Tag Archive for Dealer Accounts

Fed Transparent Only If The “Facts” Are Bullish

Liquidity indications have remained neutral over the two weeks since I last updated this report. Panic outflows from Europe boosting theUSsystem seem to have taken a breather, or been covered up, in the wake of the massive ECB liquidity operation just before Christmas. However, other indicators which had been bearish such as bank purchases of…

Fed Announces Treasury Purchase Schedule

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 Treasuries on Wednesday. Maturities to be purchased will be in the 7 to 10 year range. Operations will be conducted only with the Primary Dealers. These operations will add cash…