Liquidity indicators were mixed last week, but overall they remain firm, with trend indications split between bullish and neutral.
The Treasury market panic continued this week, with yields heading for new lows, thanks partly to a return of central banks to the table at…
Liquidity indicators backed off slightly from their recent strength last week, but overall they remain firm. I see no reason to expect either a big…
Treasury yields reached the top of the recent range and appeared headed for a breakout when along came Ben, with his mighty arms outstretched he…
Those who don’t know me well have sometimes accused me of being a permabear. Those of you who do know me via these reports know…
Treasury yields fell to a key resistance level, and then rebounded sharply to break a 6 month downtrend line this week. It’s too early to…
Deposit flows into US banking system (apparently from EU) continue at shocking levels. In the liquidity model of the market, there is no way the…
The Treasury rally got some help this week from a surge in Federal Withholding Tax collections that is helping to keep new supply down. Whereas…
Treasury supply is moderating as a result of a surge in Federal Withholding Tax collections in the second half of December. I suspect that this…
The mad panic into Treasuries suddenly stopped this week. 1.80 on the 10 year yield looks like a floor. The question now is whether there’s…