13 January 2016

Da Wave Boss, Da Wave!!! [update]

Here comes the Money Tsunami again!!!!!!
[briefing.com 13 January, 2016 1:35 pm]
Elsewhere, at the top of the hour, the Fed''s $21 bln 1-year note reopening was met with robust demand, showing the highest bid-to-cover since since December of 2014 and the highest indirect bid since February 2011. The auction drew a high yield of 2.09% on a bid-to-cover of 2.77.
This just in from Al Sleet, the Hippy Dippy Forecaster.
Expect a 90% chance of inversion over that Manhattan Island and the Treasury building down in DC. It's an unusual inversion, being it happens at two different places at once. But, hey, I know how that is. Half the time my brain is in Haight-Ashbury and my body is in Fresno. Be prepared for being hot and cold at the same time. Don't spend it all in one place!

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