Latest cycle conditions and projections for the US Dollar Index and 10 Year Treasury Yield. Click links to download report in pdf format. (WSE Pro…
The Fed finally stomped on the accelerator for a net add of $10.25 billion as the liquidity crisis worsened around the world, this time with…
This week the Treasury is giving the market a gift in the form of a $40 billion paydown of the 30 year bond, less $27…
The Fed drained a net of $2.25 billion on Tuesday. Then it stood pat on rates and issued a bland statement, which, as I suspected,…
The Fed must now make another move in this chess game and tomorrow’s the day. The question is whether today’s rally will lull the Fed…
Latest cycle conditions and projections for the US Dollar Index and 10 Year Treasury Yield. Click links to download report in pdf format. (WSE Pro…
The Fed has again brought the SOMA to the bottom the bottom of the 5% growth channel. It still seems to be leaning against the…
The Treasury has scheduled a $40 billion paydown on the 30 year bond for next week. That should light a fire under longer term bonds,…
The Fed pulled $0.5 billion from the market Monday by replacing $7.25 billion in expiring repos with $6.75 billion in overnight repos. The 5 day…
The sign of big trouble that we have been looking for is upon us, the increase in the spreads between mortgage backed Agencies and government…