US: $3.601B CouponPurchase 2020-06-18 NYFed treasury securities operations
Primary dealers have been gradually paying down their outstanding repo loans from the Fed, just as we have long expected. This has momentous implications for the stock and bond markets. You need to see these charts!
High Yield: 1.314%
Total Tendered: $47,072,490,300
Total Accepted: $19,325,136,300
Moratorium applies to Enterprise-backed mortgages Washington, D.C. – Today, to help borrowers and renters who are at risk of losing their home due to the coronavirus…
This is too hard to bear.
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 $4.401B Coupon Purchase 2020-06-17 NY Fed treasury securities operations
Small caps drop over 15% in 4 days only to rally over 10% in less than 24 hours. A rally was not a surprise after such a steep and fast drop. What […]
The big news this morning was a 17.7% jump in the headline number for retail sales. LOL Enjoy the rally, everyone. The stock market rally that is.
Blackrock is managing the fund. The trades will be executed, as usual, with Primary Dealers. The Fed put out a list of accepted counterparties, and at a quick glance, virtually all of them were Primary Dealers.
The direct outright purchases of in…