Treasury supply will increase at the end of the month, but has been very light over the past week, with big paydowns. In addition, the…
The Fed and Treasury are injecting $115 billion in cash into the markets over this 10 day period with a combination of Fed MBS purchase…
The recent surge in the 10 year yield has reconfirmed the uptrend that began off the February low. The top of an 8 month wide…
Bonds yields have broken a 17 month downtrend. The dollar has become rangebound while its long term uptrend remains in force.
The Treasury market rallied a bit over the last week. It was helped by light supply in previous weeks, with paydowns adding cash to investor…
Bonds have rallied over the past 2 weeks and the dollar reversed much of its previous selloff. The long term downtrend in bond yields still…
The Treasury market rallied a bit over the last week as supply was light. None of the major sources of demand were actively buying. That’s…