Lee AdlerThe Federal tax collection data for January makes you wonder. Why did the Fed panic? True, withholding tax collections collapsed, thanks to the government shutdown.…
You’re probably dying to know what I think about the FOMC statement and Chairman Pow’s press conference today. OK, maybe not, but this report will tell…
Thanks to the government shutdown (GSD) the Treasury had a few extra shekels lying around this month, and it used those to pay down T-bills.…
Lee Adler’s Liquidity Trader is in pre-official launch mode, but fully functional. Try Lee Adler’s Liquidity Trader risk free for 90 days! Prelaunch special. Subscribe now…
Prior to the onset of QE in 2009, a normal reserve position meant tight reserves. There were virtually no excess reserves on the Fed’s balance…
The media had been excusing the stock market decline, and explaining the bond market rally in December by saying that investors were worried about slowing…
Treasury demand trends have looked bullish in the short run, but they’re just laying the seeds of that, “Bullish? Not so much!” hangover.
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