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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Posts Tagged ‘ Treasury ’
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...
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Quelle Surprise! Not.
And they’re off! Anyone following the Wall Street Examiner Professional Edition Treasury updates showing the massive surge in Federal withholding taxes in January would not have been surprised by today’s jobs report, but most other traders apparently were, as the SPX vaults a dozen points on opening, following a similar surge in the futures...
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Treasury announces 10-Year Note
CUSIP: 912828SF8Term and Type: 10-Year NoteOffering Amount: $24,000,000,000Auction Date: 02/08/2012Issue Date: 02/15/2012Maturity Date: 02/15/2022PDF version of the announcementXML version of the announcement
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Treasury announces 3-Year Note
CUSIP: 912828SE1Term and Type: 3-Year NoteOffering Amount: $32,000,000,000Auction Date: 02/07/2012Issue Date: 02/15/2012Maturity Date: 02/15/2015PDF version of the announcementXML version of the announcement
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Treasury announces 5-Year Note
CUSIP: 912828SC5Term and Type: 5-Year NoteOffering Amount: $35,000,000,000Auction Date: 01/25/2012Issue Date: 01/31/2012Maturity Date: 01/31/2017PDF version of the announcementXML version of the announcement
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Treasury announces 7-Year Note
CUSIP: 912828SD3Term and Type: 7-Year NoteOffering Amount: $29,000,000,000Auction Date: 01/26/2012Issue Date: 01/31/2012Maturity Date: 01/31/2019PDF version of the announcementXML version of the announcement
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Treasury announces 2-Year Note
CUSIP: 912828SB7Term and Type: 2-Year NoteOffering Amount: $35,000,000,000Auction Date: 01/24/2012Issue Date: 01/31/2012Maturity Date: 01/31/2014PDF version of the announcementXML version of the announcement
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Casino of The Absurd
Deposit flows into US banking system (apparently from EU) continue at shocking levels. In the liquidity model of the market, there is no way the markets can decline as long as this continues. Meanwhile, the Fed continues to quietly tap the brakes, without explanation or comment, while the US money supply explodes. The Fed...
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Treasury announces 10-Year TIPS
CUSIP: 912828SA9Term and Type: 10-Year TIPSOffering Amount: $15,000,000,000Auction Date: 01/19/2012Issue Date: 01/31/2012Maturity Date: 01/15/2022PDF version of the announcementXML version of the announcement
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Panic On Claims Not Supported
OK, so the market doesn't like the claims number, which missed anal cyst's estimates by a wide margin. Let's look at the facts.
Not seasonally adjusted, in other words, actual, claims rose by 102,000. Continuing claims wk ended 12/31 up by 361,000. Ho...
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Huge Surge in Withholding Taxes Shows How Great Wall Street Is
Treasury supply is moderating as a result of a surge in Federal Withholding Tax collections in the second half of December. I suspect that this is a one time event due to Wall Street doling out much larger bonuses than last year, thanks to the wonderful job its bankers have done in guiding our...
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Different Look At ISM, Bullish But Weaker Than ’09 and ’10
This is a composite of the ISM Manufacturing and Non Manufacturing New Orders indexes (not the ISM Composite). I have backed out the seasonal adjustment hocus pocus and weighted the index according to the relative weighting of manufacturing and service...
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Treasury announces 9-Year 10-Month Note
CUSIP: 912828RR3Term and Type: 9-Year 10-Month NoteOffering Amount: $21,000,000,000Auction Date: 01/11/2012Issue Date: 01/17/2012Maturity Date: 11/15/2021PDF version of the announcementXML version of the announcement
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Not Too Bearish, Not Too Bullish, But Certainly Not Just Right
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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Fed Finally Settles First Round Of MBS Offsetting Other Negatives in Liquidity
Liquidity indications were neutral this week, thanks to ongoing panic inflows of cash from Europe, as well as the fact that the Fed finally started settling the MBS purchase commitments that have been building up, but had gone unsettled since October. These positive flows offset the negatives of bank and FCB selling of Treasuries....
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Treasury announces 5-Year Note
CUSIP: 912828RX0Term and Type: 5-Year NoteOffering Amount: $35,000,000,000Auction Date: 12/20/2011Issue Date: 01/03/2012Maturity Date: 12/31/2016PDF version of the announcementXML version of the announcement
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Treasury announces 2-Year Note
CUSIP: 912828RW2Term and Type: 2-Year NoteOffering Amount: $35,000,000,000Auction Date: 12/19/2011Issue Date: 01/03/2012Maturity Date: 12/31/2013PDF version of the announcementXML version of the announcement
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Treasury announces 7-Year Note
CUSIP: 912828RY8Term and Type: 7-Year NoteOffering Amount: $29,000,000,000Auction Date: 12/21/2011Issue Date: 01/03/2012Maturity Date: 12/31/2018PDF version of the announcementXML version of the announcement
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Liquidity Stagnant as Fed Sits on Hands, US Market Health Dependent On European Bank Diarrhea
Liquidity indications were mixed last week, with the Fed still not doing much while foreign central banks were net sellers (see Treasury update). Commercial banks started dumping Treasuries again, but their non-Treasury/non-GSE trading accounts did uptick against a bearish trend. The big plus was again bank inflows which surged massively. Meanwhile the FOMC statement...
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Waiting For The Fed Report?
So am I. I was hoping to get it posted tonight, but the economic chart service I use is having “issues.” As a result the ETA for this report now looks to be tomorrow afternoon. I apologize for the delay. I can tell you that the composite liquidity indicator continues to mark time. It...
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Treasury announces 4-Year 4-Month TIPS
CUSIP: 912828QD5Term and Type: 4-Year 4-Month TIPSOffering Amount: $12,000,000,000Auction Date: 12/15/2011Issue Date: 12/30/2011Maturity Date: 04/15/2016PDF version of the announcementXML version of the announcement
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Treasury announces 9-Year 11-Month Note
CUSIP: 912828RR3Term and Type: 9-Year 11-Month NoteOffering Amount: $21,000,000,000Auction Date: 12/13/2011Issue Date: 12/15/2011Maturity Date: 11/15/2021PDF version of the announcementXML version of the announcement
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Treasury announces 3-Year Note
CUSIP: 912828RV4Term and Type: 3-Year NoteOffering Amount: $32,000,000,000Auction Date: 12/12/2011Issue Date: 12/15/2011Maturity Date: 12/15/2014PDF version of the announcementXML version of the announcement
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You Can Have One or The Other But Not Both
Liquidity indications were mixed this week, with the Fed still not doing much while foreign central banks were net sellers (see Treasury update). Commercial banks at least stopped dumping Treasuries but they are liquidating their trading accounts. The big plus was again bank inflows although they were not at the panic levels seen last...
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TEOTWAKI Can Not Be Ruled Out
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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Liquidity Increase Too Little To Boost Markets
Liquidity indications were mixed this week, with the Fed still not doing much but bank inflows ballooning. This has been the biggest reason the markets haven’t collapsed. But is this sustainable?
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Market Liquidity Flat With Hints of Weakening Ahead
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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Treasury announces 9-Year 8-Month TIPS
CUSIP: 912828QV5Term and Type: 9-Year 8-Month TIPSOffering Amount: $11,000,000,000Auction Date: 11/17/2011Issue Date: 11/30/2011Maturity Date: 07/15/2021PDF version of the announcementXML version of the announcement
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