Due to the population explosion in our family, today’s Fed Report will not be published. Our second grandchild in 6 weeks, granddaughter Leah Rose, was born last night at 12:10 AM in Montreal. Child, Mom and Dad are all doing great, and grandparents are too.
As for the Fed, it did only a very minor add today, and indirect bidders reduced their demand for T-bills. There was nothing remarkable in today’s data. Rates dropped as investors continued to shun the commercial paper market.
The Fed report will return with all the details tomorrow. The WSE Pro market report will be published late this evening and
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