The US Treasury continues to reduce. Light net new supply met Fed MBS purchase settlements last week, helping to keep a bid under both stocks and bonds. Meanwhile banks have been selling or redeeming Treasuries, boosting their cash levels after the big Treasury paydowns in June. The message the data is sending remains consistent with what we have been seeing in recent months.
Liquidity moves markets!Follow the money. Find the profits!
Enter your email address in the form to receive email notification when Professional Edition reports are posted.