A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Maturities ’
US Treasurys Rally On Greece Fears; Yields Test Historic Lows – Wall Street Journal
BloombergUS Treasurys Rally On Greece Fears; Yields Test Historic LowsWall Street JournalBy Cynthia Lin Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The global scramble for safe-haven assets sparked by Greece's political shuffle is firing up deman...
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Liquidity Tide Continues To Rise As Fed Falls Behind The Inflation Curve
This is an extended free excerpt from the Professional Edition Fed Report. The composite liquidity indicator rose slightly last week, on a mixed performance of its components. The uptrend in the indicator has continued at a steady pace since it broke out in March. Over the course of this latest surge, most of the...
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The Fed’s Painted into a Corner, With a Risky and Long Duration Portfolio
Two minute Radio Free Wall Street clip. Although the Fed’s Bullard is largely irrelevant as a voting member of the Fed, what he says is not. He said the central bank is on pause, and more stimulus is not currently warranted. On the balance sheet, Bullard commented that the Fed has taken substantial risks and he...
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Foreign central banks cut US treasuries
Last updated:December 30, 2011 7:20 pm
Foreign central banks cut US treasuries
By Michael Mackenzie in New York
Holdings of US Treasuries by foreign central banks has fallen by a record amount over the past four weeks according to the latest Federal ...
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CBO on Tobin Tax – "Don’t do it!’
The Congressional Budget Office (CBO) explored the consequences of a Tobin tax, after it was asked to throw in its two cents in regarding proposed legislation, H.R. 3313 / S. 1787. The proposed new law has a very catch title:
“Wall Street Trading a...
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The Financial World has Twisted itself into a Curious Shape
In both Europe and America the financial sector has been on the edge of disaster for the last three years. Each time a crisis flares up, the fixers rush in with a remedy. Bailouts, TARPs, TALFs, ZIRPs, QEI, QEII and now the ‘twist’.
In its lat...
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Gross’ PIMCO makes a big move into mortgages
Gross' PIMCO makes a big move into mortgages
October 12, 2011 – By Jennifer Ablan
NEW YORK (Reuters) - Bill Gross, manager of the world's largest bond fund, ramped up buying of mortgage-backed securities in September on the likelihood the Federa...
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ECB Ready to Act! If things get worse. Or something like that.
The ECB has indicated that it's really ready to think about doing something as early as next month!
They might lower interest rates or do some debt thingy!
"The European Central Bank may act to address risks to growth as soon as next month should con...
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FED Says "Twist"…Market Says "Where is our PUT"
Looks like the market is starting to realize that the days of the Greenspan/Bernanke "Put Option" are OVER. $400 billion swap to longer maturities...and the market says "that is it?"
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Analysis: As debt maturities loom, U.S. needs to extend
Analysis: As debt maturities loom, U.S. needs to extend
On Thursday September 1, 2011, 12:09 pm EDT
By Karen Brettell
NEW YORK (Reuters) - Insatiable demand for safe haven U.S. government bonds is helping mask a potentially huge financial problem --...
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Investors: Looking at a Post Debt Ceiling Crisis World
Global Economic Intersection article of the week
With the debt ceiling extended, the risk of a catastrophic automatic pro cyclical Treasury response, as previously discussed, has been removed.
What's left is the muddling through with modest topline growth scenario we've had all year.
With a budget deficit humming...
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Money Market Funds Prepare for Redemption Onslaught
NEW YORK (TheStreet) -- Money market funds investing in U.S. Treasuries have been drastically reducing maturities in recent days, amid fear that the prospect of a government default may lead to a wave of redemptions.
Government money markets have...
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Money Market Funds Prepare for Redemption Onslaught
NEW YORK (TheStreet) -- Money market funds investing in U.S. Treasuries have been drastically reducing maturities in recent days, amid fear that the prospect of a government default may lead to a wave of redemptions.
Government money markets have...
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Portugal’s PM just resigned, over budget negotiations
Bloomberg link
Excerpts:
Portuguese Prime Minister Jose Socrates said he presented his resignation to President Anibal Cavaco Silva after parliament rejected the government’s deficit- cutting plan, raising the chance of an international bailout.
...
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Fed Feeds Vicious Spiral – Professional Edition
The Fed’s balance sheet shrank dramatically last week as MBS prepayments, GSE maturities, alphabet soup paydowns, and shrinkage of that murky and mysterious “Other” category outraced the beginning of the Fed’s direct purchases of Treasuries. If the current pace of MBS payoffs continues, and it’s likely to as long as competing rates of return...
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Cash Trumps Fear- Professional Edition
We got to see the effect of the Fed’s first round of permanent open market operations in the new balance sheet stabilization program this week when it bought $2.55 billion of Treasuries in 4 to 6 year maturities on Tuesday. Another purchase is set for tomorrow. Click here to download complete report in pdf...
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Liquidity Crisis Approaches
The Fed’s balance sheet took a big jump last week as settlements of forward MBS purchases more than offset reductions in the alphabet soup programs being shut down as well as the little noticed roll off of some maturing GSE paper. GSE maturities totaling $29 billion over the next year will play a small...
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Fed Begins Cutback, Treasury Market Rocked – Professional Edition
The Treasury announced next week’s auction schedule on Thursday. The combination of big new supply in the intermediate and longer maturities, along with the market’s awareness that the Fed will be gradually cutting back and ending its longer term Treasury purchase program over the next 7 weeks, rocked the Treasury market on Friday. The...
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Actionable The Sugar High
In addition to a housing overshoot, the sugar high market is going to have to deal with a commercial real estate financing crisis over the duration of 2009 when $178 billion in maturities come due. This is against the backdrop of a CMBS market that has not put forth even one new issue in...
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Fed Announces Treasury Purchase Schedule
The 10 year note rallied sharply this afternoon when the Fed announced that it would begin its program of purchasing $300 billion of longer term Treasuries on Wednesday. Maturities to be purchased will be in the 7 to 10 year range. Operations will be conducted only with the Primary Dealers. These operations will add...
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