Fed QE $11.000B Coupon Purchase 2020-04-30
Fed QE $3.000B Coupon Purchase 2020-04-30 NYFed treasury securities operations
Saudi Arabia once burned through the bond market on par with demand for Argentina’s paper. During the 2016-17 globally synchronized growth-inspire Eurobond binge, the country made up for its lost oil revenues (oil crash and all) with dollar-denominated, offshore debt flotations. These merely stabilized the country’s forex reserves after they had collapsed (by a third) […]
March 15 was when it all began to come down. Not the stock market; that had been in freefall already, beset by the rolling destruction of fire sale liquidations emanating out of the repo market (collateral side first). No matter what the Federal Reserve did or announced, there was no stopping the runaway devastation.It wasn’t […]
Term and Type: 273-Day Bill High Rate: 0.165%
It’s Fed Carnival! That’s in honor of the Fed bailing out the sinking Carnival Cruise Lines. What will it think of next to bail out its cronies, and the markets? Here are a few thoughts.
Meanwhile here’s a look at how the stock market sets up today.
Today’s the day. The Fed announces its next plan. You may have already seen it by the time you read this.
But really. What difference does it make? The Fed has trashed its plan without notice 3 times in the past year and a half.
In the past 2 months, it has had no plan at all. It just responds willy-nilly to whatever happens in the news. My god! The Fed bailed out Carnival Cruise Lines. You know we’re in trouble when the Fed bails out Carnival. The blatant cronyism of the plutocrat class is breathtaking. And the sheep just yawn, placated by a few crumbs thrown their way.
So Jerry and the JayJays will sing yet a new song today. Maybe they’ll stick with the new tune for a few weeks or months. Maybe they won’t. We just have to keep tracking what they do and watching the market response.
Here’s what you need to know.
Fed QE $7.000B Coupon Purchase 2020-04-29
Since superfluous demand was the core driver of most consumer spending, and that demand is in free-fall, what’s the upside of re-opening?The mainstream view assumes everyone will be gripped by an absolutely rabid desire to return to their pre…
To counter the growing angst, Treasury Secretary Mnuchin declared over the weekend that his super-secret economic models say everything will be back to normal, if not better, starting around August. Nothing more than a painful memory by autumn.