Treasury supply continues to run below forecast as a result of strengthening revenue collections far outstripping a small increase in outlays. The trend of increase…
The Treasury will raise “just” $67-72 billion new cash next week. That’s some $20 billion less than the TBAC forecast. Woohoo. The recovery is here.…
This makes the point I used to make about the nannies and the danger to full nanny employment if we tried to injure the talent.
I told everyone they would move to St. Petersburg.
No one would listen!
And now, my intuition has been proven correct tha…
The US Government just can’t seem to stop its budget and debt woes from getting worse. The size of the 4 week bill announced today…
The slight improvement in Federal tax receipts and outlays that I noted earlier in the week looks like it was a false alarm. But what…
ACCESS LINK CORRECTED! The Treasury surprised the market on Monday when it announced a 21 day CMB for $35 billion. That was apparently necessary to…
In the Professional Edition Fed reports posted 3-4 times weekly, I make use of the quarterly estimates of the Treasury Borrowing Advisory Committee of the…
The 4 week bill auction was again very strong, signaling no diminution of strong buying interest from FCBs and others. So the game can go…
The Treasury rounded out its schedule for the week the result being that it would present the market a “gift” of $72 billion in new…
The Treasury normally has a debt paydown in the January 15 week, thanks to tax receipts, but not this year. Including the notes auctioned this…
