dChan
Anonymous ID: cedea3 June 9, 2024, 5:26 p.m. No.20996851   🗄️.is 🔗kun

>>20996028 lb Warren Buffett Controls 3% Of Treasury Bill Market, More Than "International Organizations, Stablecoin Issuers …"

 

He also owns 10% of Japans biggest trading houses.

That has some control/influence over the BoJ and it owns about 60% of the entire JGB market, 80% of its equity markets-surpassing the public pension Fund in ‘21-and literally is the only player in the J-ETF market.

 

Warren Buffett saw 'compelling' reasons to buy Japan trading houses

https://asia.nikkei.com/cms/Business/Markets/Warren-Buffett-saw-compelling-reasons-to-buy-Japan-trading-houses

 

BoJ’s Kato: BoJ has no plan to immediately unload its ETF holdings

 

https://www.fxstreet.com/news/bojs-kato-boj-has-no-plan-to-immediately-unload-its-etf-holdings-202406030250

Anonymous ID: cedea3 June 9, 2024, 7:26 p.m. No.20997428   🗄️.is 🔗kun   >>7432 >>7590

Economic Schedule for Week of June 9, 2024-Headlines: NYFED Williams hit piece-replaced soon

 

To start (((they))) are going to switch out John Williams at NYFEDand I’m NOT defending him at all, as here’s the hit piece by B’Berg. This comes about a month after he was quoted as saying the next move was to lower rates but he never said how and looking at the 10y TNote Mr. Bond has done some of that work-with the ‘dandruff’ on the 1month chart-cap5. Remember the NYFED IS the real FRB as all the programs, bailouts, market operations-you name it-that comes from the NYFED.Look for a change here that will precede a market dropusually a few months or 6 even a year-remember they put in Paulson at Treasury a full year before ‘08 coup-as the heat is now on Williams so someone wants him gone and doesn’t have confidence in abilities to bailout markets. According to article it will likely be Lorie Logan (of course muh wimmin) at Dallas who replaced the “I dint trade on insider information” Robert Kaplan-who went back to Goldman in early May https://www.goldmansachs.com/media-relations/press-releases/2024/rob-kaplan-rejoins-goldman-sachs-as-vice-chairman.html and also where Logan came from. She also ran the securities portfolio at NYFEDso she’s as good as in.

 

New York Fed Is Losing Talent and ‘Street Cred’ Under John Williams

https://finance.yahoo.com/news/york-fed-losing-talent-street-210018648.html

 

Euro dropped on the Macron news and Election resultsCap 3-weekly chart

https://finance.yahoo.com/news/euro-falls-elections-us-stock-222715246.html

 

The key report this week is May CPI.(Atlanta Fed updates the totally unrealistic GDPNOW release on Tuesday)as it was changed on Friday-Latest estimate: 3.1 percent – June 07, 2024 from 2.4% week prior and 1.7% before that. And that three weeks ago is no longer reflected in its chart….total phaggits.

https://www.atlantafed.org/cqer/research/gdpnow

Cap2

 

The FOMC meets on Tuesday and Wednesday, and rates are expected to be unchanged.

 

Some Credit/Collaterization news: >>20991639 pb Great Bank Asset Sale Is a Boon for Bond Market

> Banks’ use of significant risk transfers, which are a cousin of ABS, is also driving issuance, running at its hottest pace since the 2008 financial crisis crushed the market.

 

In early session Silver has retraced about 1% of that massacre (-6.8x% on Friday-cap 4 1month chart and Gold is meh at up about .26% from its $70 loss on Friday.

 

  • Monday, June 10th -

No major economic releases scheduled.

 

  • Tuesday, June 11th -

6:00 AM ET: NFIB Small Business Optimism Index for April.

Atlanta FED updates GDPNOW figures

 

  • Wednesday, June 12th -

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.(Down went Frazier!!! This is ded and not getting up anytime soon)

8:30 AM: The Consumer Price Index for May from the BLS. The consensus is for 0.2% increase in CPI (up 3.4% YoY), and a 0.3% increase in core CPI (up 3.5% YoY).(for sure it’s gonna “surprise” cuz what do they need this to be….all political but would love to be surprised)

2:00 PM: FOMC Statement. The FOMC is expected to leave the Fed Funds rate unchanged at this meeting.

