Posted on 08/12/2013 12:14:34 PM PDT by whitedog57
The US Treasury auction went off better than last week’s 10 and 30 year auctions.
ta36mth
Particularly with regard to the bid/cover ratios. The 6 month bid/cover remains at 5.01 while the 10 year and 30 year are lower and at their 2nd lowest point since early 2009 when QE1 began.
This is indicating that there are fears that The Fed will slow down the taper of $88 billion per month in Agency MBS and Treasury purchases. But at the long- and mid-section of the yield curve, not the short-end.
Here is a chart of Expected Future Outcomes and Most Likely Path(s) for the Fed Funds rate. Yes, it looks like the market is forecasting a low Fed Funds rate for a while.
fedfundsforecast
This chart reminds me of a Carnival Cruise Ship.
carnival_cruise_lines-940x380
And it will REALLY remind me of a Carnival Cruise Ship if The Hindenburg Omen turns out to be correct!
hindfedbal
CBS Cruise Nightmare(1)
It's your own damned blog.
Post your stolen charts here.
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