Dismal's Smacks

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Treasury International Capital Data for August

Treasury International Capital Data for August: China sells the most U.S. securities in 4 years.

Wut Mean?: * China sold nearly $14.867 billion in long-dated Treasuries in August, along with $5.113 billion in U.S. stocks. * China sold $1.34 billion mortgage bonds. * All told, Chinese institutions and funds sold $21.1 billion in U.S. assets. * China has sold $235 billion in Treasuries

cftc.gov

Weird glitch? cftc.gov appears to be having DNS issues this morning (see no records) but is available at https://cftc.prod.acquia-sites.com/

cftc.prod.acquia-sites.com/ works though I am sure this is some weird glitch but in theory all these other sites should be down if it’s server issues? https://securitytrails.com/list/ip/54.156.221.157 Is also interesting a .gov agency uses godaddy? So, is this a

Closed Board Meeting on October 18, 2023

Government in the Sunshine Meeting Notice! Yesterday, the Fed held a CLOSED meeting as it was determined the public interest did not require opening the meeting for Discussion on Financial Markets, Institutions, & Infrastructure.

TLDRS: * Yesterday, the Fed held a CLOSED meeting as it was determined the public interest did not require opening the meeting. * Briefing and Discussion on Financial Markets, Institutions, & Infrastructure. Reddit Post

SEC Commissioner Caroline Crenshaw

Caroline Crenshaw: "While routing to that exchange would result in an economic benefit for the member in the form of reduced fees or increased rebates, it may be costly to the customer if it comes at the expense of execution quality."

Statement: A long line of economic literature asserts that competition among firms benefits consumers.[1] Competitive markets promote economic efficiency and growth, and their benefits can include lower prices and better products for consumers, as well as a more level playing field for small businesses that seek to enter new

SEC Commissioner Hester Peirce in statement on Proposed Rule 6b-1 (Volume-Based Exchange Transaction Pricing): "This rulemaking appears to be the product of fear that is not rooted in reality. Accordingly, I cannot support it."

SEC Commissioner Hester Peirce in statement on Proposed Rule 6b-1 (Volume-Based Exchange Transaction Pricing): "This rulemaking appears to be the product of fear that is not rooted in reality. Accordingly, I cannot support it."

Full Speech: Thank you, Mr. Chair. Regulators, as a general matter, are instinctively cautious. Caution can be a good thing. It can enable us to recognize dangers or threats early and to prepare appropriate responses. Caution, when tempered by a prudent and open mind, can help us protect investors and

Beige Book - October 18, 2023

Fed's Beige Book October 2023: "Wage growth remained modest to moderate in most Districts." "firms struggled to maintain desired profit margins"

Overall Economic Activity: Most Districts indicated little to no change in economic activity since the September report. Consumer spending was mixed, especially among general retailers and auto dealers, due to differences in prices and product offerings. Tourism activity continued to improve, although some Districts reported slight slowing in consumer travel,

SEC Commissioner Mark Uyeda

SEC Commissioner Mark Uyeda on Proposed Rule 6b-1 (Volume-Based Exchange Transaction Pricing): "Ultimately, given the anticompetitive harms likely associated with the proposal—which will harm smaller entities and retail investors—I cannot support it."

Statement on Volume-Based Exchange Transaction Pricing for NMS Stocks Thank you, Chair Gensler. Today’s proposal would “prohibit national securities exchanges from offering volume-based transaction pricing for agency-related volume in certain stocks and … require national securities exchanges to disclose certain information if they offer volume-based transaction pricing for proprietary volume