

Tipswatch
5.5K posts

@TipsWatch
Talking about Treasury Inflation-Protected Securities, plus I Bonds and Treasurys in general, on the https://t.co/eKll4hxO6k site, since March 2011.



US 10-Year TIPS Sale: - High Yield Rate: 1.896% (prev 1.940%) - Bid-Cover Ratio: 2.47 (prev 2.38) - Direct Accepted: 24.0% (prev 20.4%) - Indirect Accepted: 68.5% (prev 67.4%) - WI: 1.88%

On Wall Street: 2005-2006: “Hey! We found a way to turn BBB ratings into AAA ratings. And pocket the difference!!” 2024-2025: “Hey! We found a way put illiquid assets into liquid funds. And pocket the difference!!” Come home to DoubleLine.


FOMC: Hold "Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has been little changed in recent months. Inflation remains somewhat elevated." One dissent: Miran, preferred 0.25bps cut "Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lisa D. Cook; Beth M. Hammack; Philip N. Jefferson; Neel Kashkari; Lorie K. Logan; Anna Paulson; and Christopher J. Waller. Voting against this action was Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 1/4 percentage point at this meeting."






Blue Owl…Blackstone…Blackrock…Cliffwater…Morgan Stanley…Deutsche Bank…. “Don’t worry, it’s idiosyncratic…” “Just don’t ask for your money back!” “Gotta go, Jamie Dimon is calling me.”