Bill Issuance Has Absolutely Surged, So Why *Haven’t* Yields, Reflation, And Other Good Things?
Treasury Secretary Janet Yellen hasn’t just been busy hawking cash management bills, her department has also been filling back up with the usual
Treasury Secretary Janet Yellen hasn’t just been busy hawking cash management bills, her department has also been filling back up with the usual
When the 4-week Treasury bill equivalent yield traversed the so-called RRP “floor” back in 2017, hardly anyone noticed. With rates nominally
Oh, the irony. Recall Janet Yellen’s plight, circa early 2015. Oil prices were “unexpectedly” crashing raining on her recovery-like parade. The
There is another part to the upcoming July debt ceiling constraint. On the one hand, as noted last week, the Department of Treasury will have to draw
FIIs eased up on their huge selling spree. They were net sellers of equity on the first four trading days, but were net buyers on Fri. Mar 27. Their
The Federal Reserve conducts reverse repo operations (RRP) daily, and has for more than half a decade. These are very different from the
I thought this one needed a separate notation, though the same subject as the previous article. We’re still talking about the foreign repo pool, or
During a holiday-shortened trading week, FIIs were net buyers of equity on Mon. Jun 3, but net sellers on Tue., Thu. and Fri. (Jun 4, 6, and 7).