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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Volume Lowest in 10 Years
Munis Ended 2011 At $295 Billion
Tuesday, January 3, 2012
By Taylor Riggs
A 10-year low of new municipal bond issuance is what was on everyone’s mind in 2011.
Last year, only $295 billion of bonds were issued, down almost...
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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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I guess 1.9% TNX yield looks better than losing 50% or more of your portfolio when reality sets in.
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Twisted Tuesday - Treasuries are not an Option Courtesy of Phil of Phil's Stock World Remember Operation Twist? Last week, Freddie Mac reported record lows on rates, with the 30-year notes at 3.91%. This has not, of course, encouraged many people to go out and buy homes but it has...
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The mad panic into Treasuries suddenly stopped this week. 1.80 on the 10 year yield looks like a floor. The question now is whether there’s enough follow through selling to break the major downtrend line which is now around 2.03. Wouldn’t it be ironic if this week’s massive ECB Long Term Refinancing Operation was...
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Bloomberg
U.S. Growth Decoupling From Bonds Means Lower Yields to JPMorgan
December 11, 2011, 7:26 PM EST
By Daniel Kruger and Liz Capo McCormick
Dec. 12 (Bloomberg) -- The strengthening U.S. economy is proving no deterrent to the biggest rally in ...
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Withholding tax data suggests that we may soon see weaker economic data. That would argue for lower yields and lower stock prices. Meanwhile, foreign central banks (FCBs) sold Treasuries last week, turning away from the record accumulation of recent weeks. Click here to download complete report in pdf format (Professional Edition Subscribers) including 19...
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German government bonds dropped after the nation missed its maximum sales target at a bund auction by 35 percent, sending the euro lower and 10-year yields higher than comparable U.S. Treasuries.
“This auction is nothing short of a disaster for Germ...
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Foreign central bank (FCB) buying of Treasuries was again heavy this week, two weeks after hitting a record level. Their buying binge of recent weeks pumped plenty of cash into US markets. That normally leads to a stock market rally, but not this time. Meanwhile, there’s evidence that withholding tax collections are weakening versus...
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The composite liquidity indicator fell sharply last week. There was some distortion to the indicator the previous week when the Fed’s SOMA fell due to transactions outside dealer channels, but that was reversed in the latest data. Bank inflows were flat. FCB buying dropped back sharply from a record rise. Bank non-Treasury trading accounts...
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This is why I removed all my assets from the "financial markets" nearly three years ago. Ok, I was a tad early, so sue me.
MF Global's Customer Assets - STOLEN - And Nothing You Hold In This System Is Safe
This is a scandal of the first order, and ...
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The Fed was hit with withdrawals of $83.3 billion last Wednesday, the largest withdrawals from its deposit accounts that were not associated with quarterly tax payments since February of 2009. $7 billion of that was the net cash transferred to the US Treasury from its note and bond sales less outlays. The Fed still...
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Tracking foreign central bank (FCB) holdings of US Treasury and Agency (Fannie, Freddie, and minor government agencies) paper has been one of the most important lines of inquiry in my analysis of market liquidity for the past 9 years. This information is available virtually in real time each week in the Fed’s weekly H41...
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Stocks rallied and Treasuries held their own in the past week as the market faced no pressure from new Treasury supply, and foreign central banks (FCBs) took a break from their recent pattern of dumping their Treasury holdings. This report tells what to look for next week that will tell us what the future...
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