The cash flooding the markets from those paydowns was directly responsible for falling short term rates, for bond yields backing off their highs, and for the stock market rally. Everything looked hunky dory. The paydowns have all been committed now and they should come to an end next week. Today’s market action may be a preview of what’s to come without that cash being pumped in by the Treasury. 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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