Thursday was another quiet day for the Fed but the Treasury was busy. It announced that Monday’s 13 and 26 week bill auctions would temporarily…
The cash flooding the markets from those paydowns was directly responsible for falling short term rates, for bond yields backing off their highs, and for…
The Fed drained $1.5 billion from the market on Tuesday, adding $3.75 billion in overnight repos against $5.25 billion in expirations. That brought the 5…
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 drained $6.25 billion from the market on Monday, adding $5.25 billion in overnight repos against $11.5 billion in expirations. That brought the 5…
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 surge in the Macro Liquidity Index (MLI) that began in December and which helped stocks continue their run to all time highs in April…
The Fed drained another $4.75 billion from the market on Friday adding $5.5 billion in weekend repos against $10.25 billion in expirations. That left the…
The Fed drained $4.25 billion from the market on Thursday adding $6.25 billion in overnight and $8 billion in 14 day repos against $18.5 billion…
The Fed added $4 billion to the market on Wednesday with $4 billion in two day repos against no expirations. That left the 5 day…
