just because puppy pulled back uP and a bit away from 1.0250 does not yet mean it is definitely on its way to 1.05
dc CB 18:31:08 GMT - 11/22/2022
Gruesome 7Y Auction Sees Biggest Tail Since "That" Feb'21 Sale Which Nuked Bonds
After a subpar and tailing 2Y auction and a mediocre and tailing 5Y auction both of which took place on Monday in the holiday-shortened week, moments ago we got the week's final coupon issuance in the form of $35BN in 7Y paper. It was ugly. In fact, it was almost as ugly as that infamous Feb 2021 7Y auction which sparked a brief selling panic across the Treasury market.
just in case things were made clear already
more mushroom farmers on deck today
mester (yakking as I type)
georeg and bullard yak after 2pm
Mtl JP 11:51:24 GMT - 11/22/2022
US 10-YR 3.791% -0.036
unreasonably low imo
market may see it differently
Mtl JP 09:45:25 GMT - 11/22/2022
BUT beyond the headline
Mester said she’s on board with the reduced pace.
“We’re at a point where we’re going to enter a restrictive stance of policy. At that point, I think it makes sense that we can slow down a bit the ... pace of increases,” she said. “We’re still going to raise the funds rate, but we’re at a reasonable point now where we can be very deliberate in setting monetary policy.”
Mtl JP 09:39:52 GMT - 11/22/2022
mushroom farmer mester:
wants more progress on inflation before ending interest rate hikes
according to Jeff Cox
Mtl JP 09:15:18 GMT - 11/22/2022
stocks looking at the FED pivot prospects
atm with trepidation
Mtl JP 08:51:31 GMT - 11/22/2022
breathless about FED and its "pivot"
GVI08:03:25 GMT - 11/22/2022
A look at the day ahead in European and global markets from Anshuman Daga:
A nationwide spike in COVID-19 cases in China is again the main talking point for weary global markets on Tuesday as Beijing shut parks and museums and more cities resumed mass testing.
Trading volumes in all markets subdued because of World Cup football.
dc CB 00:37:16 GMT - 11/22/2022
US 2year auction today went off at 4.505%
Mtl JP 00:21:36 GMT - 11/22/2022
looks like riksbank is going to sock it to its citizens
Mtl JP 23:22:50 GMT - 11/21/2022
- trying to confuse mushrooms OR
-- are they confused themselves ?
Fed's Daly says 'premature' to rule out another 0.75% rate hike
Fed Can Downshift From 75 Basis-Point Rate Hikes, Mester Says
Bostic said Saturday he is ready to "move away" from three-quarter-point rate hikes at the Fed's December meeting
Brainard Says Rate-Rise Pace Can Slow Soon
Bullard said Thursday that the federal funds rate —now in a range of 3.75% to 4%—would probably have to rise much further to put a damper on inflation.
Mtl JP 22:46:59 GMT - 11/21/2022
Russia Reiterates It Won’t Sell Oil to Nations That Cap Prices
(Bloomberg) -- Russia doesn’t plan to supply crude or oil products to nations that implement a price cap, according to Deputy Prime Minister Alexander Novak.
Mtl JP 22:43:54 GMT - 11/21/2022
did biden buy some for his SPDR on the dip ?
dc CB 21:59:55 GMT - 11/21/2022
Oil prices puked on WSJ rumors that OPEC+ was considering production hikes (which is just dumb) and sure enough they denied it soon enough and WTI prices rebounded dramatically into the green from a $75 handle all the way back up to an $80 handle... (ZH)
Worked in 1987, still works today----WSJ Rumors.
Bud Fox: Blue Horseshoe loves Anacott Steel.
Wall Street (1987)
Manny I Pulation
Mtl JP 15:50:17 GMT - 11/21/2022
GBP 1.1763 also = Pivot1 Sup
Mtl JP 15:47:37 GMT - 11/21/2022
GBP S at 1.1795 under attack
Mtl JP 15:30:29 GMT - 11/21/2022
better than politics
going nowhere everyone in pubs celebratin
DLRx 107.5x - i.e. N of 107 BUT
while some player are itching for "peak Fed”
EURO 1.0253 boowaaahhhh
puppy could not hold 1.0365 and even worse now for the bulls 1.03
Gooodbye ... nahnahnah goodbye 105 (for now at least)
GVI Forex09:06:58 GMT - 11/21/2022
A look at the day ahead in European and global markets from Anshuman Daga
Enthusiasm over recent moves by Chinese authorities to adjust the country's zero-COVID policy is giving way to renewed caution as COVID cases ticked up in Beijing, stoking a risk-off mood in stocks and currencies, while oil prices hit two-month lows.
mm..iiiiii...awwww // grrrrr
* “The market is going to set the price so if you put sanctions on at higher prices, in a way you’re just making the situation worse, in my opinion,” Mnuchin told CNBC’s Hadley Gamble.
