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…
Tag Archive for Auctions
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Foreclosure Activity Falls to Lowest Since Summer of 2007 – CNBC.com
by Newswires • • 0 Comments
UPI.comForeclosure Activity Falls to Lowest Since Summer of 2007CNBC.comForeclosure filings, which include default notices, scheduled auctions and bank repossessions, fell 5 percent in April from March, according to a new report from RealtyTrac, and ar…
Latest Business Headlines, Professional Edition
Medicine Ball Market Throws Sucker Play
by Lee Adler • • 0 Comments
I believe that Tuesday’s rally was a result of manipulation, and Wednesday’s fall was a result of its failure. Today’s failure suggests that cycles up to 13 weeks could be in gear to the downside for another week or two. That would be countered by what should be bullish liquidity flows. However, there was an…
Liquidity Trader, Professional Edition
Foreign Central Banks Disappear From Treasury Bill Auctions
by Lee Adler • • 4 Comments
The indirect bids at today’s 13 week and 26 week bill auctions were down sharply from both last week and from the auctions of the expiring paper. That’s a sign that Japan and other central banks did not show up at today’s auctions. The bid tendered on the 13 week bill was just $5 billion,…
Liquidity Trader, Professional Edition
Treasury Auction Calendar Update
by Lee Adler • • 0 Comments
The 13 week and 26 week bill auctions were strong with the expected increase in the indirect bid as a result of this week’s paydown from the non-renewal of the weekly $25 billion in Supplementary Financing Program Cash Management Bills. However, the overall bid/cover was lower than last week. Apparently Primary Dealers were less aggressive…
Bears Chat, Best of the Forums
Treasury offers warrants to buy Citigroup stock
by a Wall Street Examiner • • 0 Comments
Treasury offers warrants to buy Citigroup stock
Monday January 24, 2011, 8:59 am EST
WASHINGTON (Reuters) – The U.S. Treasury Department announced on Monday that will offer two groups of warrants to buy stock in Citigroup Inc. that it obtained as par…
Bears Chat, Best of the Forums
Results from an auction of 2-year Notes
by a Wall Street Examiner • • 0 Comments
Results from an auction of 2-year Notes were posted at 1:00 PM ET. A positive reaction to the results has helped give Treasuries a small lift.
As for the auction’s particulars, the bid-to-cover ratio came in at 3.71. Dollar demand was $129.9 billion….
Bears Chat, Best of the Forums
Treasury Changes Course- Market Soars on Supply Vacuum
by a Wall Street Examiner • • 0 Comments
The Treasury has rescheduled the announcement on the 2, 5, and 7 year notes, originally scheduled to be announced yesterday, to next Thursday. The auctions are now tentative scheduled for December 27, 28, and 29, instead of next Tuesday, Wednesday, and…
Liquidity Trader, Professional Edition
The Treasury Just Forgot- Professional Edition
by Lee Adler • • 0 Comments
$8 billion in Treasury paydowns this week caused a virtual buying panic in the 4 week bills, but all the other auctions were slightly weaker than last week. Next week will see big supply at the note auctions, but we don’t know how big. The Treasury failed to post the calendar on schedule today. Does…
Liquidity Trader, Professional Edition
Ring Around The Rosey- Professional Edition
by Lee Adler • • 0 Comments
This was another week that wasn’t. The Fed reduced its pumping for the holidays, but at the same time the market did not face any net new Treasury settlements of significance. That will come on Tuesday when $64 billion in new notes will settle. Fed QE2 purchases over the past few days and on Monday…