2:00 PM: FOMC Projections This will include the Federal Open Market Committee (FOMC) participants' projections of the appropriate target federal funds rate along with the quarterly economic projections.(as it sez…four times a year so yet another hopium thing here-mebby Powell re-mentions the short end buying they will be going soon but doubt it and the fuggen rigged markets will love it and clear out the recently accumulated short interest article below)

2:30 PM: Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.

 

Stock market faces midweek double whammy with Fed decision following CPI inflation reading

https://www.marketwatch.com/story/stock-market-faces-midweek-double-whammy-with-fed-decision-following-cpi-inflation-reading-a32d2841

 

  • Thursday, June 13th -

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 226 thousand initial claims, down from 229 thousand last week.(moar fun and games with BLS #s)

8:30 AM: The Producer Price Index for May from the BLS. The consensus is for a 0.2% increase in PPI, and a 0.3% increase in core PPI.

 

  • Friday, June 14th -

10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for June).

https://www.calculatedriskblog.com/2024/06/schedule-for-week-of-june-9-2024.html

https://tradingeconomics.com/euro-area/currency

https://tradingeconomics.com/commodity/silver

Anonymous ID: cedea3 June 9, 2024, 8:28 p.m. No.20997590   🗄️.is 🔗kun   >>7608

>>20997428

Investors Brace for Volatility as BOJ Seeks to Cut Bond Buying

 

Investors are bracing for further increases in yields and volatility in Japan’s sovereign bond market as central bank officials consider reducing their massive debt holdings.The Bank of Japan bought only ¥4.5 trillion ($29 billion) of government bonds last month, the lowest amount since March 2013, data released last week showed.A majority of BOJ watchers forecast that the monetary authority will decide on June 14 to cut the amount of sovereign notes it buys, while people familiar with the matter have said such a shift is being considered.

Benchmark 10-year yields have been on a roller-coaster ride, surging to as high as 1.1% last month, a level unseen since 2011, only to give up about half of the gain. The spread between overnight-indexed swaps used for hedging and 10-year notes has narrowed to the least since 2022, reflecting concern about reduced BOJ debt buying. Implied volatility on debt futures has climbed above this year’s average.

“With the current volatile market, the BOJ is unlikely to give a strong forward guidance so that they can keep policy flexibility,” said Shoki Omori, chief desk strategist at Mizuho Securities Co. in Tokyo. “Investors will continue to expect further bond-buying cuts in the future, putting upward pressure on yields.”

The BOJ has accumulated more than a half of the nation’s government debt mainly as a result of its two decades of quantitative easing. The persistent weakness in the yen is adding pressure on the central bank to lift interest rates, a move that would likely help support the Japanese currency. The economist survey showed though that many analysts are revising their forecasts for when the BOJ will hike rates to further in the future. That comes at a time when the European Central Bank cut rates and its peers are also considering doing so.

 

Japan’s radical easy-money experiment has weakened many of the mechanisms that help investors price and trade bonds. That’s because there was less need for them at a time when authorities were pumping cash into the market. Many Japan debt investors still feel that the bond market isn’t working properly in areas like pricing debt and having enough volume, a BOJ survey showed. But the main gauge for the market’s functioning has been improving since May 2023 as the BOJ dismantled its yield-curve-control and negative-interest-rate policy. That has spurred investor speculation the central bank will seek to further cut bond buying to help shore up the health of the nation’s debt market. Swings in debt prices are becoming more severe as the BOJ weighs further policy changes. This is highlighted in the 4.06% implied volatility for 10-year bond futures on Friday, higher than this year’s average of 3.60%.

 

The BOJ cut back on bond buying at one of its regular operations for the first time this year on May 13. Though the bank still kept purchases within its planned range and hasn’t reduced buying at other recent operations, the move fueled speculation that the BOJ may officially decrease monthly purchases from the current ¥6 trillion. Monthly bond buying has already slowed sharply from a record ¥23.7 trillion hit in January 2023.

https://www.bloomberg.com/news/articles/2024-06-10/investors-brace-for-volatility-as-boj-seeks-to-cut-bond-buying

Anonymous ID: cedea3 June 9, 2024, 8:54 p.m. No.20997692   🗄️.is 🔗kun

>>20997662

He’s not going anywhere

The names below will change but he stays

He can call for dissolution of Parliament at any time and they will hold those elections