QE3 – Alhambra Investments

Swap Mean

Little noticed at the time, October 2012 was quite the roller coaster. Most anyone cared about was QE3, the wonderful, awesome flood of liquidity kindly wise-man Chairman Bernanke had restarted for reasons that didn’t seem so important. Did it matter to the public that the repo market went haywire late in that very same month, at the very same time [...]

Still TIC’ed Off In The Shadows In April

By Jeffrey P. Snider|2020-06-17T17:10:09-04:00June 17th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

On March 15, 2013, the US Treasury Department issued a request for a “large position report” (17 CFR Part 420). Any institution holding $2 billion or more of the 2% notes expiring in February 2023 (10-year maturity) had until March 21 to disclose that fact to the Federal Reserve Bank of New York (faxed disclosures accepted). The repo rate for [...]

Swap Mean

Still TIC’ed Off In The Shadows In April

Stay In Touch

Contact