"For those who haven't been following the Fed's repo operations, this [today] was the first time since the bank restarted its repo operations that it received no bids on its term offerings."
[zh and reuters]
"NEW YORK (Reuters) - The Federal Reserve’s term repurchase agreement (repo) operation on Friday morning received no bids out of a possible $500 billion for the first time since regular operations began last year.
The lack of bids suggests that liquidity has improved in the market for short-term borrowing of government securities. For the overnight repo operation, only $6.75 billion out of a possible $500 billion were submitted and accepted.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Chart for the road: see my little green box, if today's closed above that, Monday is most likely will continue up higher. the day is still young but on a bigger picture after a small consolidation we should move higher. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Probably we had the range high, now is seeking the range low, assuming day low for now.
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The Business Insider poll, conducted online this week by SurveyMonkey, asked who are the most trusted Americans when it comes to information about the coronavirus outbreak.
Dr. Anthony Fauci scored a 3.84 out of five
Governor Cuomo scored a 3.29 out of five
Trump was down the list: 2.59 out of five. More than half of respondents (55 percent) rated Trump a one or a two.
This is at odds with the recent mainstream-media poll that showed 55% potus approval rating.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Ever get stubborn? I made a "return to mean" play on UPRO yesterday, selling short. it went bad immediately. F*** it. I left it overnight, and got the reprieve today.
Charts posted are not recommendations. They are just a sharing of information.
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