by Summary:
It’s been a week of quite righteous focus on collateral. The 4-week bill equivalent yield closes it at just 114 bps, with only three days left before the RRP “floor” is moved up by the FOMC to 125 bps. That’s too much premium in price, though we know why given what FRBNY reported for repo fails last week. With all that, there’s really nothing much to say about what’s below. OK, there is, but I’ll save that for next week. In the meantime, you can go back to 2013 to review the mechanics of gold as collateral-of-last-resort. US Treasuries, Jan 2017 - Dec 2017(see more posts on U.S. Treasuries, ) - Click to enlarge Dollar Correlations, Aug 2016 - Dec 2017 - Click to enlarge
Topics:
Jeffrey P. Snider considers the following as important: Collateral, currencies, economy, Featured, Federal Reserve/Monetary Policy, Gold, Markets, newsletter, Repo, The United States, U.S. Treasuries
This could be interesting, too:
It’s been a week of quite righteous focus on collateral. The 4-week bill equivalent yield closes it at just 114 bps, with only three days left before the RRP “floor” is moved up by the FOMC to 125 bps. That’s too much premium in price, though we know why given what FRBNY reported for repo fails last week. With all that, there’s really nothing much to say about what’s below. OK, there is, but I’ll save that for next week. In the meantime, you can go back to 2013 to review the mechanics of gold as collateral-of-last-resort. US Treasuries, Jan 2017 - Dec 2017(see more posts on U.S. Treasuries, ) - Click to enlarge Dollar Correlations, Aug 2016 - Dec 2017 - Click to enlarge
Topics:
Jeffrey P. Snider considers the following as important: Collateral, currencies, economy, Featured, Federal Reserve/Monetary Policy, Gold, Markets, newsletter, Repo, The United States, U.S. Treasuries
This could be interesting, too:
Guillermo Alcala writes USD/CHF slides to test 0.8645 support with US inflation data on tap
Swissinfo writes Swiss central bank posts CHF62.5bn profit
Nachrichten Ticker - www.finanzen.ch writes Trump-Faktor und Marktbedingungen könnten für neuen Bitcoin-Rekord sorgen
Charles Hugh Smith writes Is Social Media Actually “Media,” Or Is It Something Else?
| It’s been a week of quite righteous focus on collateral. The 4-week bill equivalent yield closes it at just 114 bps, with only three days left before the RRP “floor” is moved up by the FOMC to 125 bps. That’s too much premium in price, though we know why given what FRBNY reported for repo fails last week. With all that, there’s really nothing much to say about what’s below. OK, there is, but I’ll save that for next week. In the meantime, you can go back to 2013 to review the mechanics of gold as collateral-of-last-resort. |
US Treasuries, Jan 2017 - Dec 2017(see more posts on U.S. Treasuries, ) - Click to enlarge |
Dollar Correlations, Aug 2016 - Dec 2017 - Click to enlarge |
Tags: collateral,currencies,economy,Featured,Federal Reserve/Monetary Policy,Gold,Markets,newsletter,repo,U.S. Treasuries