Quarter End Repetition

By |2016-03-31T17:54:59-04:00March 31st, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It is quarter end, so illiquidity irregularity is to be expected except that it isn’t irregular really. Eurodollar futures have been heavily bid for three days in a row now, leaving four consecutive up days for the first time since the liquidations. And because I am a sucker for fractal behavior, repo markets proved that quarter end is still what [...]