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.
2020-04-03 NYFed treasury securities operations
2020-04-03 NYFed treasury securities operations
2020-04-03 NYFed treasury securities operations
Everyone with any position in today’s market will be able to say they lived through a real Bear Market. In the echo chamber of a Bull Market, there’s always a reason to get bullish: the consumer is spending, housing is strong, the Fed has our back,…
The Federal Reserve announced the Secondary Market Corporate Credit Facility (SMCCF) on March 23. The intent of this program was to calm the corporate bond market (secondary) then experiencing a massive blowout. Credit spreads of all kinds of corporate securities were exploding, the market in danger of completely shutting down.According to its latest balance sheet […]
Term and Type: 102-Day Bill
High Rate: 0.125%
Total Accepted: $40,000,341,300
Term and Type: 154-Day Bill
High Rate: 0.150%
Total Accepted: $40,000,027,000
Now is not the time to be nibbling.
There were no Lehman’s or anything like it during March 2020. Does that mean there hadn’t been a crisis? According to some, yes. If you were talking specifically about a bank crisis, then, of course, that would be true. There was no bank crisis last month. It would […]