The week just past was easy in terms of new Treasury supply, with just the 4, 13, and 26 week bill auctions. Those are the…
FCBs appeared to show up at the auctions this week, but they were apparently selling paper in the market even faster. This looks to me…
Cycle based stock screening data strengthened in all but the 6-7 week time frame. The sudden, sharp move in prices came without any real forewarning…
Note sizes are about as expected for next week’s auctions, amounting to $98 billion in new supply that will settle the following Monday, 11/30. With…
Cycle based stock screening data weakened across the board on Wednesday. This could be a significant signal Click here to download complete report in pdf…
Cycle based stock screening data went to the bulls 6 to 3, but the upticking in new short term sell signals suggests the approach of…
Tax receipts collapsed at an annual rate of 18% in October, which is far worse than I had feared based on our tracking of the…
During weeks where there are no auctions of longer term paper, the government takes little action to suppress yields. That’s another reason why, when Treasury…
The Treasury finished up a light week with a 4 week bill auction that drew another wave of panic buying keep the rate near zero.…
The net aggregate differential between buy and sell side cycle screen indications dropped from -1796 to -2018, the lowest reading since last October. At that…