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…
The markets surprised me by holding up well around Thursday’s settlement of $61 billion in net new Treasury supply. Either stocks or bonds should have…
The Treasury began to pay off the weekly $25 billion in SFP CMBs this week resulting in a net paydown of $12 billion at Thursday’s…
Purchase mortgage applications fell back to near their recent lows last week, reversing the surge from the previous week. That was caused by the FHA’s…
The Treasury again ran short of cash and yesterday it announced that it would sell $21 billion in 10 day CMBs, which it auctioned today.…
The Treasury again sold less debt than forecast and next week’s calendar will also be lighter than forecast. This trend could last through the balance…
The Treasury sold 13 week and 26 week bills and 3 year notes on Tuesday, and announced the 4 week bill to be auctioned Wednesday.…
In Monday’s news, the Treasury announced that it would sell a 303 day CMB this week, bringing new paper to be added this week from…
The Treasury market found a friendly environment again today, as the Fed prepared to buy more Treasury paper on Tuesday and Wednesday during a window…
The Fed closed out another week of pumping with a direct purchase of $3.65 billion in GSE paper, bringing the total bought on the week…