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Triple Whammy – WSE Pro

The Fed drained another $4.75 billion from the market on Friday adding $5.5 billion in weekend repos against $10.25 billion in expirations. That left the 5 day net at a still painful net drain of $9.75 billion. That’s on top of the Treasury settling $43 billion in net new debt over the past week. Most importanly, FCBs were dumping Treasuries and Agencies this week. The net result of all that was a triple whammy for the market. 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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