Tag Archive for T News

Deconstructing The “Massive Beat” in Employment Data- Corrected

Editor’s Note: The earlier version of this article included unadjusted numbers derived from a spreadsheet error. The error resulted in the not seasonally adjusted month to month employment declines being understated. The data has been corrected. The analysis and conclusions are unaffected. Thanks to rdkyote for bringing this to my attention! The headlines are blaring…

Score One For US! Professional Edition

The Treasury issued its refunding statement on Monday, followed by the Treasury Borrowing Advisory Committee quarterly report on Tuesday. The statement recognized the reduction in first quarter offerings by $86 billion to $392 billion. This was essentially a recognition of the January reduction that resulted from the Treasury’s excess cash holdings at the end of…