Term and Type: 120-Day Bill
CMB: Yes
Offering Amount: 30 Billion
Announcement Date: 07/23/2020
Auction Date: 07/28/2020
Issue Date: 07/30/2020
I was so stunned by what I saw yesterday that I wanted to break it to everyone right now.
The withholding tax data for July through July 20, showed a 5% year to year GAIN!
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Fed QE: $1.732B Coupon Purchase 2020-07-23
U.S. continues to race ahead of the EU27 in the total counts of COVID19 cases and deaths:U.S. is now significantly divergent to the EU27 in death rates per capita, both in terms of the actual rates and the rates of growth:Notably, the EU appears to hav…
It’s one of those things I wish I had more time to thoroughly investigate. What can these Germans possibly be thinking? While the ZEW sentiment indicator actually came back down a bit in July 2020 from its 2005-style perch in June, the ZEW for all of Europe actually went further upward. Either that means Christine […]
In sharp contrast to the sentimental deference towards central bank stimulus exhibited by Germany’s ZEW, for example, similar Japanese surveys are starting to describe potential trouble developing. Like Germany, Japan is a bellwether country and a pretty reliable indicator of global economy performance. Both of these places had solidly indicated the globally synchronized downturn long […]
This is the key dynamic of the economy going forward: defaults on debt, declining wealth as assets are relentlessly repriced lower and sharp declines in income due to layoffs and debt defaults.The economy is like an elephant surrounded by blindfolded e…
Term and Type: 19-Year 10-Month Bond
Interest Rate: 1.125%
High Yield: 1.059%
Total Tendered: $43,275,746,400
Total Accepted: $18,931,875,600
Stocks pulled back this morning in the pre market, reaching trend support and a 2-3 day cycle projection of 3228.
Hourly indicators are still bearish, but have reached the levels of their last minor lows.
An obvious place for them to buy the dip again.