Now… Matt Zames… Matt Zames… where have we heard that name before… OH YES: he just happens to be the Chairman of the Treasury Borrowing Advisory Committee, aka the TBAC, aka the Superommittee that Really Runs America. The Matt Zames who… “previously worked at hedge fund Long-Term Capital Management LP, may have benefited as the…
Tag Archive for Tbac
Latest Business Headlines, Lee's Free Thinking
Treasury 49-Day Bill Evidence of Growing Tax Shortfall
by Lee Adler • • 0 Comments
Tax receipts are not keeping up with the Treasury Borrowing Advisory Committee (TBAC) forecast.
Latest Business Headlines, Lee's Free Thinking
Treasury Running Out of Cash, Announces 64-Day CMB In Addition To Usual Weekly Bill Offerings
by Lee Adler • • 1 Comment
Apparently seeing revenues falling well short of forecasts, the US Treasury today announced a surprise $20 billion Cash Management Bill (CMB). This bill was not included in the TBAC (Treasury Borrowing Advisory Committee) forecast schedule posted just last week. The simultaneously announced regular 6 month bill was $1 billion above the TBAC forecast. Here are…
Email Bulletins Archive, Lee's Free Thinking, Must Read
Treasury Market About Face- Just a Blip or Sign of Things To Come?
by Lee Adler • • 0 Comments
I mentioned in my last free report that the bulge in withholding tax collections which may have been a tipoff to the better than expected payrolls data, had subsided. I took another look at the data today, and there’s been no rebound since I posted that report. On top of that, yesterday the Treasury announced…
Lee's Free Thinking, Liquidity Trader, Professional Edition
Bulls In Clover While TBAC Is Smoking Dope As Usual
by Lee Adler • • 0 Comments
The Treasury market panic continued this week, with yields heading for new lows, thanks partly to a return of central banks to the table at a modest level, but mostly due to a ratcheting up of public buying. Bond fund inflows hit a record last week. It’s sheer panic. Bedlam. The panic atmosphere has been…
Must Read
US Treasury Issues Cautiously Bullish Outlook For TBAC
by Lee Adler • • 0 Comments
WASHINGTON – The recovery continued to firm in the The recovery continued to firm in the final quarter of last year, and labor market conditions improved. According to the advance GDP report released last week, the economy grew by 2.8 percent at an annual rate in the fourth quarter, the tenth straight quarter of growth…
Lee's Free Thinking, Liquidity Trader, Must Read, Professional Edition
The Last Ponzi Game
by Lee Adler • • 0 Comments
This is an extended excerpt from the Wall Street Examiner Professional Edition Treasury Report, a companion report to the Fed Report to be posted later this weekend. Subscriber link to the complete report is at the end of the excerpt. A heavy Treasury auction schedule with a big settlement on Thursday was enough to contribute…
Bears Chat, Best of the Forums
TBAC Sees Slightly Reduced Financing Rest of Q4
by Bears Chat at The Wall Street Examiner • • 0 Comments
TBAC sees slightly reduced financing needs for remainder of Q4. I call bullshit. More in the Wall Street Examiner Professional Edition Treasury update tomorrow.
You are subscribed to All Treasury Press Releases for U.S. Department of the Treasury. T…
Charts, Economics, Email Bulletins Archive, Liquidity Trader, Professional Edition
Bloody September
by Lee Adler • • 0 Comments
The following paragraphs are free excerpts from today’s Wall Street Examiner Professional Edition Treasury update. The subscriber link to the complete report is below. As I estimated last week, the Treasury needed more cash than originally scheduled, or originally forecast by the TBAC. It announced a big cash management bill on Monday, and another one…
Liquidity Trader, Professional Edition
More Bad News From the Treasury
by Lee Adler • • 0 Comments
The Treasury market buying panic continued this week with technical signs pointing to a 10 year yield possibly as low as 1.80, or even 1.60. That would be bad news for stocks. While the indirect bid remains about 25% below last year’s level at the Treasury auctions, foreign central banks have increased their buying in…
