Lee AdlerFederal withholding tax collections soared last month and continued to do so in the first few days of January. I wondered if this was an…
The US Treasury has been pumping a gusher of cash into the market ecosystem in December, but Composite Liquidity remains flat. And that, my friends…
I have long operated on the assumption that the US Treasury will follow the TBAC issuance forecast, with exceptions only in obvious emergencies. That assumption…
Last week I took a pre end of month look at the withholding taxes for November because of the earlier than usual release of the…
Last month’s discussion of the US Treasury doing bond buybacks on the heels of a reeling bond market has faded into the background, thanks to…
That’s right. Inflation is dead. But it doesn’t matter, because the Fed won’t pull the stake out of its heart until it’s too late. I’ll…
Obviously, no market moves in a straight line, and this one is no exception. The technical analysis says the rally in Treasuries will have legs,…
In Part 1, we saw a rebound in withholding tax collections after 3 down months. October also saw a very strong gain in individual estimated…
Federal withholding tax collections rose in October, breaking a string of 3 previous consecutive monthly declines. Guessing the BLS nonfarm payrolls manipulated number is always…
The stock market looks even more oversold versus macro liquidity than it was in August. So, no surprise, it, and the bond market have both…
Watch out! The US Treasury is now in the process of actively discussing buying back outstanding Treasury notes and bonds in an effort to bolster…
The PPI reading on Wednesday includes data which now enables us to project when the Fed will stop raising the Fake Funds rate. I call…
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