Treasury Bills are trading below the 'floor' set by the Federal Reserve. Because the financial system is short monetary collateral.

Treasury Bills Warning of Collateral Scarcity [Eurodollar University, Ep. 233]

Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.

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EURODOLLAR UNIVERSITY'S SPRING SALE STILL GOING FOR A LITTLE WHILE LONGER, DETAILS AT THE LINK BELOW
https://www.eurodollar.university/sales-page-spring UST yields are up somewhat sharply since early April, raising questions as to why that is. High on the public list of suspects is a government bond crisis for obvious Uncle Sam insanity reasons. Others point to possible reflation in higher yields. We do have a solid, historically validated answer for Treasuries, but it's written in German.  Eurodollar University's Money & Macro Analysis https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Has The Government Debt Crisis Finally Started?

EURODOLLAR UNIVERSITY'S SPRING SALE STILL GOING FOR A LITTLE WHILE LONGER, DETAILS AT THE LINK BELOW
https://www.eurodollar.university/sales-page-spring Higher (slightly) interest rates and a couple rising commodities has brought back the reflation trade. For those to be valid, there would have to be widespread confirmation that a meaningful pickup in demand is brewing. Instead, there are huge holes including the most critical signal of them all.  Eurodollar University's Money & Macro Analysis Mining.com  Global copper smelters less active after China’s planned output cuts
https://www.mining.com/web/global-copper-smelters-less-active-after-chinas-planned-output-cuts/ https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Oh Sh*t, The Narrative has COMPLETELY flipped

Is the Great Migration about to get worse? The answer starts in China where just the week the country already reported a sharp fall in consumer prices. CNY is down and so are government bond yields there. The Chinese also said the economy suffered a big drop in exports and then suffered a record low growth rate for lending. Banking woes, trade setbacks, further declines in growth and inflation expectations. The rest of the world is going to feel the effects. Eurodollar University's Money & Macro Analysis S&P; Global Ratings
https://www.spglobal.com/ratings/en/research/articles/231127-economic-research-economic-outlook-emerging-markets-q1-2024-challenging-global-conditions-will-constrain-gr-12923458 Fitch Ratings Fitch Revises Outlook on China to Negative; Affirms at 'A+'
https://www.fitchratings.com/research/sovereigns/fitch-revises-outlook-on-china-to-negative-affirms-at-a-09-04-2024 https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

The Chinese Banking System is COLLAPSING

The economy is doing just fine according to many statistics, but according to most people it is anything but. Those aren't just idle malcontents, either. A fundamental fact of the current state of the world is that it will have to reckon for that economic pain and substantial loss. Many now merely believe that worst is behind is, but what if it is still lying just ahead? Eurodollar University's conversations w/Steve Van Metre FRB Philadelphia Q4 2023 Insights Report
https://www.philadelphiafed.org/surveys-and-data/2023-q4-large-bank JP Morgan Chase Q1 2024 earnings
https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2024/1st-quarter/6678012b-9242-492b-acd0-1473eabade3c.pdf Citigroup Q1 2024 earnings
https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12024/2024prq1.pdf Wells Fargo Q1 2024 earnings
https://www08.wellsfargomedia.com/assets/pdf/about/investor-relations/earnings/first-quarter-2024-earnings.pdf https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Fed Reports "People Now Unable to Pay Off Credit Card Debt"

Yesterday's US CPI reignited the fierce debate over a possibly sticky inflation future. China just ended it by reminding the world of its stubborn deflationary present with the third largest monthly CPI drop in the last twenty years. Producer prices also decline which is a solidly disinflationary signal for China and the world regardless of the latest consumer price numbers from elsewhere.  Eurodollar University's Money & Macro Analysis China's NBS Consumer prices press release
https://www.stats.gov.cn/sj/zxfb/202404/t20240411_1954446.html China's NBS Producer prices press release
https://www.stats.gov.cn/sj/zxfb/202404/t20240411_1954447.html https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Treasury Bills Warning of Collateral Scarcity [Eurodollar University, Ep. 233]

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