The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: stevenallen who wrote (25653)	2/1/2005 12:24:22 PM
From: russwinter	Read Replies (3) of 110194

Treasury replaces today's maturing $10 billion repo with $6 billion, due 2/11. fms.treas.gov The big one is manana, $13 billion. Fed replaced today's maturing 8.25 repo with 4.75 maturing manana, bringing total Wed, to 9.25. So a bit of liquidity withdrawal. Note the rates in today's (2.465) and yesterday's (2.505) repos, effectively an early rate increase. ny.frb.org I'm going ahead here midday and reestablishing two-thirds of my put positions sold on Jan. expiration, and will do the rest tomorrow if the market still holds, and there is a net decline in the repo activity prior to FOMC announcement. Note that synthetic economics stock CME blew up today (new competition: the financial glut), a bearish overall sign.

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