The U.S., after all, is running unprecedented peacetime deficits, with a new $1.9 TN stimulus package scooting through Congress. This legislation will be followed by what is sure to be a major infrastructure program. There is literally colossal deficits and Treasury issuance as far as the eye can see.
While the past decades have seen rapid urbanization in India and China, cities in Africa are growing fastest in the current one. In the first half of the 2020s, the U.N. Population Division expects 28 cities to grow at an average annual rate of more th…
The latest auto manufacturing figures released today mark “yet another month of decline for UK car production” and are “a grave concern” according to Mike Hawes, SMMT Chief Executive. The total for January 2021 of 86,052 is the worst start to a year si…
Primary Dealers were holding record levels of inventory with record levels of leverage since late Q3 2019. It was all hunky dory as long as bond prices were rising, or at least stable. The mirror of that is yields falling, or stable.
Ever since then I regularly warned about this in my Liquidity Trader reports. I said that it’s a two way street, and that when the inevitable decline in Treasury prices started, it would devolve into big margin calls to the dealers.
Fridays’ Fed QE. Click for details.
The US Treasury announced today that it would inject another $30 billion into the markets, in an attempt to forestall systemic meltdown.
High Yield: 1.195%
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In Alternative View I highlighted the $VIX as a key chart to watch in 2021 for it showed longer term structures that suggest a major volatility event is to come at some […]
As Airbnb is slated to report its first quarter as a public company on Thursday, investors are eagerly waiting to find out how hard the short-term rental platform has been hit by the pandemic in the last three months of 2020. While monthly booking valu…
According to the Global E-waste Monitor, 53.6 million tons of electronic waste was generated worldwide in 2020. The figure increased by 21 percent in just five years, making e-waste the fastest growing domestic waste stream in the world. The largest pr…