(nearly UNCH, steeper on modest volumes...) while WE slept; spottin' THE turn in macro; 20% decline in house prices POSSIBLE (FRBDallas); UST liquidity (as viewed by those on Liberty Street)
(nearly UNCH, steeper on modest volumes...) while WE slept; spottin' THE turn in macro; 20% decline in house prices POSSIBLE (FRBDallas); UST liquidity (as viewed by those on Liberty Street)
Good morning … Today the Dept of Treasury is throwing a LIQUIDITY EVENT (aka, 20yr Treasury auction) and any increase in liquidity (if only for a few hours of a trading session) will be greeted by those on Liberty Street as a welcome reprieve. Here’s where 20s stand,
Love this as part of my morning routine. Thanks Steve.