Yield Curve Gets Ugly, 10-Year Treasury Yield Falls Below 1% for First Time Ever, 30-Year at Record Low, on Rising Inflation by Wolf Richter • Mar 3, 2020 • 137 Comments Ready for another shock-and-awe panic-cut by the Fed? Last time the Fed panic-cut was in 2007/2008, and look what happened to stocks.
Stocks Sag as Fed Cures Coronavirus by Cutting Rates ½ Percentage Point by Wolf Richter • Mar 3, 2020 • 226 Comments Disappointed the Fed didn’t print antibodies?
“Nothing Goes to Heck in a Straight Line,” Not Even Stocks Today by Wolf Richter • Feb 28, 2020 • 225 Comments Wow, what a day, what a week, what a 15-minute spike at the end!
Median CPI Runs Hot, Fed Averts Eyes by Wolf Richter • Feb 13, 2020 • 86 Comments Despite the Fed’s proclamations, the dollar lost purchasing power at a good clip.
End of QE-4: Fed’s Repos Drop Below Oct 2 Level, T-Bills Balloon, MBS Fall, Total Assets Down to Dec 25 Level by Wolf Richter • Feb 7, 2020 • 112 Comments Repo-blowout solved, the Fed is stepping back as lender-of-first-resort.
Fed’s Repos Drop to Oct Level, T-Bills Surge, But MBS Fall, and Total Assets Decline Further by Wolf Richter • Jan 23, 2020 • 83 Comments Those counting on the Fed’s endless “Not-QE” or whatever to inflate the market might be disappointed.
Fed Pays $35 Billion to Banks, $6 Billion to Reverse-Repo Counterparties in Interest for 2019, Remits $55 billion to US Treasury by Wolf Richter • Jan 12, 2020 • 112 Comments Then there are the dividends it pays its member banks.
The Wall Street Journal (and Other Media) Should Stop Lying About Repos by Wolf Richter • Jan 10, 2020 • 206 Comments My patience has been exhausted.
Fed Drains $45 Billion from Repo Market, back to Oct Level. T-Bill Purchases Continue. Assets Shrink by Most Since QT by Wolf Richter • Jan 9, 2020 • 78 Comments The week after the year-end Repo Chaos didn’t happen.
What the Fed Did to Calm Year-End Hissy-Fit of its Crybaby Cronies on Wall Street by Wolf Richter • Jan 2, 2020 • 105 Comments But on Jan 1, it removed $64 billion in liquidity via gigantic “Reverse Repo.” And it continues to shed MBS.