A lot of money:
USM0 = 5,559,000,000,000
USM1 = 18,320,000,000,000
USM2 = 20,865,000,000,000
USMR = 7.9%
US10Y = 4.935%
These gradations are in decreasing order of liquidity.
M0: Strictly coin & note currency in circulation plus commercial bank reserve balances at Federal Reserve Banks; M0 is often referred to as the "monetary base."
M1: Includes M0 monies defined as the sum of currency in circulation, demand deposits at commercial banks, other liquid deposits and traveler's checks.
M2: Is less liquid in nature and includes M1 plus savings and time deposits, certificates of deposits, and money market funds.
M3: A measure of the money supply that includes M2 as well as large time deposits, institutional money market funds, short-term repurchase agreements (repo), and larger liquid assets. Often referred to as "broad money," which are more closely related to the finances of larger financial institutions and corporations than to those of small businesses and individuals.
USMR: 30-Year Mortgage Rate is average 30-year fixed mortgage lending rate measured during the reported by week and backed by the Mortgage Bankers Association.
US10Y: The U.S. 10-Year Bond is a debt obligation note by The United States Treasury, that has the eventual maturity of 10 years. The importance of the 10-year Treasury bond yield goes beyond just understanding the return on investment (ROI) for the security. The 10-year is used as a proxy for many other important financial matters, such as mortgage rates & credit card APR.
USM0 = 5,559,000,000,000
USM1 = 18,320,000,000,000
USM2 = 20,865,000,000,000
USMR = 7.9%
US10Y = 4.935%
These gradations are in decreasing order of liquidity.
M0: Strictly coin & note currency in circulation plus commercial bank reserve balances at Federal Reserve Banks; M0 is often referred to as the "monetary base."
M1: Includes M0 monies defined as the sum of currency in circulation, demand deposits at commercial banks, other liquid deposits and traveler's checks.
M2: Is less liquid in nature and includes M1 plus savings and time deposits, certificates of deposits, and money market funds.
M3: A measure of the money supply that includes M2 as well as large time deposits, institutional money market funds, short-term repurchase agreements (repo), and larger liquid assets. Often referred to as "broad money," which are more closely related to the finances of larger financial institutions and corporations than to those of small businesses and individuals.
USMR: 30-Year Mortgage Rate is average 30-year fixed mortgage lending rate measured during the reported by week and backed by the Mortgage Bankers Association.
US10Y: The U.S. 10-Year Bond is a debt obligation note by The United States Treasury, that has the eventual maturity of 10 years. The importance of the 10-year Treasury bond yield goes beyond just understanding the return on investment (ROI) for the security. The 10-year is used as a proxy for many other important financial matters, such as mortgage rates & credit card APR.
Comment:
2s10s spread continues to un-invert:
Trading indicators:
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US10Y hit 4.996%