After a dip in yields, the Fed sees rates for the 30 and 10-year bonds tick back up. 10:16 pm EST, 22 August 2023.

Fed Funds Futures. 30-Day Federal Funds Futures rate=94.565 Source: CME Group. Federal Reserve Reference Rates. Discount window rate=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Source: Board of Governors of the Federal Reserve System. Federal Reserve Bank of New York. (Ready for another trader challenge? https://traderswithedge.com/?r=348 ) Treasurys. 30-year rate=4.45% 10-year rate=4.34% Source: Board … Continue reading After a dip in yields, the Fed sees rates for the 30 and 10-year bonds tick back up. 10:16 pm EST, 22 August 2023.

Fed funds futures, reference rates, and Treasurys as 9:18 pm EST, 21 August 2023.

Fed Funds Futures. 30-Day Federal Funds Futures rate=94.565 Source: CME Group. Federal Reserve Reference Rates. Discount window rate=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Source: Board of Governors of the Federal Reserve System. Federal Reserve Bank of New York. Treasurys. 30-year rate=4.38% 10-year rate=4.26% Source: Board of Governors of the Federal Reserve System Continue reading Fed funds futures, reference rates, and Treasurys as 9:18 pm EST, 21 August 2023.

Foreign exchange, reference, and Treasury rates observed by the Federal Reserve at 12:41 am, 19 August 2023.

Foreign exchange. EUR/USD=1.0957 GBP/USD=1.2694 AUD/USD=0.6493 NZD/USD=0.5983 USD/CHF=0.8765 USD/JPY=144.9400 USD/CAD=1.3437 Treasuries. 30-year=4.41% 10-year=4.30% Reference rates. Discount window=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. Disclaimer: The data and output from this blog post does not constitute investment or legal advice … Continue reading Foreign exchange, reference, and Treasury rates observed by the Federal Reserve at 12:41 am, 19 August 2023.

Rates seen by the Federal Reserve System on 17 August 2023, 11:50 pm EST.

Foreign exchange. EUR/USD=1.0957 GBP/USD=1.2694 AUD/USD=0.6493 NZD/USD=0.5983 USD/CHF=0.8765 USD/JPY=144.9400 USD/CAD=1.3437 Treasuries. 30-year=4.38% 10-year=4.28% Reference rates. Discount window=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. Disclaimer: The data and output from this blog post does not constitute investment or legal advice … Continue reading Rates seen by the Federal Reserve System on 17 August 2023, 11:50 pm EST.

Just a thought: The State’s ability to expand depends on markets.

Markets are tied to the concept of freedom, particularly the freedom to enter into negotiations and agree on the price of exchange. But I see markets as more than just a mechanism for moving goods and services. Markets, for political economy purposes, serve as nodes the State uses to extract energy in the form of taxes for the government. Continue reading Just a thought: The State’s ability to expand depends on markets.

PRESS RELEASE

The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Second Quarter August 10, 2023 NEW YORK—The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the April – June 2023 quarter, the Federal Reserve Bank of New York said today in its quarterly report to the … Continue reading PRESS RELEASE