Corporates are reeling from the COVID19 pandemic impacts, yet stocks are severely overpriced by all possible corporate finance metrics. Until, that is, one looks at bonds.Over the 3 months through June 2020, average 10 year U.S. Treasury yield has been…
Sclerotic, hidebound institutions optimized for linear stability and permanent growth are simply not designed to adapt to non-linear change and disruption of permanent growth.Since the first news of pandemic in late January, I’ve been discussing potent…
Fed QE: $8.801B Coupon Purchase 2020-07-24
Trump voters were more likely to be white, older, and college-educated, significantly more hostile to racial equality and perceived themselves to be of higher social class.
After raising the specter of a rebound stall, the idea before limited to Japan and Germany was abruptly given further weight today by US jobless claims numbers. For the first time since the peak at the end of March, the weekly tally of initial filings increased from the prior week. The estimate for the week […]
Since human wetware remains stuck in OS1.01, we can predict a remarkable reversal.The “Everything Bubble” has been a sight to behold. With central banks providing trillions to the big players and margin debt enabling small punters to leverage up, …
You know where I stand: Markets have been bloated to high heaven via unlimited and unprecedented liquidity injections creating the illusion of a bull market when there is none. Yes indices such […]
Term and Type: 120-Day Bill
CMB: Yes
Offering Amount: 30 Billion
Announcement Date: 07/23/2020
Auction Date: 07/28/2020
Issue Date: 07/30/2020
Fed QE: $1.732B Coupon Purchase 2020-07-23
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.