Thursday, October 15, 2009

Treasury Marketable Debt Rollover Update

Well it's a "good news/bad news" story...the average tenor of the outstanding marketable debt has decreased as both the one quarter and cumulative two quarter rollover amount of debt have decreased. On the other hand, the marketable debt outstanding has increased by 6.0% over 3Q2009, slightly faster than the 5.6% increase in marketable debt in 2Q2009 (current quarter annualizes at ~26% rate of increase).

Though in examining the "good news", one wonders who is buying the long end of the curve at the current yields, when the information available in the press is that foreign central banks are moving to the shorter end...[sighs] ok maybe I'm not wondering too much...

Previous posts on Treasury marketable debt maturity:
2Q2009 Update
1Q2009 Update


Carlos JĂșlio said...

Hi !
Let me send you my 2 cents.
SPX 500 - Monthly - " Follow Trend "
I use some indicators that I created, but I like to follow the traditional indicators.
Important to follow market and follow trend.
Follow the trend is have the opportunity to make money more easily. And that's what all the trades want.
This chart is one of my preferred to see the long term.
With a week over a monthly closing, we have only 50% of bullish signal.
For a bull market I need to see:
1 - Close > Moving Average;
2 - RTS Indicator -> Black line > yellow zone.

SPX - Road Map " Bullish Scenario" - Weekly Update

**************** Advise ********************
Build short positions > 1080
Fisrt Target [1005,1020] 70%
Secound Target [975,980] 30%
Indicator didn`t follow price.
Testing this week again trend Medium vs Long Term.
Market Losing Momentum.
Possible bearish divergence but need confirmation.
Nice weekend for all

Byzantine said...

energyecon said...

Thanks, Byz for that link.