DFVL News and Press, Barclays Bank PLC ZC SP ETN REDEEM 12/07/2021 USD 50 - Ser A From 03/22/19

The Federal Reserve announced that interest rate hikes will probably be on hold for the rest of 2019 because they see fewer signs of strong economy. Some of the weaker trends will probably last a couple of years, while others are likely to rebound quickly. Here's the bad news list and my obs...

These things are actually quite related, though I understand how it might not appear to be that way at first. As noted earlier on Thursday , the Fed (yet again) proves it has no idea how global money markets work. It can't even get Federal funds right after two technical adjustments to IOER (...

In a widely expected outcome, the Federal Reserve announced no change to the Fed Funds rate but did leave open the possibility of a rate hike next year. Also, they committed to stopping "Quantitative Tightening (or Q.T.)" by the end of September. The key language from the announcement was:...

The Federal Reserve on Wednesday provided the bond bulls with a fresh round of news to keep this year's fixed-income rally running. As expected, the central bank left interest rates unchanged. As an added bonus for fixed-income markets, the Fed also advised that rate hikes may remain on hold f...

There’s no real nice way to say that I found Wednesday's FOMC minutes to be disgraceful. The only conclusion I’m left with is that Jerome Powell has capitulated and is now scared of either the market turning on him, the president turning on him or both. Otherwise, how do you expl...

In relationship to GDP, the balance sheet will continue to shrink until some magic unknown point is reached. The Fed has a new plan for what to do with its balance sheet and today announced several major components of it: Begin tapering the "runoff" of Treasury securities in May. End...

Background Beginning last July, I began tilting a bit toward bonds over stocks, though I liked them both. On July 16 I wrote How Bonds May Be Setting Up Bullishly (Here Comes Goldilocks?) . I suggested that the aggressive Fed tightening could bring the 10-year Treasury bond down to 2.4% fro...

There are many authors and commentators on Seeking Alpha who understand the American banking system. There are others who do not. This article provides an overview of its functioning and recent history, and my perspective on the likely outcomes and implications. I wrote it so I can refer to it...

By Paul Eitelman As expected, the U.S. Federal Reserve (the Fed) left interest rates unchanged at the conclusion of today's policy meeting, once again emphasizing a patient approach to monetary policy in the months ahead. No one should be surprised by this. After all, following Chair J...

If "rate hikes" and QT are the world's big problem in 2019, then why is the FOMC announcing the end of "rate hikes" and QT failing to have a positive effect? The answer will surprise most people. Central banks, dominated by central bankers who are Economists, meaning statisticians, are always ...