Tax receipts are not keeping up with the Treasury Borrowing Advisory Committee (TBAC) forecast.
Apparently seeing revenues falling well short of forecasts, the US Treasury today announced a surprise $20 billion Cash Management Bill (CMB). This bill was not…
The following paragraphs are free excerpts from today’s Wall Street Examiner Professional Edition Treasury update. The subscriber link to the complete report is below. As…
The Treasury market buying panic continued this week with technical signs pointing to a 10 year yield possibly as low as 1.80, or even 1.60.…
The Treasury announced today that its 4 week bill will be $35 billion instead of $23 billion as forecast just last week by the TBAC.…
So the debt ceiling thing is “solved” but that may have been the least of the market’s problems. If my numbers are correct, the Treasury…
Here comes the deluge I warned about, starting with a $20 billion Treasury Cash Management Bill to be issued tomorrow. The 3, 10, and 30 year paper will be as originally scheduled. Watch out for more CMBs, and/or much larger 13 and 26 week bills than p…
The key liquidity indicators outside of the Fed itself, including commercial bank and foreign central bank purchases of Treasuries and Agencies, large domestic bank trading…
And soon it will end. Then what? The Treasury calendar was heavy this week, with 3 and 10 year notes and 30 year bonds auctioned…
The US Treasury, running short of cash, announced a $15 billion, 6 day cash management bill to carry it through to June 15 tax collections…
