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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject6/6/2001 1:25:40 PM
From: Bid Buster   of 37746
 
Fed adds $470 mln in reserves vis Tsy coupon pass - Reuters Securities - 11:14 am
Fed buying US Treasury coupons 11/15/21 - 2/15/29 - Reuters Securities - 10:30 am
Fed drains $3.445 bln in reserves via matched sales - Reuters Securities - 10:15 am
Fed drains reserves via matched sale-purchases - Reuters Securities - 9:34 am

notice the 3.445 bln drain....i've noticed on days the fed doesn't add or drains the markets are down....not a healthy sign when the markets have to be fed to go up.
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