Housekeeping: Good Morning.
QRA Update:
Today, Bond wonks ( and GoldBugs like us) will be looking very closely at the final installment of the QRA data. Today we find out where and why the bonds are issued on the yield curve.
Those can be simply categorized one of two ways: “Bills” are 90 days and not bonds. Notes/Bonds are deferred. We already know there are more Coupon Notes/Bonds than before.