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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (39764)8/25/2005 4:39:40 PM
From: russwinter  Read Replies (3) | Respond to of 110194
 
I checked the actual Fed funds quote, and it is pricing a normal 25 bp increase for 9/20. The other site is wrong, don't wish to send you down the wrong path.
cbot.com

They are pricing another increase to 4.0 in November, and then one pause over next two FOMC meetings. The Fed is very accomodative right now, lots of repos and coupon passes, printing lots of money for takers at these rates, so they can go make those dicey, high risk mortgages at tiny margins that the Wizards think is the regulator's responsibilty. Economic weakness, and roaring printing presses, a real witches brew.

FCB's were gone this week:

U.S. Treasury 1,096,177 - 3,319

Federal agency 369,625 + 811