The stock and bond rallies went flat in August and bonds sold off in September as heavy Treasury supply and foreign sovereign liquidation of Treasury holdings created friction in the markets. Liquidity growth has been slowing, and while overall liquidity is still rising, the market response to rising liquidity has been diminishing as friction builds.…
The post Macro Liquidity Still Rising But So Is Market Friction was originally published at The Wall Street Examiner. Follow the money!