Tag Archive for Liquidity

Headwinds are Building and Bullets are Flying For Treasuries

This report presents and discusses a dozen key bullet points for the Treasury market, and indirectly, stocks. Here are the first 5.  Suddenly Treasury supply higher than TBAC forecast supply and there are signs that will continue.  Indirect bids falling sharply on 4 week bills and long term paper.  Foreign and international account purchases at…

Draghi Indicates E.C.B. Is Ready to Help in Case of Market Turmoil But There’s A Catch

The head of the European Central Bank said Friday that central banks were ready to step in to address any financial market turmoil that might result from elections in Greece this weekend that could help to decide the future of the euro. “The Eurosystem will continue to supply liquidity to solvent banks where needed,” Mario…

EU Smiled While Spain’s Banks Cooked the Books, and Now We’re Surprised?

…back in 2008 and early 2009, Spanish regulators were riding high after their country’s banks seemed to have dodged the financial crisis with minimal losses. A big reason for their success, the regulators said, was an accounting technique called dynamic provisioning. By this, they meant that Spain’s banks had set aside rainy- day loan-loss reserves…

Easing Inflation Pressures Suggests Fed Might Ease But Wonks In The Basement Say No!

Consumer prices are stabilizing… Recently, oil prices have tumbled and core inflation — which excludes volatile food and energy prices — has flattened out, with prices settling about 2.3% higher than a year ago. Easing price pressure should give some comfort to Federal Reserve officials before next week’s policy meeting. via Vital Signs: Easing Inflation…

Treasuries Advance as Greek Election Boosts Safety Bid – Bloomberg

Treasuries rose, set for a weekly gain, amid concern Greeks will elect a government hostile to the terms of its bailout and before U.S. reports that may show production slowed and consumer confidence fell. Ten-year notes outperformed similar-maturity German bunds as investors favored securities from outside the euro area. Greeks vote in two days after…

Debt crisis: Bailed-out Spain pleads for aid from European Central Bank – Telegraph

By Emma Rowley Spain’s prime minister said he is “battling” to get the eurozone’s central bankers to bring down the country’s record borrowing costs, amid predictions the state will need a second bail-out to save itself. Mariano Rajoy urged the European Central Bank (ECB) to resume its massive purchases of struggling euro nations’ debt in…

Foreign Share of Treasury Auction Takedowns Back Near Low of 3 Year Downtrend

This is an update of the new permanent page on Treasury Auction Investor Class Allotments. That page will be updated regularly. Bookmark it for future reference. Treasury Auction Investor Class Allotments Dealers take the lion’s share of the Treasury auctions followed by foreign buyers, mostly central banks. Over the past year investment funds have caught up…

Former MF Global CFO under scrutiny over conflicting statements | Reuters

(Reuters) – When Henri Steenkamp, MF Global’s chief financial officer, appeared before two congressional panels about the firm’s collapse, he said he was in the dark over how some $1.6 billion in customer funds went missing. But a report from the bankruptcy trustee filed this week paints a different picture of an executive closely involved…