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Treasury Secretary Janet Yellen hasn’t just been busy hawking cash management bills, her department has also been filling back up with the usual
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The benchmark 10-year US Treasury has obtained some bids. Not long ago the certain harbinger of bond rout doom, the long end maybe has joined the
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Oh, the irony. Recall Janet Yellen’s plight, circa early 2015. Oil prices were “unexpectedly” crashing raining on her recovery-like parade. The
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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
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There are those people who will remain convinced forever forward that the Federal Reserve is run by evil geniuses absolutely intent upon robbing the
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In an environment of increased volatility and uncertainty, maintaining a sufficient buffer of liquid assets may at times detract from the ability to
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Since we highlighted the action in T-bills yesterday and the day before, it’s worth at least mentioning what TIC had to say about the instruments.
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Before getting into the why of the dollar’s stubbornly high exchange value in the face of so much “money printing”, we need to first go back
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It was chaos. Rumors of not one but two large European banks being pushed to the brink. Money market funds worried about breaking the buck rapidly
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On March 2, the Bank of Japan leapt into the stock market, Haruhiko Kuroda burnishing his Superman cape as he flew in to rescue the Nikkei.