Menu Close

Headed for Zero – Professional Edition Fed Report

The Fed auctioned $89 billion in T-bills and Cash Management Bills today, of which $9 billion is new supply. Rates on the 13 week bills were near zero, attesting to the ongoing panic into the shortest term Treasuries. However, there was a big drop in the indirect bid on the CMBs versus last week’s somewhat shorter term CMBs. Is this another straw in the wind?

Rates continued dropping today in the Fed’s CPR program. 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 Capitalstool.com. 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.

Leave a Comment

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

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading