Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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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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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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Two weeks ago I began to report to subscribers of the Wall Street Examiner Professional Edition Fed Report that foreign central banks (FCBs) had begun to engage in unprecedented levels of disgorgement of their massive holdings of US Treasury and Agency paper. Prior to this year, the FCBs had typically absorbed the equivalent of...
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Foreign central bank dumping of Treasuries and Agencies continued this week, although not at the frenetic pace of the past two weeks. This activity may be beginning to take a toll on the Treasury market, where yields are showing signs of possibly having bottomed. Treasury supply was light with no net new supply settling...
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Most savers and investors are experiencing that quiet desperation of which Thoreau wrote. The inflation of the money supply provided by the central banks almost everywhere across the globe has found its way into into financial assets, including bon...
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The following is the summary lead-in to this week’s Wall Street Examiner Professional Edition Treasury Update. The subscriber link to the full report is below. A massive wave of panic buying has sent Treasury yields plunging to record lows. Data shows foreign central banks were net sellers in recent weeks, continuing a trend of...
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Heh, to paraphrase and hopelessly twist Robeert Duvall's famous line in the movie "Apocalypse Now", the chart below smells like "victory" for the "The Great Disintegration" I was sure was taking place three years ago--then was just as sure was stopped ...
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Capital flight out of Europe into the US banking system continues to result in a surge in money supply and a variety of other banking measures. It is causing a cycle where banks are literally forced to buy Treasuries, Treasury yields plunge, mortgage rates fall, and a massive wave of mortgage refinancings causes bank...
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The market isn't an easy place for income investors right now.
Stocks are too volatile, U.S. Treasury yields are anemic, and a strong reliable dividend is a rarity.
But income investors have a relatively new way they can use options to collect solid payouts on a routine basis....
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The markets faced massive Treasury supply this week and shook, rattled, and rolled as a result. Surprise, surprise, surprise—not— the Treasury market got the benefit of the instability, as investors were scared out of stocks and all things European, and into Treasuries. However, in case you didn’t notice, after last week’s big Treasury rally...
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Next week’s Treasury calendar is light, with another paydown on Thursday and plenty of POMO, so if ever stocks had an excuse to rally, this would be it. The Federal Government would probably be happy to see stocks rally at the expense of a selloff in Treasuries since the government is not selling notes...
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And soon it will end. Then what? The Treasury calendar was heavy this week, with 3 and 10 year notes and 30 year bonds auctioned in addition to the weekly bill auctions. It got even heavier when the Treasury announced a surprise $15 billion cash management bill to tide the government over until June...
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June 3, 2011
Note from dshort: I've updated my Treasury yield charts through Friday's close. The 10-year note yield, now at 2.99%, remains below both its 50- and 200-day moving averages at levels last seen in early December. As the first chart ill...
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May 23, 2011
Note from dshort: I've updated my Treasury yield charts through Monday's close. The flight to quality, continued today, although less energetically than the decline in equities might have indicated.
The 10-year yield is now at 3.13...
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May 20, 2011
Note from dshort: I've updated my Treasury yield charts through Thursday's close. The general decline in yields over the past six weeks has become more volatile in recent days, most noticeably in the 2-, 3-, and 5-year notes.
At th...
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May 17, 2011
Note from dshort: I've updated my Treasury yield charts through May 17th.
The 3-, 5, 7-, 10-, 20-, and 30-year yields are at their lowest since late November/early December of last year. With the end of QE2 on the horizon and a cont...
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May 16, 2011
Note from dshort: I've updated my Treasury yield charts through May 16th.
The 3-, 5, 7-, 10- and 20-year yields are at their lowest since early December 2010. With the end of QE2 on the horizon, we appear to be seeing a bit of fligh...
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May 16, 2011 Analysis from Chris Kimble
Veteran technical analyst Chris Kimble offers a Monday morning perspective on Treasury yields.
Click for a larger image
Chris comments: The yield on the 30-year bond remains inside of its 15+ year...
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May 14, 2011
Note from dshort: I've updated my Treasury yield charts through May 13th.
The behavior of yields during the past week reflected the overall uncertainty of the market — see especially the 3-year note. Tuesday's spike was the mo...
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May 11, 2011
Note from dshort: I've updated my Treasury yield charts through May 10th.
Yields reversed direction on Tuesday, most dramatically in the 3-year note. The Monday 3-year yield of 0.94 was the lowest since early December 2010. The yiel...
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May 10, 2011
Note from dshort: I've updated my Treasury yield charts through Monday, May 9th.
Selective yields continued their slide on Monday — with declines in the 3, 5, 7, and 10 year issues. The benchmark 10-year is at its lowest yield...
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May 7, 2011
Note from dshort: I've updated my Treasury yield charts through Friday, May 6th.
Yields continued their slide on Friday — not surprising in the wake flight from equities and commodities over the past few days. In fact the bench...
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May 5, 2011
Note from dshort: I've updated my Treasury yield charts through May 5th.
Yields continued their slide today — not surprising in the wake of the surge in unemployment claims and the flight from equities and commodities over the ...
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