Treasury supply was in line with the TBAC forecast in the week just completed, but there are signs in weak tax withholding that suggest possible…
The cash generated by the ECB’s second big LTRO operation began to find its level throughout the world financial system last week, but it will…
Treasury supply was in line with the TBAC forecast in the week just completed, and it should again be in line next week. The market…
Apparently the cash generated by the ECB’s second big LTRO operation has yet to be deployed in the markets, which leads us to the possibility…
The following is the executive summary of the Wall Street Examiner Professional Edition Housing Update. The complete report with illustrative charts and analysis is available…
Wednesday is the big day as the ECB reintroduces El Toro (LTRO) Grande otherwise known as the big Long Term Refinancing Operation. Everybody, and I…
Primary Dealers, banks, foreign central banks, and fund investors are having a sex orgy.
The Fed settled a huge chunk of its forward MBS purchase contracts last week, adding significantly to market liquidity while confronted with moderately heavy Treasury…
The bulge in tax withholding has ended and so has the brief semi-vacation from huge Treasury supply. That will make conditions a little tougher on…
Liquidity indicators were mostly weaker last week. I have downgraded the intermediate trend on 2 of them from Bullish to Neutral. The majority are now…