
NFTRH; SOMA Enters the Equation (med. priority)
An alert subscribe reminded me that Thursday is Fed ‘SOMA’ day, which is a day that the Fed is due to sell another chunk of Treasury securities. Isn’t it neat how they are bidding T bonds up (in line with our short-term contrary view) as the Fed prepares to sell? Reference the post at Biiwii on May 16 in which Kevin Muir highlights Martingale Macro’s … Continue reading NFTRH; SOMA Enters the Equation (med. priority)