Overnight Rate Archives - Capitol Development Account

FED STATEMENT AT 2:00 P.M.

At 2:00 PM the Fed’s FOMC meeting concludes. There is near universal consensus the Committee will increase the ...

15 June, 2022

WAS “QT” A REASON FOR YESTERDAY’S SELLOFF?

Quantitative tightening (QT) is about to commence. The Central Bank has solidified plans for trimming its $9 trillion balance sheet starting ...

19 May, 2022

OUTCOME OF FED MEETING WILL BE KNOWN WEDNESDAY

The outcome of the long awaited FOMC meeting will be known Wednesday afternoon. As widely discussed, the central bank will ...

14 March, 2022

EQUITIES ENDED AROUND SESSION LOWS ON TAPERING TALK

The Fed Minutes signaled that a formal decision on a reduction of its massive bond paying program could happen in 2021. Many, including me, thought the Fed would...

19 August, 2021

Federal Reserve Governor Lael Brainard reiterated yesterday well know known Federal Reserve talking points. She stated it will take “some time” to meet the conditions laid out by the Fed for reducing the pace of its massive asset purchases of ...

03 March, 2021

DID A BLOOMBERG ARTICLE VALIDATE MY VIEWS?

Many times, I have commented about liquidity issues and how it relates to the repo market. As widely discussed the Fed is intervening into the “plumbing of the markets” on a daily basis since ...

21 January, 2020

THE FED IS STILL PROVIDING THE NECESSARY LIQUIDITY

A major question at hand is year-end interbank liquidity. Historically (pre 2007) demand spikes during the final two weeks of the year as banks close out their books. ...

26 November, 2019

LIFE IS STRANGER THAN FICTION…

Life is stranger than fiction. Saudi Arabia says attacks were “unquestionably” sponsored by Iran; an attack that caught all flat footed and was thought impossible. As noted the other day, this is a massive escalation, perhaps on the same level as the Iraqi...

19 September, 2019