Is the Fed Projecting or Pretending on Rates?

Let’s go back to some Fed “projection” analysis we did on August 19th Tomorrow we will get some new Fed projections. Suddenly people care. Below is the work we did back on August 19th. Fed Projections – Goal Seeked or Better Informed? It is worth taking a closer look at some of the Fed projections…. Read More

Is a 3% Yield the Turning Point for the Treasury Market?

How Much Has the Fed Lost? We spent much of yesterday looking at the potential for 3% on the 10-year Treasury and the Fed’s treasury position. For those of you who asked the Fed had lost $105 billion on the $1.6 trillion on the bonds they owned in early March. Since the 10 -ear was… Read More