MBCC TH 30th Jan'24 - "What to expect going into tomorrow's FOMC and QRA breakdown? Do cross assets show any trading opportunities?"

Well we got the QRA number yesterday, it seems when the US govt is spending about $143 bln in the past 4 weeks, strange that Yellen only came up with $202 bln of QRA refinancing need for just Q2?! Well .. it seems a lot of the numbers may be back end loaded as the rate at which US govt is spending (by extension helping the consumers spend and keeping markets inflated), there is more not less supply to come.

Wednesday we get the breakdown of how many Tbills vs. Back end Bonds - this is key! We tell you exactly what that means….and what gaps are emerging in markets right now…