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Let The Treasury Bombing Runs Begin

Between today and Thursday, the US Treasury will pound the market with $194 billion in net new supply. The total since March 24 will be $283 billion.

This is only the first installment of many weeks like this as the coronavirus checks go out.

Liquidity moves markets!

Follow the money. Find the profits! 
Date Security Type Total Offering Total Publicly
Held Maturing
Net New Cash or
(Pay Down)
04/02/2020 Bills $153,000 $80,035 $72,965
04/01/2020 Bills $45,000 $0 $45,000
03/31/2020 Bills $170,000 $93,517 $76,483
03/31/2020 Coupons $125,000 $82,478 $42,522
03/27/2020 Coupons $18,000 $0 $18,000
03/26/2020 Bills $110,000 $105,888 $4,112
03/24/2020 Bills $110,000 $88,992 $21,008

Source: US Treasury Tactical and Strategic Market Bombing Planning Unit

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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. 

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