Weekly Flow Of Funds Summary
An overview of where money is moving most recently, from Morgan Stanley. Overall a mixed picture, with anyone who has half a brain dumping as many MBS as the Fed will buy (i.e., all of it), coupled with a mildly declining interest in Treasurys.
Futures Spec Positions: Unwinding Front Longs + Back Shorts. For the week ending December 1, specs took off $2B of 10y equivalents in front-end longs and $10B equiv. in back-end shorts
Primary Dealer Positions: Buying USTs / Mixed Spread Product. For the week ending November 25, dealers bought $16B Treasuries (mostly in the front end) while selling $2B of MBS
Commercial Banks: Deposits +$33B / USTs +$2B / MBS -$10B. For the week ending November 25, bank deposits rose $33B, while Treasury/Agency holdings inched up $2B and MBS fell $10B
Foreign Central Bank Flows: UST +$5B / Agency-MBS +$1B. For the week ending December 2, FCB weekly average holdings of Treasuries rose $5B; Agency/MBS increased $1B
Fed Balance Sheet: Flat at $2.25T - For the week ending December 2, the Fed’s balance sheet contracted by $3B –with only FX Swap Lines down $3B to $23B
Sep TIC Data: Foreigners Continue to Overweight Treasuries. Private accounts and FCBs purchased a total of $45B Treasuries in September (50% higher than the 12-month pace), led by JP + China
Oct Mutual Funds: MM Outflows / Bond Fund Inflows Continue$64B MM fund outflow / $43B fixed income inflow / $5B equity
And this is how Morgan Stanley is announcing it is axed to sell Treasuries, courtesy of several easy on the eye charts.
(1 vote)
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on Mon, 12/07/2009 - 14:35
#155626
I go out about 1PM for lunch I drive by Mariner HS in my neighborhood. There is a fleet of school buses leaving the school EMPYT. I have to get behind them breathing their pollution and watch them wasting gas going back to the bus barn EMPYT. I called Fox news today because they have been covering school bus issues. I told them, can't they just stay at the school and wait for the kids to let out? They told me they go back because of overtime issues. I told them, couldn't they just use one or two of those buses to take the bus drivers back to the bus barn and then bring the bus drivers back to the school where most of the buses are when school lets out? They told me that's a great idea, can we contact you for an interview? I said absolutely. We can save the tax payer up to 50% on fuel costs and up to 50% on wear and tear right there.
on Mon, 12/07/2009 - 15:28
#155721
In order to enhance what nature has provided you for the interview, wear lots of makeup.
on Mon, 12/07/2009 - 15:30
#155727
I know. That Pelosi mug is just gruesome.
+1000
on Mon, 12/07/2009 - 16:26
#155805
That's freaking astounding.
Good on you!!!
I'm going to pass this on.
on Tue, 12/08/2009 - 05:01
#156309
Are you serious?? You are the first, you offered them this idea? :)))))))
on Mon, 12/07/2009 - 15:27
#155719
Wow, what a fucking hero!
on Mon, 12/07/2009 - 17:49
#155896
Well, the dollar could not get crushed forever. Either the ECB keeps their rates low, and puts pressure on the Euro, or the Fed hikes sooner than expected. Hiking aggressively may be tough after the Fed stops buying mortgages at the end of March '10.
That said, you can see all the moving average crosses as they happened our Market News Feed at twtter.com/empirasign.
We had the EUR/USD 50d cross as it happened:
http://twitter.com/empirasign/status/6436801112
http://www.empirasign.com/rates/forex/macross/?xml=EURUSD
on Mon, 12/07/2009 - 18:16
#155934
Well, the dollar could not get crushed forever. Either the ECB keeps their rates low, and puts pressure on the Euro, or the Fed hikes sooner than expected. Hiking aggressively may be tough after the Fed stops buying mortgages at the end of March '10.
That said, you can see all the moving average crosses as they happened our Market News Feed at http://twitter.com/empirasign.
We had the EUR/USD 50d cross as it happened:
http://www.empirasign.com/rates/forex/macross/?xml=EURUSD
on Tue, 12/08/2009 - 02:29
#156281
There is waste like this everywhere with common sense solutions. Good job