The Fed did a small add to the liquidity pool on Monday, putting in a net of $1 billion by adding $7.75 billion in overnight repos against $6.75 billion in expirations. The 5 day net stayed negative. The rate was again well above the 5.25 target at 5.30-.31raising the question of whether the Fed could…
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Reports on the Fed and Treasury, Primary Dealers, real time Federal tax collections, foreign central banks, US banking system, European banking system, and other factors that affect market liquidity. Resulting market strategy recommendations. 8 reports each month. Click here to subscribe. Now published at Lee Adler’s Liquidity Trader.
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Liquidity Trader Complete, Professional Edition
WSE Pro Dollar Index and Bond Yields Update 12/2/06
by Lee Adler • • 0 Comments
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 subscribers only). Try the Professional Edition risk free for thirty days. Unbundled subscription service packages starting from as low as $39! Click here for more information.
Liquidity Trader Complete, Professional Edition
Fed and FCBs Both Say Sell – WSE Pro
by Lee Adler • • 0 Comments
The Fed conducted a huge $9 billion net draining operation on a day when the market was faced with settling $29 billion in Treasury CMBs. The Fed added $6.75 billion in weekend repos against $15.75 billion in expirations. The 5 day net stayed negative. The action breaks the strong uptrend in the SOMA over the…
Liquidity Trader Complete, Professional Edition
Fed Gives Christmas Goose – WSE Pro
by Lee Adler • • 0 Comments
In keeping with the holiday spirit and faced with huge Treasury settlements over the next few days the Fed stepped up and added a net of $5.5 billion to the liquidity pool on Thursday. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days.…
Liquidity Trader Complete, Professional Edition
Fed Twiddles As Market Melts Up – WSE Pro
by Lee Adler • • 0 Comments
The Fed twiddled its thumbs again on Wednesday with a nominal net drain of $500 million. They added $7 billion in two day repos, against $7.5 billion in expiring repos. That allowed the 5 day net to drop to a paltry add of $1.5 billion, which is nothing considering the tidal wave of new Treasury…
Liquidity Trader Complete, Professional Edition
Fed Stands Firm – WSE Pro
by Lee Adler • • 0 Comments
The Fed again stood its ground on Tuesday doing a minimal net add of $250 million. They added $7.5 billion in overnight repos, against $7.25 billion in expiring repos. This is unlike last year when the Fed pumped hard right up to the end of the year, but it’s similar to 2004 when they pulled…
Liquidity Trader Complete, Professional Edition
Less Generous Fed Leaves Market in Fits -WSE Pro
by Lee Adler • • 0 Comments
The Fed more or less stood pat on Monday, adding $7.25 billion in overnight repos and announcing a $770 million permanent coupon purchase, against $7.5 billion in expiring repos. The result was a nominal $0.5 billion add. This is unlike last year when the Fed pumped hard right up to the end of the year.…
Liquidity Trader Complete
Treasury Coming Up Short
by Lee Adler • • 0 Comments
by Steve Northwood The Treasury is coming to market for an additional $5 billion in the 4 week auction ($26 billion vs $21 billion maturing). That flys against what was expected. They had been expected to pay down some on the 4 week and cover their needs with a shorter term Cash Management Bill (CMB).…
Liquidity Trader Complete, Professional Edition
Fed Throttles Back- WSE Pro
by Lee Adler • • 0 Comments
The Fed pulled back on the throttle Friday, withdrawing much of Wednesday’s massive pumpajam. It drained $9.5 billion from the liquidity pool, issuing $7.5 billion in weekend repos against $17 billion in expirations. This is unlike last year when the Fed pumped hard right up to the end of the year, but it’s similar to…
Liquidity Trader Complete, Professional Edition
Bernanke’s Holiday Put Gives Market Boost -WSE Pro
by Lee Adler • • 0 Comments
Happy Thanksgiving! The Fed insured a happy holiday on Wednesday, and the market responded by reversing an early selloff on the Con Con number. That left the averages with minor gains, indicator structures in similar positions where they have been throughout the latter stages of this uptrend, and centered moving average projections again edging slightly…