Miner Company
Treasury Issuance May Be Sucking Liquidity From The Stock Market
Treasury settlement days are draining market liquidity, pressuring risk assets and now defensive sectors as issuance absorbs available cash. High-beta sectors like IGV and HYG have underperformed on settlement days, with recent weakness spreading to staples such as XLP.
Treasury settlement days are draining market liquidity, pressuring risk assets and now defensive sectors as issuance absorbs available cash. High-beta sectors like IGV and HYG have underperformed on settlement days, with recent weakness spreading to staples such as XLP.