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

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To: SeaViewer who wrote (25839)2/4/2005 11:42:00 AM
From: russwinter  Read Replies (8) of 110194
 
Incredibly no liquidity being provided. $7 billion Fed repo matured, replaced with 3.5 b, no coupon pass. 14.5b outstanding is the lowest in several years.
bullandbearwise.com
$8 billion Treasury repo matured, no replacement.

The market has all the appearance of a smoke and mirror exercise (short covering?). I will be amazed if we don't end strongly in the red in a big ugly candlestick day.
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