PIMCO Enhanced Short Maturity Active ETF

Most Recent

  • Financials

    Must-know trends that affect pricing at T-bill auctions

    The U.S. Treasury holds weekly auctions for the four-week, 13-week, and 26-week Treasury bills. But its auctions for 52-week Treasury bills (SHY) take place only once a month.

    By Phalguni Soni
  • uploads///differences
    Energy & Utilities

    A closer look at the difference between ETFs and mutual funds

    Before moving to inverse and leveraged ETFs in the next part of this series, we’d like to quickly discuss the differences between ETFs and mutual funds.

    By Mike Sonnenberg
  • Financials

    Must-know: Why demand for 6-month T-bills continues to grow

    Demand for six-month Treasury bills has seen a continuous uptrend over the past four weeks, as we’ve seen in the rising bid-to-cover ratio.

    By Mike Sonnenberg
  • Financials

    Why did the 4-week rally in 6-month T-bill demand end last week?

    This week saw the end of a four-week rally for six-month T-bills, as seen the in bid-to-cover ratio falling for the first time since March 17.

    By Mike Sonnenberg
  • uploads///
    Macroeconomic Analysis

    Why the Fed Has Initiated Balance Sheet Normalization

    Atlanta Federal Reserve president and CEO, Raphael Bostic, recently spoke at a conference about the Fed’s balance sheet normalization program.

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    Why FOMC Members Aren’t Worried about the Market Reaction to Balance Sheet Trimming

    The September meeting minutes indicated that the members underscored that the reduction in the Fed’s balance sheet would be gradual.

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    Why FOMC’s John Williams Sees No Impact of Balance Sheet Unwinding on Markets

    In the long run, Williams said it would be difficult to predict how markets would react to the Fed’s balance sheet unwinding program.

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    Why Is FOMC Starting to Unwind Its Balance Sheet without a Target?

    In the September 20 meeting, FOMC (US Federal Open Market Committee) finally announced the start date of its balance sheet unwinding program.

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    Markets Are Confident on Fed Balance Sheet Trimming Announcement

    In its efforts to revive the US economy from the Great Recession, the US Fed started purchasing US government-backed securities in 2008.

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    Could the Fed Announce Balance Sheet Shrinking in September?

    The Fed, in its efforts to normalize policy, announced that it is starting the balance sheet unwinding program soon.

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    The Fed Could Announce Balance Sheet Reduction Plan in September

    In its June meeting, FOMC (Federal Open Market Committee) members detailed plans to shrink the $4.5 trillion balance sheet.

    By Ricky Cove
  • uploads///
    Macroeconomic Analysis

    Will the US Balance Sheet Unwind Affect the Markets?

    After the July FOMC meeting statement was released, market participants came to believe that the Fed would begin the process of balance sheet normalization soon.

    By Ricky Cove
  • uploads///PART
    Macroeconomic Analysis

    Why FOMC Members Were Divided about Balance Sheet Shrinking

    The FOMC June meeting minutes that were released on July 5, 2017, indicated that the FOMC members were divided over when to begin shrinking the Fed’s bloated balance sheet.

    By Ricky Cove
  • uploads///part
    Macroeconomic Analysis

    Fed Chair Yellen Warns about Its $4.5 Trillion Balance Sheet Unwinding

    In her post-meeting press conference, Janet Yellen warned that the Fed could implement its balance sheet unwinding process soon if the economy continues to perform as expected.

    By Ricky Cove
  • uploads/// Month Treasury Bill Issuance versus Bid Cover Ratio
    Company & Industry Overviews

    Indirect Bidders Storm 26-Week Treasury Bills Auction on April 13

    After two weeks of staying away, indirect bidders, which include central banks, came back to buy 26-week Treasury bills. It was a rare occurrence.

    By David Ashworth
  • uploads///Weekly T Bill Issuance and Bid Cover Ratio
    Macroeconomic Analysis

    The bid-to-cover ratio rose at the 13-week T-bills auction

    The US Department of the Treasury auctioned 13-week, or three-month, Treasury bills (BIL) (MINT), or T-bills, worth $24 billion on January 12.

    By David Ashworth
  • Financials

    Why the US Treasury ups the T-bills auction size by 12%

    Last week’s T-bill auctions had a mixed trend for discount rates. While the six-month rates were unchanged, rates increased for the three-month and one-month maturities. A higher discount rate for the T-bills would imply higher demand at the higher discount rate at the auction.

    By Phalguni Soni
  • Financials

    Why the demand for four-week Treasury bills fell in the past week

    The bid-to-cover ratio compares the number of bids received in a Treasury auction with the number of bids accepted (or the amount of securities issued).

    By Surbhi Jain
  • Financials

    Analyzing the key trends at recent Treasury bill auctions

    Last week, the week ended June 13, the U.S. Treasury held weekly auctions for four-week, 13-week, and 26-week Treasury bills for $30 billion, $25 billion, and $23 billion, respectively.

    By Phalguni Soni
  • Financials

    Analyzing demand for 13-, 26-, and 52-week T-bills last week

    While four-week T-bills saw a drop in demand in the last week (as we discussed in the previous part of this series), three-month, six-month, and one-year T-bills saw an increase in demand.

    By Surbhi Jain
  • uploads/// Week Treasury Bill Issuance versus Bid Cover Ratio
    Financials

    Why the floating notes remained in demand despite higher issuance

    After a drop during February 4 auction, the demand for one-year T-bill recovered over next two auctions. However, the April 29 auction saw the demand diminishing again.

    By Mike Sonnenberg
    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.