The market sailed through 3 Treasury auctions unscathed today. 4 week bills, 52 week bills, and 3 year notes all went off without a hitch, raising $40 billion in new cash. The market had no trouble absorbing the new supply, thanks to continued panic levels of buying and support from Ben and Co. Bid/cover ratios…
Tag Archive for Treasury Auctions
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Bids Pour In To Treasury Auctions – Professional Edition
by Lee Adler • • 2 Comments
Massive indirect bids at Tuesday’s Treasury auctions suggest that the Treasury buying panic, far from subsiding, is actually building again. 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 useful, I will give you…
Liquidity Trader Complete, Professional Edition
Cannibalistic Self Destruction – Professional Edition Fed Report
by Lee Adler • • 0 Comments
The tidal wave of Treasury supply overwhelmed the stock market this week. It should never come as a surprise when this happens because the Treasury calendar isn’t exactly a secret. We are well aware that whenever the Treasury starts pounding the market with $50 billion a week or more in new paper, something must get…
Liquidity Trader Complete
Fed Report
by Lee Adler • • 0 Comments
There were no Treasury auctions today. The Treasury announced next week’s 13 and 26 week bill auctions today, a day earlier than usual due to the holiday. Both will be for $28 billion. Both are $1 billion more than the TBAC estimate made on October 31. Both are $1 billion more than the amounts expiring…
Liquidity Trader Complete, Professional Edition
Fed Report Publication Note
by Lee Adler • • 0 Comments
The Fed Report will not be published today. There were no Treasury Auctions, no new Treasury Announcements, and no substantive changes in any of the other data tracked in the report except for the Mortgage Applications Index. That showed a steep drop to another 7 year low, below the lowest level recorded in 2001. It’s…
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Messy Mass of Fed Data Makes Some Sense- Professional Edition
by Lee Adler • • 0 Comments
Thursday’s Treasury auctions again showed minor cracks in the façade with a weak indirect bid on the 30 year bond and a smaller indirect bid on the CMB than on last week’s CMB auction. The Treasury announced next week’s schedule, and it appears that new supply next week will be around $30 billion, up from…
