The Treasury will pound the market with approximately $73 billion in new supply next week in 7 issues, including the usual short term bills, a one year bill, 3 and 10 year notes, and a 30 year bond. I suspect that it won’t be pretty and that the primary dealers’ need to raise cash to absorb that much paper should adversely affect stock prices. They have miraculously managed to hold up, even though the market was forced to absorb $47 billion in new Treasury supply this week. 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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