I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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Posts Tagged ‘ Term Paper ’
Italy’s borrowing costs soar at debt sale
Last updated: October 28, 2011 2:39 pm
Italy’s borrowing costs soar at debt sale
By Guy Dinmore in Rome and Rachel Sanderson in Milan and David Oakley in London
Italy issued 10-year debt on Friday but paid the highest price since joining the euro as...
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It’s over. European banks will shut their doors.
It's Over. European banks will shut their doors.
Seriously.
There is persistent chatter about a Greek default over the weekend, which Greece denied, but the denier refused to be named. If it's not true, then put your damned name on the statement or ...
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If Fed Twists, It Won’t Be Like It Did Last Summer
The following is the summary lead-in to the Wall Street Examiner Professional Edition Fed Report. The subscriber link to the full report is below. US banking system measures were mixed last week, allowing the composite macroliquidity index to inch to a new high. The Treasury market continues to act as a black hole absorbing...
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Does Bernanke Have A School Term Paper For Natural Disasters?
The Treasury market settled down this week with 10 year Treasury yields hovering above the critical 2.20% that would signal a resumption of the panic, but below the line at 2.30, a breakout of which would signal an upside reversal. The market faced heavy supply and took it in stride this week, with help...
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Foreign Central Banks Disappear From Treasury Bill Auctions
The indirect bids at today’s 13 week and 26 week bill auctions were down sharply from both last week and from the auctions of the expiring paper. That’s a sign that Japan and other central banks did not show up at today’s auctions. The bid tendered on the 13 week bill was just $5...
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Making a Mockery- Professional Edition Fed Report
During weeks where there are no auctions of longer term paper, the government takes little action to suppress yields. That’s another reason why, when Treasury supply is light, stock prices tend to rise. When Treasury supply is heavy, they need to push yields lower. Their primary tool in doing that is by releasing worse...
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How’d They DO That? – Professional Edition Fed Report
The Treasury market laughed in the face of having to pay for $55 billion of new intermediate and long term paper on Tuesday 9/15. That combined with the reduction in the Fed’s subsidy of this market, due to end on October 31, should have hurt the market, but instead there was a buying panic....
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Market on the Slope of Dope – Professional Edition Fed Report
This week was a big week of Treasury auctions, with $54 billion in new supply. The vast majority of that won’t settle until next week, and $40 billion of it was in short term paper. So the bond market is getting a huge break this week and next. Even though the Fed buying will...
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Easy Street, Just This Week – Professional Edition Fed Report
Weeks where the Treasury isn’t pounding the market with new debt are few and far between, and that should be bullish. Demand for short term paper seems insatiable with panic level bid/cover ratios on the short term bill auctions, and a record indirect bid on the 13 week bill. The market’s problem now has...
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Fumes and False Premises
The gang in Washington and on Liberty Street is either very good or very lucky. The Treasury managed to dump $71 billion in new paper on the market this week, including $62 billion in intermediate and long term paper, without crushing either the Treasury market or stocks. It was truly a bravura performance. But...
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