A deadly winter storm has led to an unprecedented level of snowfall and record-breaking low temperatures that have paralyzed much of Texas. The unusual weather conditions were caused by changes in the jetstream that ushered in Arctic air across much of…
Today’s Fed QE
The U.S. stock market continues to set new meteoric highs despite an ongoing global pandemic and staggering unemployment rate. Analysts are watching out for signs of an upcoming market correction, especially with much of the stock market seemingly tied…
This is big.
In a panic over the surge in the 10 year Treasury yield and the attendant fall in Treasury note and bond prices, the US Treasury announced today that it would pay down $55 billion in outstanding T-bills.
Term and Type: 42-Day Bill
CMB: Yes
High Rate: 0.040%
Term and Type: 119-Day Bill
CMB: Yes
High Rate: 0.050%
Term and Type: 42-Day Bill
CMB: Yes
Offering Amount: 30 Billion
Term and Type: 119-Day Bill CMB: Yes Offering Amount: 30 Billion
OK. I keed. I keed. I don’t know, but the hourly looks like one of those giant cranes that is about ready to fall over and destroy a bunch of stuff on the way down.
Look at the hourly oscillators. There’s a helluva negative divergence on tw…
The abandonment of seafarers is a growing problem around the world and it is being exacerbated by the Covid-10 pandemic. Abandonment can occur for a number of reasons such as when the shipowner fails to cover the cost of a seafarer’s repatriation, fail…