Menu Close

Category: US Treasury Market and Tax Revenue Trends

Analysis of new Treasury supply and major demand market segments to estimate market liquidity impacts for bonds and stocks. Click here to subscribe. 90 day risk free trial!

January Treasury Data – Boffo Revenues, Soaring Outlays and Deficit

Withholding tax collections are soaring. But despite that and the massive stimulus of skyrocketing government outlays and ever widening deficits, the ‘conomy is only so-so. Here’s why, what it means for liquidity and the markets. And of course, what you should do about it.

Subscribers, click here to download the report.

Read Lee Adler’s Liquidity Trader risk free for 90 days! 90 day risk free trial offer is for first time subscribers only.

The Big Treasury Margin Call is Called Off

With the light supply and the Fed money putting the wind at their backs, Primary Dealers got a gift on top of that. Coronavirus. The panic that induced has driven money out of stocks and into bonds. Just what they needed.

Subscribers, click here to download the report.

90 Days Risk Free If You Join Now!

Get this report and access to past reports.  Read Lee Adler’s Liquidity Trader risk free for 90 days! 90 day risk free trial offer is for first time subscribers only.

When the Dealers Will Say WTF and Just Keep Selling

Dealers cut back their fixed income inventories ever so slightly over the past month. They also increased their hedges, but again, slightly. They are still near historical record net long positions, and still carry historic levels of leverage.

With a bulge in Treasury supply on the way, is this where the bond market might trigger them throwing up their hands and saying WTF, despite the Fed?

Subscribers, click here to download the report.

Also, I have republished Thursday’s Treasury market update due to a faulty posting with  links to an earlier report. Those errors have have now been corrected. I apologize for the delay!

90 Days Risk Free If You Join Now!

Get this report and access to past reports.  Read Lee Adler’s Liquidity Trader risk free for 90 days! 90 day risk free trial offer is for first time subscribers only.

Market Conditions Were As Good As It Gets

Supply and demand conditions for stocks and bonds have been as good as it gets over the past month. We can thank the Fed’s Not QE program, and light Treasury supply for that.

Subscribers, click here to download the report.

90 Days Risk Free If You Join Now!

Get this report and access to past reports.  Read Lee Adler’s Liquidity Trader risk free for 90 days! 90 day risk free trial offer is for first time subscribers only.

Monthly Treasury Data Confirms Slower Growth- Bullish!

Federal revenues softened in December. That could be just a blip, or it could be the first signs of a looming recession. It’s bullish if it is, and bullish if it isn’t. Here’s why everything is bullish.

Subscribers, click here to download the report.

90 Days Risk Free If You Join Now!

Get this report and access to past reports.  Read Lee Adler’s Liquidity Trader risk free for 90 days! 90 day risk free trial offer is for first time subscribers only.

Federal Revenues Grew Slower, Spending Faster in December

Federal tax collections were a bit softer in December than in recent months, but overall were in the same growth path as throughout the past year. That signals that the US economy isn’t doing much differently than the pace it has been for the past several years. Here’s why that’s still bad news, and what you should do about it.

Subscribers, click here to download the report.

90 Days Risk Free If You Join Now!

Get this report and access to past reports.  Read Lee Adler’s Liquidity Trader risk free for 90 days! Satisfaction guaranteed or your money back.

90 day risk free trial offer is for first time subscribers only.