Newsclips
What Does the Market Want the Fed to Do?
September 26, 2019
The fed funds futures market is being distorted by problems in the repo market. In turn, this means the implied odds of any future rate cuts are also being distorted.
The fed funds futures market is being distorted by problems in the repo market. In turn, this means the implied odds of any future rate cuts are also being distorted.
Today's topics include the Fed's increased repo operations, the 'haves' and 'have-nots' in repo land, U.S. rates relative to the rest of the world, the Democrats' top candidate emerges, Draghi's time to hand the baton to Lagarde, another sign of the discord at the ECB, pricing Treasury securities and active bond mutual funds.
Private pension funds have much smaller funding gaps than their government counterparts.
Defined benefit plans continue to be replaced by IRAs and defined contribution plans.
A look at outstanding amounts of Treasuries, corporates, agencies, munis and open market paper.
A home may be the biggest purchase most people make in their lives, but households' home equity is actually comparable to households' direct stock ownership.
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.
The amount of outstanding private credit in the U.S. experienced a brief decline during the financial crisis, but government debt grew throughout the entire period. Both are now at new highs.
Over 40% of FDIC deposits in the U.S. are uninsured.
U.S. equity issuance shrunk by a net $48 billion in the second quarter, as buybacks and mergers outpaced IPOs.
Select charts from our recent posts