The beat goes on. The US Treasury announced a 30 year TIPS issue today, bringing net new Treasury supply for the month so far to $119 billion.
Here are the details:
Liquidity moves markets!Follow the money. Find the profits!
Supply will pound the financial markets to a pulp as far as the eye can see. Those who are currently panicking to buy Treasuries at these levels near all time lows in yield, are picking up nickels in front of steamrollers.
I’ve been warning Liquidity Trader subscribers for months that the problems would start when the debt ceiling was lifted.
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