That’s right. Inflation is dead. But it doesn’t matter, because the Fed won’t pull the stake out of its heart until it’s too late. I’ll…
Obviously, no market moves in a straight line, and this one is no exception. The technical analysis says the rally in Treasuries will have legs,…
In Part 1, we saw a rebound in withholding tax collections after 3 down months. October also saw a very strong gain in individual estimated…
Federal withholding tax collections rose in October, breaking a string of 3 previous consecutive monthly declines. Guessing the BLS nonfarm payrolls manipulated number is always…
The stock market looks even more oversold versus macro liquidity than it was in August. So, no surprise, it, and the bond market have both…
Watch out! The US Treasury is now in the process of actively discussing buying back outstanding Treasury notes and bonds in an effort to bolster…
The PPI reading on Wednesday includes data which now enables us to project when the Fed will stop raising the Fake Funds rate. I call…
We track Treasury supply because Fed policy comprises only one side of the supply/demand equation. Treasury supply makes up the bulk of the other side.…
Federal withholding tax collections declined in September for the third straight month. Predicting the BLS jobs data is always a crapshoot, but after 3 months…
The dealers have significantly hedged their bond longs since April, but the price damage that we expected, in both bonds, stocks, and everything else, was…