Thanks for the charts Mike. I don't know much about this
stuff, but do you think it has anything to do with the Fed's MBS
purchase slowdown? Where does April 16-19 come from?
Lots of indicators, traditional TA, almost everything seems
broken, except price.... and it just keeps going higher!
the yellow line is just the difference between the middle value
of the Fed Funds target rate (set by FOMC) and the Fed Funds
effective rate (set by market), and then shifted 11-12 trading days
to the right... I guess it can be construed as an
indirect measurement of FED liquidity available to the
markets...
Interesting charts
Updates - FED Spread and KC24 Weekly, and FXI Leading.
Posted by kalinm on 1st of Apr 2010 at 11:59 am
Thanks for the charts Mike. I don't know much about this stuff, but do you think it has anything to do with the Fed's MBS purchase slowdown? Where does April 16-19 come from? Lots of indicators, traditional TA, almost everything seems broken, except price.... and it just keeps going higher!
Updates - FED Spread and KC24 Weekly, and FXI Leading.
Posted by mhordila on 1st of Apr 2010 at 02:27 pm
the yellow line is just the difference between the middle value of the Fed Funds target rate (set by FOMC) and the Fed Funds effective rate (set by market), and then shifted 11-12 trading days to the right... I guess it can be construed as an indirect measurement of FED liquidity available to the markets...
http://www.newyorkfed.org/markets/omo/dmm/fedfundsdata.cfm