The awful performances of the longer term Treasury auctions contained within them a sign that foreign central banks are beginning to reverse a normal intermediate…
In case you haven’t noticed, bill rates have now been trending up for 6 weeks. To be sure, the changes are minuscule on the basis…
The Fed was quiet today as the Treasury held 3 auctions. Although on the surface all three, including 4 week and 52 week bills, and…
Weeks where the Treasury isn’t pounding the market with new debt are few and far between, and that should be bullish. Demand for short term…
The Treasury is putting the markets to the test this week with $68 billion in new supply. On Monday, indirect bidders again showed up in…
Massive indirect bids at this week’s Treasury auction suggest that the Treasury buying panic is continuing at the short end. It also suggests that foreign…
Three Treasury auctions saw strong demand. In the case of the 2 year note, the size of the indirect bid could only be characterized as…
(Stool Pigeons Wire) by Trader Joe Prepare for the following: [1] Authorized PPIPPIPPIPIPP Buyer (APB) gets approved to buy bank legacy debt and then Market…
The 10 year note rallied sharply this afternoon when the Fed announced that it would begin its program of purchasing $300 billion of longer term…