What’s Behind the Fed’s Bailout of the Repo Market? by Wolf Richter • Nov 6, 2019 • 61 Comments Whose Bets are Getting Bailed Out by the Fed’s Repos & T-Bill Purchases?
Yield Curve Un-Inverts, 10-Year Yield Spikes, Middle-Age Sag Disappears by Wolf Richter • Nov 5, 2019 • 103 Comments It happened. Hallelujah. Or maybe better: Watch Out! Yield Curve Spaghetti.
THE WOLF STREET REPORT: What’s Behind the Fed’s Bailout of the Repo Market? by Wolf Richter • Nov 3, 2019 • 104 Comments Whose Bets are Getting Bailed Out by the Fed’s Repos & Treasury Bill Purchases?
Why Banks Didn’t Lend to the Repo Market When Rates Blew Out: JPMorgan CEO Dimon by Wolf Richter • Oct 15, 2019 • 89 Comments “Does that mean that we have bad markets?”
Without the Outliers, Inflation Is Running Hot. Fed Has Started Mentioning these Measures in the Minutes by Wolf Richter • Oct 14, 2019 • 77 Comments Cleveland Fed’s Underlying Inflation Measure Hits 3.0%, Hottest in the Data.
10-Year Yield Jumps, Yield Curve Steepens, on Fed’s Plan to Buy $60 Billion a Month, But Only Short-Term Treasury Bills by Wolf Richter • Oct 11, 2019 • 95 Comments Ending the repo market blowout and un-inverting the yield curve.
How the Crybabies on Wall Street Try to Force the Fed into QE-4 by Wolf Richter • Oct 10, 2019 • 70 Comments The repo blow-out — whoever instigated it — comes in real handy.
The Day When Repo Rates Blew Out: Fed Recounts a Fiasco that Occurred as the FOMC Was Meeting, and How it Reacted by Wolf Richter • Oct 9, 2019 • 53 Comments I wish I could have sat in that meeting, watching the bewildered faces of Fed officials as they got hourly updates on repo rates blowing out.
Fed Didn’t See Economic Reasons to Cut Rates, Admits Cutting for Other Reasons: My Fancy-Schmancy “Fed Hawk-o-Meter” by Wolf Richter • Oct 9, 2019 • 48 Comments Fed Sent Big-Fat Message on “U.S.-China Trade Tensions” to White House.
Repos Boost Fed’s Assets by $181 Billion by Wolf Richter • Oct 4, 2019 • 97 Comments Meanwhile, the Fed relentlessly sheds MBS, replacing them with Treasuries, including short-term Bills.
