Co. is tightening its grip on the global corporate bond market while Bank of America Corp. sees its market share decline with issuance on pace to exceed $3 trillion for a fou…
BRUSSELS — The European Commission cautioned the new French president against overspending in trying to spur growth and warned that Spain still had a long…
368%: The jump since 2007 in the measure of consumer credit held by the government comprised primarily of student loans. If a student loan bubble…
BloombergUS Treasury Studies Floating-Rate Benefit, Decision LaterBloombergThe US Treasury Department said it sees benefits in the issuance of floating-rate notes, while a decision will be made “at a later date.” The government also said it plans t…
Treasury supply was in line with the TBAC forecast in the week just completed, but there are signs in weak tax withholding that suggest possible…
Treasury supply was in line with the TBAC forecast in the week just completed, and it should again be in line next week. The market…
This week our leaders in D.C. extended the payroll tax deduction for another ten months. The new law also extends Unemployment Benefits, and it allows for a continuation of the old payouts to Doctors for Medicare reimbursements. The cost of the legis…
I mentioned in my last free report that the bulge in withholding tax collections which may have been a tipoff to the better than expected…
Liquidity indications were neutral this week, thanks to ongoing panic inflows of cash from Europe, as well as the fact that the Fed finally started…
Liquidity indications were mixed this week, with the Fed still not doing much while foreign central banks were net sellers (see Treasury update). Commercial banks…