The Treasury completed its auctions for this week. A trend of slightly reduced indirect bids continued. While the changes are small this could be the…
The Treasury normally has a debt paydown in the January 15 week, thanks to tax receipts, but not this year. Including the notes auctioned this…
The Fed’s balance sheet shrank dramatically this week as banks paid off TAF loans and reduced their deposit accounts at the Fed on which they…
The Fed shrank its balance sheet by $125 billion this week. How ya like dem apples! I will go through the H41 line by line…
The Fed this week discontinued its regular Tuesday rollover of $20 billion of 28 day 1 day forward term repos. They took no action yesterday…
The Treasury calendar will be enormous next week, including the usual 4, 13, and 26 week bills plus 3 and 10 year notes and a…