The markets got a gift in the week just ended, but they couldn’t do much with it. The Treasury paid down a whopping $50 billion…
The composite liquidity indicator edged higher last week, continuing a slow but steady uptrend. In February and March, the indicator had accelerated upward away from…
The markets get a gift in the coming week. Depending on how strong tax receipts are, the Treasury will pay down as much as $48…
The composite liquidity indicator was virtually flat last week, for a second week, on a mixed performance in its components. In February and March, the…
On Friday, the yield on one-year Greek debt soared to 67%. Europe is demanding greater and greater austerity as a condition for additional bailouts, but austerity has already resulted in a depression for the people of Greece, and a loss of tax revenues…
Weeks where the Treasury isn’t pounding the market with new debt are few and far between, and that should be bullish. Demand for short term…
The Treasury boosted new supply this week to $40 billion with yesterday’s announcement of two CMBs totaling $65 billion, but perhaps more importantly there’s nothing…
Tuesday was uneventful on the Fed and Treasury front. A 4 week bill went off with little deviation from recent behavior. Buying of short term…
The Treasury will pound the market with approximately $73 billion in new supply next week in 7 issues, including the usual short term bills, a…
