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…
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…
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-…
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…
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…
And soon it will end. Then what? Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s…
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…
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.
•…
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…
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…