The ‘risk off’ trade is commanding the markets. A subtle, but interesting example is the EURCHF.
For four days the EURCHF has held to 1/8th percent away from the official 1.2000 peg. It sits at 1.2016 as I write.
Wherever you look, from China to…
Tag Archive for T Bills
Bears Chat, Best of the Forums
And yet another of my favorite graphs
by Bears Chat at The Wall Street Examiner • • 0 Comments
Really, no matter how completely I contemplate it, no matter how deeply I delve into it, I simply cannot wrap my Vulcan mind around the chart below (courtesy of Mish’s blog, found here: http://globaleconomicanalysis.blogspot.com/2011/09/2-year-10-year-…
Bears Chat, Best of the Forums
What’s the most outrageous, seemingly-impossible…
by Bears Chat at The Wall Street Examiner • • 0 Comments
Well, for me it’s a continuation of the insane interest rate chart trend, shown below.
Really, if someone would have told me that in 2011 the U.S. will have racked up $15 trillion in sovereign debt (plus another hundred trillion in “off the books” obl…
Bears Chat, Best of the Forums
Well, we’re almost to the point where we have to PAY Uncle Thug to lend him money
by Bears Chat at The Wall Street Examiner • • 0 Comments
I never thought I’d live to see the day that, after racking up:
FIFTEEN TRILLION DOLLARS OF DEBT
…people would be piling into 4-week T-bills and accepting ZERO interest.
But here we are.
Look for yourself:
http://www.treasurydirect.gov/instit/an…
Liquidity Trader, Professional Edition
POMO Can Pay For Treasuries or Stocks But Not Both
by Lee Adler • • 2 Comments
And soon it will end. Then what? The Treasury calendar was heavy this week, with 3 and 10 year notes and 30 year bonds auctioned in addition to the weekly bill auctions. It got even heavier when the Treasury announced a surprise $15 billion cash management bill to tide the government over until June 15…
Liquidity Trader, Professional Edition
News Driven Market Still Follows The Script
by Lee Adler • • 0 Comments
Once Tuesday’s big Treasury settlement was out of the way, the market had clear sailing, with another paydown of T-bills at Thursday’s settlement adding to the Fed’s POMO to fuel rallies in both stocks and bonds late in the week. Sure, this market is news driven, but it followed the pattern we had expected even…
Bears Chat, Best of the Forums
Harry Schultz’s last newsletter & asset allocation…
by a Wall Street Examiner • • 0 Comments
MarketWatch link
Excerpt:
• 5-10% Stocks (nongolds).
• 15-20% Commodities: via futures, commodity stocks &/or physical assets.
• 50% gold stocks & bullion: 15% blue chips, 5% junior, 5% bullion via futures, 25-35% in physical bullion.
•…
Latest Business Headlines, Liquidity Trader
Liquidity Crisis Approaches
by Lee Adler • • 0 Comments
The Fed’s balance sheet took a big jump last week as settlements of forward MBS purchases more than offset reductions in the alphabet soup programs being shut down as well as the little noticed roll off of some maturing GSE paper. GSE maturities totaling $29 billion over the next year will play a small role…
Latest Business Headlines
Headed for Zero – Professional Edition Fed Report
by Lee Adler • • 0 Comments
The Fed auctioned $89 billion in T-bills and Cash Management Bills today, of which $9 billion is new supply. Rates on the 13 week bills were near zero, attesting to the ongoing panic into the shortest term Treasuries. However, there was a big drop in the indirect bid on the CMBs versus last week’s somewhat…