* G-7 nations are set to announce a fixed price cap on Russian oil that is exported through certain Western routes.
* Analysts say it will be vital for key buyers of Russian oil, India and China, to back the cap.
Jenni Reid just had to trump-tag mnuchin
(yellen's price cap on Russian oil supposed to start happening Dec. 5 and ...
nice to know that "U.S. Treasury Secretary: A Russian Oil Price Cap Will Benefit China And India)
what is a $100+ pop up saying ? anyone ...
PAR17:01:44 GMT - 11/17/2022
VIX keeps dropping and put options will expire worthlessly.
Wall Street is the big winner. Follow them and enjoy.
dc CB 16:47:45 GMT - 11/17/2022
BULLARD CITES POLICY RULES SUGGESTING RATES OF BETWEEN 5%-7%
They really want 1MM layoffs every month
— zerohedge (@zerohedge) November 17, 2022
Mtl JP 15:08:16 GMT - 11/17/2022
(Reuters) Fed's Bullard: Even "dovish" policy assumptions require further rate increases
Even under a "generous" analysis of monetary policy the Federal Reserve needs to continue raising interest rates probably by at least another full percentage point, St. Louis Federal Reserve President James Bullard said
and some mushrooms chuckled
I think - at risk of potential ridule - that pops (rallies) in USD are Sell Opps
GVI Forex09:51:55 GMT - 11/17/2022
Hi t: Look at the 2-10 year US yield curve -63 bps)
GVI Forex07:53:29 GMT - 11/17/2022
SYDNEY (Reuters) - A look at the day ahead in European and global markets from Wayne Cole
Good is bad again - or vice versa - as markets worry upbeat U.S. retail sales will lead to higher interest rates for longer.
technically puppy continues with a bullish overtone
1.0280 curr Sup
Mtl JP 14:41:23 GMT - 11/16/2022
looking at atocks u d never know yields off
GVI Forex14:27:36 GMT - 11/16/2022
US yields off
Mtl JP 09:52:39 GMT - 11/16/2022
fresh from optometrist
Running Even Hotter Through Next Year
Nov 15, 2022 (Bloomberg) -- Economists see US inflation running hotter through next year than they did a month ago and recession odds continue to mount against a backdrop of rising borrowing costs.
Mtl JP 09:08:41 GMT - 11/16/2022
credit: the Covid-19 pandemic
World Population Hits 8 Billion, U.N. Says - wsj Nov. 15
The planet reached the milestone about a year later than expected because of the Covid-19 pandemic.
dc CB 17:48:40 GMT - 11/15/2022
OrangeManBad making a YUGE Announcement this eve---9PM from the Winter Palace.
10 Yr 3.801% - 0.068
dc CB u still hold to the 900lb Gorilla theory and rocks in head about early next year diesel prices improving consumer experienece ?
Mtl JP 15:08:02 GMT - 11/15/2022
"as we all know" according to lisa cook
(Reuters) - Federal Reserve Governor Lisa Cook on Tuesday said the U.S. central bank is focused on addressing inflation that is "much too high", and businesses and elected officials may be better able to address issues of disparity in the labor market.
"Monetary policy is, as we all know, a blunt instrument," Cook said at a Bank of Canada event on diversity, equity and inclusion in economics, finance and central banking. "The focus for the Federal Reserve is on addressing inflation, and we want a sustainable, strong labor market."
Mtl JP 14:51:46 GMT - 11/15/2022
lest I forget no.2 mushroom farmer Fed Vice Chair Lael Brainard who on Monday during an event hosted at Bloomberg’s Washington bureau mused that:
“It will probably be appropriate soon to move to a slower pace of increases, but I think what’s really important to emphasize, we’ve done a lot, but we have additional work to do.”
this too made at least one mushroom chuckle
Mtl JP 14:45:32 GMT - 11/15/2022
short while ago thus spoketh mushroom farmer harker
(Bloomberg) -- Federal Reserve Bank of Philadelphia President Patrick Harker said he expects officials to slow the pace of their interest-rate increases as monetary policy approaches a sufficiently restrictive level.
“In the upcoming months, in light of the cumulative tightening we have achieved, I expect we will slow the pace of our rate hikes as we approach a sufficiently restrictive stance,” Harker said Tuesday in prepared remarks to the Global Interdependence Center in Philadelphia. Sometime next year, “I expect we will hold at a restrictive rate for a while to let monetary policy do its work.”
