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.
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.
Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.