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Question for Mark et al


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#11 NAV

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Posted 01 November 2017 - 10:06 PM

I am not asking whether this spread is bullish or bearish. I can come to my own conclusions.

 

I was just wondering if anybody had data to show that there has been a bigger spread than this, since 1987. Anyway i got the answer from Gamover's link to Ed Yadeni's charts.

 

P.S - Mark, just do a google search on Investor's intelligence, you will get a link to Ed's .pdf with charts. That's public info from his site.


It's not the knowing that is difficult, but the doing. 


#12 Data

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Posted 02 November 2017 - 09:26 AM

Ordinarily, it would be bullish on its own but there were background factors in the past.  It is easy to look up data points but very difficult to research what was occurring in the news since policies are not often published in the mainstream news.

 

Some people were expecting a big jump in borrowing after the debt ceiling agreement on September 8.   Even though the public debt has grown by 330 billion, very little of it is long-term debt.  My understanding is that it requires very little funding for the banks to buy short-term t-bills since they just hold them to maturity.  

 

Only 19.3 billion dollars in long-term debt sales this quarter.

 

https://www.bloomber...seventh-quarter