11 / 1 / 2024 : 13 week to 10 spread is now at its lower level -- 12.3 bp -- large cash flux fro Federal Reserve banks into both bond and equity markets

Cancelthis · 2024-11-01T14:06:33+00:00

Large cash flux into both U.S. Treasury and into equity markets and banks today --

for 2 year notes began at 0600 Eastern time

Cancelthis · 2024-11-01T14:09:07+00:00

evidence for rapid turn arounds in Federal Reserve banks open market operations -- not random, but rapid large scale.

Cancelthis · 2024-11-01T14:16:36+00:00

by mid morning down to 12 bp

Cancelthis · 2024-11-01T14:38:00+00:00

Then 8.8 bp at 10 37 am

Cancelthis · 2024-11-01T15:18:23+00:00

reduced to 6.8 bp at 11 18 am

Cancelthis · 2024-11-01T15:54:44+00:00

then 6.7 bp at 11 55 late morning EST

Cancelthis · 2024-11-01T15:57:11+00:00

Large scale shifts

issuances shift out of short term

into 10 year notes --

and maybe even into 5 year notes

Consider this

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