Menu Close

FCBs Disappoint at Treasury Auctions – WSE Pro

The Fed drained $2 billion from the liquidity pool on Tuesday, adding $4 billion in overnight repos against expirations of $6 billion. Today’s drain, along with two Treasury auctions put some pressure on stocks early. Money rates were also ticking higher as a result of the huge increase in the size of the 4 week bill auction, for which FCB participation came up short. FCBs also cut $6 billion from their 3 year note rollover.  Click here to download complete report in pdf format (Professional Edition Subscribers).

Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

Join the conversation and have a little fun at If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

This site uses Akismet to reduce spam. Learn how your comment data is processed.