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This is even more important than the FOMC announcement. Now that the debt limit deal is all but signed, sealed, and delivered, the Treasury will begin to claw back some of the $140 billion in cash it paid to dealers and other investors who held expiring 4 week bills, and maturing 2 year notes that were not rolled over since September 15, due to the Federal debt ceiling. I had warned subscribers to the Liquidity Pro Trader reports since this started that it would be a bullish influence on the markets, but that it was temporary. That’s because once the debt limit is raised the Treasury will need to get this money back in its coffers.
Consider this the starting bell.
CUSIP: 912796FP9
Term and Type: 69-Day Bill
CMB: Yes
Offering Amount: 35 Billion
Announcement Date: 10/28/2015
Auction Date: 10/29/2015
Issue Date: 10/30/2015
Maturity Date: 01/07/2016
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I’ll have more including the full schedule of expected supply and its likely impacts on the markets in the Treasury Supply and Demand Pro Trader, Federal Cash Flows Pro Trader, and MacroLiquidity Pro Trader and Monthly Investor reports coming up Thursday, Friday, and Saturday.
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