the Fed signals no end to QT just yet, while an uninverted curve coincides with dollar strength and increased hedge fund demand for repos. Money market charts now look goofy, thanks to rate cuts...
Mtg repo collateral really took the brunt of window dressing on QE. A couple of ideas on why it happened to the degree it did. Would you have any insight into why you think the move higher was as drastic as it was?
We kept seeing negative swap spreads in US treasury market ... are there forward liquidity inference we can make on repo market especially in relation to sofr movements?
"From a macro perspective, equities likely have more near-term upside than bonds and precious metals. We still expect consolidation in DXY, bonds, and precious metals before a continuation of the prevailing trend." so you still still see some uptrend for DXY and precious metals after consolidation? Also Bonds?
Man, I love this. Makes me miss my Bloomberg less.
Is the recenr quarter-end sofr spike concerning?
No it was widely expected (minus the small usage of the SRF).
Mtg repo collateral really took the brunt of window dressing on QE. A couple of ideas on why it happened to the degree it did. Would you have any insight into why you think the move higher was as drastic as it was?
all the usual triggers were present
We kept seeing negative swap spreads in US treasury market ... are there forward liquidity inference we can make on repo market especially in relation to sofr movements?
Can you explain why the charts look goofy?
rate cuts!
"From a macro perspective, equities likely have more near-term upside than bonds and precious metals. We still expect consolidation in DXY, bonds, and precious metals before a continuation of the prevailing trend." so you still still see some uptrend for DXY and precious metals after consolidation? Also Bonds?
Hi Conks, am a subscriber. Would it be possible to change the color of the back graph to white as before?
Thank you as always 👏🏾👏🏾