(POMO) $6.0B Billion Purchase 2020-04-09
Put another way: eras end.While the mainstream media understandably focuses on the here and now of the pandemic, some commentators are looking at the long-term consequences. Here is a small sampling:Coronavirus, synchronous failure and the gl…
Way to go, fellas. The FOMC minutes for the crucial March 2020 meeting further make a mockery of everything the central bank should stand for. Nowadays, the Federal Reserve is thought about in terms of its inflation and employment mandates. Nothing whatsoever to do with the monetary system, at least not directly. That’s the way […]
Today’s Fed action effectively drains funds from dealer accounts and from the financial markets and tomorrow will be more of the same.
Term and Type: 40-Day Bill
CMB: Yes
High Rate: 0.160%
Total Tendered: $119,378,300,000
Total Accepted: $45,000,125,000
Term and Type: 103-Day Bill
CMB: Yes
High Rate: 0.200%
Total Tendered: $111,606,396,000
Total Accepted: $40,000,110,700
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Treasury issuance will go through the roof over the next 5 days while the Fed has decided to cut back its support. That’s a bad combination.
NYFed treasury securities operations $21.000B Coupon Purchase 2020-04-08
NY Fed treasury securities operations Fed $14.000B Coupon Purchase 2020-04-08