As I highlighted in the previous weekly summary, while there are no notable auctions taking place this week, the Fed will be very active in the 5-10Y range with buybacks – also at the same time where we could potentially see a flight to quality from the political unrest abroad. It will be interesting to see how the Magic Fed desk down on Maiden Lane handles these events.
Today’s buybacks will concentrate around the 8/15/2013 thru 12/31/2014 range and you can view the full SOMA (updated holdings as of 1/5) sheet here.
Today’s auctions:13 & 26 week bill. The full auction calendar and last 10 previous auction stats for February is located here.
Today’s Interesting Reading
- The Quant Delusion [CheekyBastard, Zerohedge]
- World War III?? [Stone Street]
- The Art Of War – China [Stone Street]
- Twitter, History and Modern Revolutions [Jack Barnes]
Have a good day