Tag Archive for Continuation

Liquidity Stagnant as Fed Sits on Hands, US Market Health Dependent On European Bank Diarrhea

Liquidity indications were mixed last week, with the Fed still not doing much while foreign central banks were net sellers (see Treasury update). Commercial banks started dumping Treasuries again, but their non-Treasury/non-GSE trading accounts did uptick against a bearish trend. The big plus was again bank inflows which surged massively. Follow the money. Find the…