Tag Archive: Primary Market

Bill Issuance Has Absolutely Surged, So Why *Haven’t* Yields, Reflation, And Other Good Things?

2021-11-02

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2021-11-02

Treasury Secretary Janet Yellen hasn’t just been busy hawking cash management bills, her department has also been filling back up with the usual stuff, too. Regular T-bills. Going back to October 14, at the same time the CMB’s have been revived, so, too, have the 4-week and 13-week (3-month). Not the 8-week, though.

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RRP No Collateral Coincidences As Bills Quirk, Too

2021-07-12

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2021-07-12

Federal Reserve: Liabilities and Capital, Jan 2021 - Jul 2021
So much going on this week in the bond market, it actually overshadowed the ridiculous noise coming from the Fed’s reverse repo. Some maybe too many want to make a huge deal out of this RRP if only because the numbers associated with it have gotten so big.

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ECB Assets Rise Above 36 percent Of Eurozone GDP; Draghi Now Owns 10.2 percent Of European Corporate Bonds

2017-01-31

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2017-01-31

ECB Corporate Sector
The ECB's nationalization of the European corporate bond sector continues. In the ECB's latest update, the six central banks acting on behalf of the Euro system provided an update on the list of corporate bonds they bought. They bought into 810 issuances with a total of €573bn in amount outstanding.

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ECB Assets Hit 35 percent Of Eurozone GDP; Draghi Owns 9.2 percent Of European Corporate Bond Market

2016-12-23

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2016-12-23

Weekly purchases under the expanded asset purchase programme
As global markets bask in the glow of the Trumpflation recovery, the ECB continues to be busy providing the actual levitating power behind what DB recently dubbed global "helicopter money", by buying copious amounts of bonds on a daily basis (at least until tomorrow when the ECB goes on brief monetization hiatus, and Italy will be on its own for the next two weeks).

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The ECB Made A Mistake During Its Daily Bond Purchases

2016-10-19

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2016-10-19

Something unexpected happened when the ECB released its latest bond purchase data at during its scheduled release time on Monday: in addition to the purchase of at least 20 separate corporate bonds under the bank's CSPP bond buying program during the week ended October 14, amounting to a total of €1.84 billion, which lifted the number of securities held by the central bank to 660, bringing the total to amount of its holdings to €33.8 billion, or...

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