FED’S POWELL DOESN’T SPOIL THE FUN; DATA/UNCERTAINTY RULE
–Cross-Currents To Continue and So ‘Patience’ Remains Watchword By Denny Gulino WASHINGTON (MaceNews) – The markets were hanging on Federal Reserve Chairman Jerome Powell’s every word Wednesday afternoon and as he answered questions after the Federal Open Market Committee meeting stocks were roaring, the dollar was weakening, Treasury prices were rallying and pundits everywhere mostly […]
FOMC: NORMALIZATION? READY TO ADJUST IF NECESSARY
WASHINGTON (MaceNews) – The Federal Open Market Committee, having repeated its willingness to be “patient” in its judgments about a strong economy, Wednesday issued a separate statement that was equally reassuring about the pace of normalization – yet refrained from any actual action. There was no assessment of the balance of risks and no big […]
US TSY REFUNDING: TBAC SEES 10-YEAR FINANCING GAP
WASHINGTON (MaceNews) – The private-sector committee of bond market participants advised the Treasury Department that it saw a “significant financing gap” opening up in the next decade as budget deficits expand and foreign participation diminishes. The minutes of the Treasury Borrowing Advisory Committee or “TBAC” were released Wednesday morning along with the department’s borrowing estimates […]
US TSY: NO INCREASE IN AUCTION SIZES; $84B BORROW IN QTR
–$38 Bln in 3-years, $27 Bln in 10-years;$19 Bln in 30-year bonds WASHINGTON (MaceNews) – In its quarterly refunding annouoncement Wednesday morning, Treasury said it plans to offer $84 billion in securities to refund $54.1 billioin in notes and bonds, about what was expected for the upcoming quarter, in which no increase in issuance […]