New data for the week prior on continued and new unemployment claims continues to support a view of a relatively slow and slowing-down recovery in the U.S. labour markets.Continued unemployment claims:Continued unemployment claims in the week of July 4…
Term and Type: 19-Year 10-Month Bond
Reopening: Yes
Offering Amount: 17 Billion
Announcement Date: 07/16/2020
Auction Date: 07/22/2020
Issue Date: 07/31/2020
Fed QE: $1.199B TIPS Purchase 2020-07-16
It does sound impressive, maybe even encouraging. After two months of being shut down, industry in the US rebounded in June 2020 by the most in 60 years, and not one month during those intervening six decades was ever close. You have to go all the way back to December 1959 not just to find […]
The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed.Though under pressure from climate change, the dinosaurs were still dominant 65 million year ago–until the meteor struck, creating …
5 day cycle projection 3235
The Treasury’s numbers for June were as bad as expected. Early July numbers look good, but it’s a trick. Here’s how we know, and what that means for the markets.
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: $3.601B Coupon Purchase 2020-07-15 NY Fed treasury securities operations
The market made a 3 day cycle low at the bell yesterday, testing it in the wee hours in NY. The ES has rallied back to the top of an apparent channel. This is where push comes to shove.
The up phase may die here leadin…