Don't look now, but things aren't as good as it seems. While the S&P has rallied in the last few days...has anyone noticed a worrying trend in the US Fed 28-day auctions? Bids were 55B (Jan15), 37B(Jan29), 58B(Feb12), 68B(Feb26) for the last 4 auctions. If anything, it seems to be getting worse. Liquidity is still scarce! Buyer beware...
J
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment