Fed QE $3.000B Coupon Purchase 2020-04-30 NYFed treasury securities operations
Fed QE $11.000B Coupon Purchase 2020-04-30
Saudi Arabia once burned through the bond market on par with demand for Argentina’s paper. During the 2016-17 globally synchronized growth-inspire Eurobond binge, the country made up for its lost oil revenues (oil crash and all) with dollar-denominated, offshore debt flotations. These merely stabilized the country’s forex reserves after they had collapsed (by a third) […]
March 15 was when it all began to come down. Not the stock market; that had been in freefall already, beset by the rolling destruction of fire sale liquidations emanating out of the repo market (collateral side first). No matter what the Federal Reserve did or announced, there was no stopping the runaway devastation.It wasn’t […]
Term and Type: 273-Day Bill High Rate: 0.165%
Fed QE $7.000B Coupon Purchase 2020-04-29
Since superfluous demand was the core driver of most consumer spending, and that demand is in free-fall, what’s the upside of re-opening?The mainstream view assumes everyone will be gripped by an absolutely rabid desire to return to their pre…
To counter the growing angst, Treasury Secretary Mnuchin declared over the weekend that his super-secret economic models say everything will be back to normal, if not better, starting around August. Nothing more than a painful memory by autumn.
Fed QE $8.000B Coupon Purchase 2020-04-28 NY Fed treasury securities operations
Fed QE $3.000B Coupon Purchase 2020-04-28 NY Fed treasury securities operations