For months the US has repeatedly tried to coerce India into cutting ties with Russia, thereby abandoning its national interests. New Delhi, however, continues to spurn American attempts to subject its economy to Washington’s dictates.
The latest fuss concerns the G7 price cap on Russian oil and EU and UK bans on shipping and related services for Russian crude. India continues to have no interest in joining the US-led initiative as it gets a steep discount on oil from Russia and wants to maintain the relationship with a long-time strategic partner. Indian Foreign Affairs Minister Subrahmanyam Jaishankar was just in Moscow on Nov. 8 to discuss continued sales of oil. From the South China Morning Post:
Oh! what a relief! At least Ms.Yellen agrees with me... lol
Same thing I've been saying all these years...
"It is the view that economics—properly analysed and applied—makes the world a better place."
The lady got so much experience and credibility that I feel she's probably better off as the next president... no offense to biden and trump and other future presidential candidates... But forget about Recession... Anyhows, about India buying russian oil, well that justifies my rate hike projections to stop @ 9.52% - 9.54%...
Mtl JP 18:48:05 GMT - 11/12/2022
EXCLUSIVE India can buy as much Russian oil as it wants, outside price cap, Yellen says
The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap,
As Yellen seeks closer US-India economic ties, India dropped from currency monitoring list
"Yellen Calls for ‘Stabilizing’ U.S. Relations With China Ahead of G20
The Treasury secretary said in an interview that the United States was not trying to “paralyze China’s economy and stop its development.”
Yellen Unfamiliar With New China Economy Heads, Policy Direction
Treasury Secretary Janet Yellen said President Xi Jinping’s consolidation of power in China had brought uncertainty over the direction of economic policy in that country, making it important to re-open the lines of communication between Washington and Beijing
America’s treasury secretary is known for her meticulousness and “moral passion”
Yellen. By Jon Hilsenrath. Harper Business; 400 pages; $32.50 and £25
Empathy Economics. Owen Ullmann. PublicAffairs; 480 pages; $32 and £25
CPI----on the gound reality....wait for the Jan and Feb reports.
**"The 900lb Gorilla in the room this month is fuel oil, which is, as many people do not know, #2 diesel. It was up a stunning 19.8% on the month and stands at 68.5% up from last year this time. Anyone expecting the consumer experience to improve with that record has rocks in their head, never mind those who use it for heating that are about to get a visit from the proctologist this winter."**
dc CB 18:10:48 GMT - 11/11/2022
Wild Week? Next week OpEX
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.7 percent before seasonal adjustment.
The index for shelter contributed over half of the monthly all items increase, with the indexes for gasoline and food also increasing.
***"If you were short into this there was no getting away from what went up your backside; a literal 100 handles went into the Spoos within seconds and I'm quite sure if you'd been short you would have been gapped over, so a stop would have gotten you exactly no protection."***
(The Market Ticker)
Supreme Court's Sotomayor Denies NYC Workers' Bid To Halt Vax Mandate
The appeal was from workers who were fired after the city refused their requests to be exempted on religious grounds.
Oil Trades Above $90 On China Reopening Optimism
Commodities Soar After China Eases Quarantine Rules
Bulls have been waiting for such a trigger ... these events may be enough to wash out all the bears and set up a strong and sustained rally."
Mtl JP 14:19:17 GMT - 11/11/2022
EURO holding price
DLRx holding price
Risk turning down some
GBP turning down some
Mtl JP 14:11:27 GMT - 11/11/2022
headlines about janet 'Will Not Be Indifferent' yellen
plans to meet Yi Gang on the sidelines
India indispensable partner to United States, says Janet Yellen
India and the U.S. are natural allies, Janet Yellen says
Yellen Takes Friendshoring Case to India in Push Against China
US' Treasury Secretary Janet Yellen meets India's Finance Minister Nirmala Sitharaman
-- She is in India ahead of US' approach to encourage the former to purchase Russian oil under a price that is determined by the US
In first trip to India, US Treasury chief Janet Yellen pitches for a global trade route away from China
Exclusive-U.S. Treasury's Yellen to meet with China central bank chief at G20 summit in Bali
U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she plans to meet with China's central bank governor Yi Gang on the sidelines of the G20 Summit in Bali
Mtl JP 13:36:27 GMT - 11/11/2022
Squeals of delight and satisfying chuckles eminating from Eccles HQ
more moRE MORE !
"Crypto peaked a year ago — investors have lost more than $2 trillion since" - cnbc
Mtl JP 12:11:57 GMT - 11/11/2022
anti-dollar animal spirits currently in charge
puppy will need to pop back N of 107 , preferably N of 108.50
to revive usd bull cycle
hk ab 11:30:00 GMT - 11/11/2022
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