Silver as an investment

Category Archives: Foreign Central Banks

We Give Up! Government Spending And Deficits Soar Pretty Much Everywhere

  We Give Up! Government Spending And Deficits Soar Pretty Much Everywhere Posted with permission and written by John Rubino, Dollar Collapse     A recurring pattern of the past few decades involves governments promising to limit their borrowing, only to discover that hardly anyone cares. So target dates slip, bonds are issued, and the […]

Ugly, Tailing 7 Year Auction Spooks Market As Foreign Buyers Flee

After one poor and one mediocre auction, today’s sale of $28 billion in 7 year paper was a fiasco, stopping at 2.23%, a massive 1.7bps tail to the 2.213% When Issued, if below last month’s 2.28% courtesy of the ongoing yield curve flattening which increasingly include the belly of the curve. The internals were just […]

“When To Worry?”: How Long After The Curve Inverts Does The Recession Begin

The recent (bear) flattening of the US yield curve to levels not seen since before the GFC, a move which has only accelerated in recent weeks as the stock market hit all time highs, has prompted some to question the strength of the US economic cycle, and others to ask outright how long before the […]

The Truman Show Markets

Via Global Macro Monitor, We have finally made the time to more closely review the release of last week’s Fed minutes from the July 25-26 meeting.   We kind of like what we see. Debate Breaking Out Among FOMC Members? A debate appears to breaking out between members and staff of the Federal Reserve’s FOMC about […]

Mediocre, Tailing 7Y Auction Prices At Lowest Yield Since October

After a strong 2Y auction on Monday, a poor 5Y issuance on Tuesday, today the Treasury concluded this week’s bond issuance with the sale of $28 billion in 7Y paper in a mediocre auction, which probably could have been even worse had it not been for Draghi’s “clarification”. The high yield of 2.056% tailed the […]

How The Fed Helps The US Spy On Foreign Governments

It's widely known that the Federal Reserve has been tasked by Congress with a "dual mandate" to maintain stable consumer-goods prices, low unemployment and – oh yes – buoyant equity prices. However, as Reuters revealed on Monday, the central bank has another legally binding obligation that might upset some of its clients: Helping the US […]

The Fed Is About To Hike: Why That Is Bullish For Bonds

With the market pricing in near certainty of a June rate hike despite the Fed’s tacit warning that it would like to see evidence the recent economic slowdown is over, a recurring question among trading desks is why aren’t long-dated bonds selling off more, or rather why is the 10 and 30Y seemingly bid the […]

The US Is About To Hit $20 Trillion In Debt: Here’s How It Affects You

Authored by Shaun Bradley via TheAntiMedia.org, As the vulture pundits in the mainstream media pick apart hollow political scandals, the essential bankruptcy of the federal government looms just ahead. The national debt is creeping toward 20 trillion dollars, and the United State’s largest problem is once again staring the world in the face. Just before […]

China Is Again Selling US Treasuries As Foreign Central Banks Liquidate $45BN

After December’s brief dead cat bounce, in which foreign central banks bought $18.6 billion in US Treasuries, breaking a streak of 12 consecutive months of selling, in January they resumed their liquidation. According to the just released TIC data, foreign official institutions, which includes mostly central banks, but also sovereign wealth funds and various other […]

Peter Schiff Warns “Trump Deficits Will Be Yuuge”: What That Means For Gold & The Dollar

Submitted by Peter Schiff via Euro Pacific Capital, There is much we don’t know about how the Trump presidency will play out. Will the Wall get built? Who will pay for it? Will it have at least some fencing? Will repeal and replace happen at exactly the same time? Will Trump throw a ceremonial switch? […]