The Wall Street Examiner Professional Edition Fed Report will not be published today. There were no Treasury auctions. $31 billion in Treasury debt paydowns settled today. The Fed drained off only $2 billion, adding $13 billion in overnight and 14 day repos against $15 billion expiring.
The Treasury announced that it would pay down another $7 billion in the 13 and 26 week bill auctions on Monday. That may be the end of the paydown party. The Treasury will auction $8 billion in 5 year TIPS on Tuesday, then 2 and 5 year notes on Wednesday and Thursday.
The Fed released custodial data for foreign central bank holdings of Treasuries and Agencies after the close today. We’ll have a complete report on all the details, and an analysis of what it means tomorrow’s Fed report. Stay tuned! 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.
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