The Treasury announced another CMB, along with the usual 4 week bill. The two will add a total of $40 billion in new supply to…
The Fed floated a trial balloon today on the idea of selling its own debt. Those of you who have been following these pages know…
The market got a huge gift from the US Treasury this week in the form of a $23 billion debt paydown. That cash put a…
The Treasury retired $30 billion in CMBs this week, putting cash back into the market. That cash put a bid under stocks and exacerbated the…
Thursday’s Treasury auctions again showed minor cracks in the façade with a weak indirect bid on the 30 year bond and a smaller indirect bid…
