The US market got some help this week from the capital flight out of Europe, but the underlying sources of liquidity are weakening. All but…
The markets faced massive Treasury supply this week and shook, rattled, and rolled as a result. Surprise, surprise, surprise—not— the Treasury market got the benefit…
Terrorists stood on the periphery of the Treasury market this week, waiting to detonate the explosives strapped to their waists if US politicians don’t get…
Next week’s Treasury calendar is light, with another paydown on Thursday and plenty of POMO, so if ever stocks had an excuse to rally, this…
Virtually all key liquidity indicators are negative as the markets hurtle toward the end of QE in a little over 3 weeks. Large domestic bank…
We still have a month of QE to look forward to and as long as that cash is flowing the markets will see a bid.…
Treasuries rallied this week. I guess investors find the threat of the debt ceiling and potential default to be non issues. They still see Treasuries…
The key changes in the data for the week just past include signs of an upturn in the banks’ Treasury buying cycle, but the FCB…
The markets stumbled through this week in spite of having plenty of POMO and $16 billion in Treasury bill paydowns on Thursday to stoke the…