The U.S. Treasury intends to continue to gradually extend the average maturity of the securities it issues–a tactic that locks in borrowing costs but potentially dilutes the impact of a Federal Reserve policy intended to boost the economy. The average maturity of outstanding Treasurys reached 63.9 months at the end of May–the highest level in…
Tag Archive for 9 Months
Liquidity Trader, Professional Edition
Treasury Yield Uptick Marks and Interesting Turn of Events
by Lee Adler • • 0 Comments
Extended excerpt from the Executive Summary. The Treasury had a very light calendar and easy skating last week, but the calendar will be heavier in the week ahead, with notes and bonds being offered in addition to the regular weekly bill auctions. The notes and bonds will settle on Friday. It’s unusual for them to…
Charts, Economics, Email Bulletins Archive, Housing, Liquidity Trader, Professional Edition
Housing Picture No Darker
by Lee Adler • • 0 Comments
The article is an excerpt from the Wall Street Examiner Professional Edition Housing Update for subscribers. Scroll to the end for the subscriber link to the complete report. Housing data for this month suggests that the usual seasonal uptick in prices has ended. Data is mixed as to whether the seasonal decline that normally occurs…
Charts, Economics
Earnings Death or Taxes
by Lee Adler • • 0 Comments
Weak corporate tax collections in the first quarter and through April 11 could mean that many quarterly earnings reports may surprise the market by failing to meet analysts’ inflated expectations. Either corporate profits are falling sharply or else corporations have suddenly become much savvier about offshoring income and avoiding taxes. While they may be getting…
