Tag Archive for Treasury Auctions

The Bernank vs. The Gross, Who Surrenders? Professional Edition Fed Report

Some of the warning signs that I enumerated in the February 5th report (reproduced below) have abated, but others have not. Foreign central banks are back at the Treasury auctions. That has helped to prevent a collapse in the Treasury market and has helped to keep the stock market fiddling while Athens, Dublin, Cairo and…

Tailwinds Subsiding- Professional Edition

Bidding remained astronomical at this week’s Treasury auctions. Thanks to light Treasury supply, excess cash flowed toward stocks. However the decline in Treasury yields stalled as the market considered the $83 billion or so in new supply that will descend upon it next week. Click here to download complete report in pdf format (Professional Edition…

Treasuries and Dollar Bad Portents for Stocks- Professional Edition

The 13 week cycle projection on the dollar has risen, and on Treasury yields has fallen. There were slight signs of deterioration at this week’s Treasury auctions. The market faces massive new supply next week. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty…

As Good As It Gets for Treasuries- Professional Edition

This week’s Treasury auctions are complete, and no surprise, they were strong, helped along by a debt paydown and the sovereign debt fears sweeping Europe. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information…

Smoking Dope – Professional Edition Fed Report

The awful performances of the longer term Treasury auctions contained within them a sign that foreign central banks are beginning to reverse a normal intermediate cycle upswing in their purchases of Treasuries and GSEs. The long term trend of FCB purchases continues to be down. The Treasury has expressed confidence that the domestic banking system…