Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Fed Paid Primary Dealers $110 Billion Outright Today 3/26/20

The Fed bought $74 billion in Treasuries and $36 billion in MBS from Primary Dealers today. That’s a month’s worth of old QE in a day. They’ve been doing it every day this week.

The S&P was up 154 points. So the Fed got about 1.4 points per billion. That’s good mileage. There’s not much selling. It’s also blatant market rigging which would not be necessary if the financial system wasn’t leverage to the ninth degree with enough debt to kill a billion billion whales, as in hedge funds, banks, and overleveraged corporate zombies.

Liquidity moves markets!

Follow the money. Find the profits! 

Think about it. What impact would this coronavirus have had if banks and corporations had healthy balance sheets, instead of the madness the crooks built up over the last couple of decades.

That’s the reason the system is collapsing, not COVID 19. The virus was just the catalyst. If it wasn’t that, it would have been something else.

I’ll keep track of the Fed’s gas mileage for you. As prices rise, the market will get heavier. There will be more selling, and friction will increase. The Fed’s mileage will begin to suffer.

I have no idea if that will give us an indication of reversal. It’s just an interesting stat for now. We can use this week as a baseline.

To find out what the Fed’s actions ultimately mean for your investments and trading strategy, join me at Liquidity Trader. I’ll give you the lowdown there.

Here are the results of today’s operations.

Treasuries:

OPERATION – RESULTS
Operation Date: 03/26/2020
Operation Type: Outright Coupon Purchase
Release Time: 02:30 PM
Close Time: 02:50 PM
Settlement Date: 03/27/2020
Maturity/Call Date Range: 03/31/2020 – 06/15/2022
Total Par Amt Accepted (mlns) : $24,000
Total Par Amt Submitted (mlns) : $46,363

OPERATION – RESULTS
Operation Date: 03/26/2020
Operation Type: Outright Coupon Purchase
Release Time: 01:40 PM
Close Time: 02:00 PM
Settlement Date: 03/27/2020
Maturity/Call Date Range: 05/15/2040 – 02/15/2050
Total Par Amt Accepted (mlns) : $5,000
Total Par Amt Submitted (mlns) : $9,542

OPERATION – RESULTS
Operation Date: 03/26/2020
Operation Type: Outright TIPS Purchase
Release Time: 12:50 PM
Close Time: 01:10 PM
Settlement Date: 03/27/2020
Maturity/Call Date Range: 01/15/2028 – 02/15/2050
Total Par Amt Accepted (mlns) : $5,680
Total Par Amt Submitted (mlns) : $9,082

OPERATION – RESULTS
Operation Date: 03/26/2020
Operation Type: Outright Coupon Purchase
Release Time: 12:00 PM
Close Time: 12:20 PM
Settlement Date: 03/27/2020
Maturity/Call Date Range: 06/30/2022 – 08/31/2024
Total Par Amt Accepted (mlns) : $17,000
Total Par Amt Submitted (mlns) : $28,246

OPERATION – RESULTS
Operation Date: 03/26/2020
Operation Type: Outright Coupon Purchase
Release Time: 11:00 AM
Close Time: 11:20 AM
Settlement Date: 03/27/2020
Maturity/Call Date Range: 05/15/2040 – 02/15/2050
Total Par Amt Accepted (mlns) : $5,000
Total Par Amt Submitted (mlns) : $10,194

OPERATION – RESULTS
Operation Date: 03/26/2020
Operation Type: Outright Coupon Purchase
Release Time: 10:20 AM
Close Time: 10:40 AM
Settlement Date: 03/27/2020
Maturity/Call Date Range: 09/30/2024 – 02/28/2027
Total Par Amt Accepted (mlns) : $11,000
Total Par Amt Submitted (mlns) : $18,169

OPERATION – RESULTS
Operation Date: 03/26/2020
Operation Type: Outright Coupon Purchase
Release Time: 09:30 AM
Close Time: 09:50 AM
Settlement Date: 03/27/2020
Maturity/Call Date Range: 05/15/2027 – 02/15/2040
Total Par Amt Accepted (mlns) : $6,000
Total Par Amt Submitted (mlns) : $10,696

MBS:OPERATION RESULTS

OPERATION RESULTS
Operation Date: March 26, 2020
Operation: Purchases
Operation Type: TBA
Auction Method: Multiple Price
Release Time: 02:00 PM
Close Time: 02:30 PM
Settlement Date: April 15, 2020 (April Class A)
Total Amt Accepted (million): $ 6,249 par
Total Amt Submitted (million): $ 8,818 par

OPERATION RESULTS
Operation Date: March 26, 2020
Operation: Purchases
Operation Type: TBA
Auction Method: Multiple Price
Release Time: 01:00 PM
Close Time: 01:30 PM
Settlement Date: May 20, 2020 (May Class C)
Total Amt Accepted (million): $ 8,100 par
Total Amt Submitted (million): $ 11,690 par

OPERATION RESULTS
Operation Date: March 26, 2020
Operation: Purchases
Operation Type: TBA
Auction Method: Multiple Price
Release Time: 11:15 AM
Close Time: 11:45 AM
Settlement Date: May 13, 2020 (May Class A)
Total Amt Accepted (million): $ 7,090 par
Total Amt Submitted (million): $ 9,919 par

OPERATION RESULTS
Operation Date: March 26, 2020
Operation: Purchases
Operation Type: TBA
Auction Method: Multiple Price
Release Time: 10:15 AM
Close Time: 10:45 AM
Settlement Date: May 18, 2020 (May Class B)
Total Amt Accepted (million): $ 3,120 par
Total Amt Submitted (million): $ 4,798 par

OPERATION RESULTS
Operation Date: March 26, 2020
Operation: Purchases
Operation Type: TBA
Auction Method: Multiple Price
Release Time: 09:15 AM
Close Time: 09:45 AM
Settlement Date: March 31, 2020 (March Class A)
Total Amt Accepted (million): $ 11,245 par
Total Amt Submitted (million): $ 14,181 par

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.