DTUL News and Press, Barclays Bank PLC ZC SP REDEEM 13/08/2020 USD 50 - Ser A 06740L469 From 02/26/19

Editor's note: Originally published at tsi-blog.com on February 26, 2019. Based on the par value of maturing securities on its balance sheet, there was scope for the Fed to withdraw as much as $43 billion from the financial markets on 15th February. A week ago, we noted that this "liquid...

The US yield curve usually slopes upward. Hence, positively sloped yield curves are termed "normal" and negatively sloped yield curves are termed "inverted". But are “normal” yield curves actually normal? The US business cycle has an unusual feature, an absence of soft landings...

Then frustration being experienced within the Federal Reserve System is boiling over in many different directions. The frustration is being fueled by the question about “ How Will Monetary Policy Be Conducted Going Forward? ” The discussions initially began about where shoul...

Peter Stella is the managing director of Stellar Consulting and was formerly an IMF official where he led the central banking and monetary and foreign exchange divisions. Peter has researched and written extensively on safe assets, collateral, and central banking operations, and he joins ...

Ernie Tedeschi recently published " Deficits are Raising Interest Rates. But Other Factors are Lowering Them. ", in which he discusses the results of some regression models that attempt to model the 10-year Treasury yield based on a number of factors, including fiscal deficits or debt. His wor...

The iShares 1-3 Year Treasury Bond ETF ( SHY ) had been rallying since November 2018, amid increasing expectations that the Fed is nearing the end of its rate hiking cycle. The diminishing interest rate risk encouraged investors to pile into short-term treasuries. Though since the start of thi...

By Frank Shostak The US debt ceiling suspension, signed in February 2018, expires at the beginning of March this year. Some commentators are of the view that the US Treasury must carry out special measures if it expects a delay in raising the debt ceiling in March. In this view, the Trea...

Since 2007, US births and net immigration have consistently and unexpectedly fallen sharply. Over the same span, US federal debt and unfunded liabilities have soared while federal tax receipts, as a percentage of the federal debt and unfunded liabilities, continue declining. Total US energy co...

By Blu Putnam At a Glance With the U.S. economy decelerating and central banks halting asset purchases, there's something for buyers and sellers of U.S. bonds. The bond market is confused, with two prevailing viewpoints that are pulling it in different directions. The chart below i...

"Quantitative easing" was supposed to be an emergency measure. The Federal Reserve "eased" shrinkage in the money supply due to the 2008-09 credit crisis by pumping out trillions of dollars in new bank reserves. After the crisis, the presumption was that the Fed would "normalize" conditions by...