FT Alphaville » Transaction Account Guarantee http://ftalphaville.ft.com FT Alphaville - Market Commentary - FT.com Thu, 23 May 2013 10:00:04 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 The off-loading of short-term USTs http://ftalphaville.ft.com/2013/01/14/1334132/the-off-loading-of-short-term-usts/ http://ftalphaville.ft.com/2013/01/14/1334132/the-off-loading-of-short-term-usts/#comments Mon, 14 Jan 2013 09:55:06 +0000 Izabella Kaminska http://ftalphaville.ft.com/?p=1334132 It’s not perfect, we know. But the weekly CFTC derivative positioning report is still a useful barometer when it comes to gauging investor sentiment.

On which note here’s the breakdown of the latest report with respect to UST spec positioning, courtesy of TD Securities:

Continue reading: The off-loading of short-term USTs]]> http://ftalphaville.ft.com/2013/01/14/1334132/the-off-loading-of-short-term-usts/feed/ 0 Money markets close to getting unTAGged http://ftalphaville.ft.com/2012/12/20/1314562/money-markets-close-to-getting-untagged/ http://ftalphaville.ft.com/2012/12/20/1314562/money-markets-close-to-getting-untagged/#comments Thu, 20 Dec 2012 15:59:56 +0000 Cardiff Garcia http://ftalphaville.ft.com/?p=1314562 In April we began discussing the possible end of the Transaction Account Guarantee at the end of this year, describing it as a kind of collateral-substitute and as a pseudo-bailout for certain investors (the most extremely risk-averse) in money market funds.

Well, the expiration of TAG increasingly appears inevitable, and today the Wall Street Journal reports:

Continue reading: Money markets close to getting unTAGged]]> http://ftalphaville.ft.com/2012/12/20/1314562/money-markets-close-to-getting-untagged/feed/ 0