Hi Mark, just out of curiosity, would you consider having your own (100% owned) website in the future where you will maintain the applied series? Or is that not an optimal solution from a cost/benefit perspective?
Hi Mark, I am trying to understand the daily Treasury report and I have a question I hope you might be able to answer. According to the May 16th report, Treasury has issued $92.6 billion (fiscal yr to date) in nonmarketable securities, labeled "Government Account Series". My understanding is that this is intragovernmental debt (e.g. Social Security). Is that right? Since it is nonmarketable, does that mean it would not impact supply/demand dynamics in the day to day trading of treasuries? thank you
It is the treasury borrowing from social security. It is debt nonetheless - it does have to be paid back. It can’t be cancelled, or the taxpayer, instead of paying back the debt, would then have to pay the social security benefits they already paid into.
@@MarkMeldrum ok, thanks. what stuck out to me was that it seemed most of the Treasury issued debt this FY is non marketable, so I was curious the extent that impacts the supply/demand dynamics. Thanks again for the response.
Re ABR, you mentioned selling naked calls. Isn't that considered very risky if the company gets bought or the stock stays elevated for a longer period of time? Thanks.
So happy to hear Dr. Mark after the 2017-2019 period when I got the CFA!
A more relaxed time now
Thank you for your content!
Top standard!
The best chairs are steelcase office chairs.
Hi Mark, just out of curiosity, would you consider having your own (100% owned) website in the future where you will maintain the applied series? Or is that not an optimal solution from a cost/benefit perspective?
I’m interested in updating Qs. Where do we apply?
Hi Mark, I am trying to understand the daily Treasury report and I have a question I hope you might be able to answer. According to the May 16th report, Treasury has issued $92.6 billion (fiscal yr to date) in nonmarketable securities, labeled "Government Account Series". My understanding is that this is intragovernmental debt (e.g. Social Security). Is that right? Since it is nonmarketable, does that mean it would not impact supply/demand dynamics in the day to day trading of treasuries? thank you
It is the treasury borrowing from social security. It is debt nonetheless - it does have to be paid back. It can’t be cancelled, or the taxpayer, instead of paying back the debt, would then have to pay the social security benefits they already paid into.
@@MarkMeldrum ok, thanks. what stuck out to me was that it seemed most of the Treasury issued debt this FY is non marketable, so I was curious the extent that impacts the supply/demand dynamics. Thanks again for the response.
Re ABR, you mentioned selling naked calls. Isn't that considered very risky if the company gets bought or the stock stays elevated for a longer period of time? Thanks.
Probably a bear put spread would have been less risky. Buy a put at the current market price and sell a put at 12.50.
The July 12.50 would most likely have been assigned tonight as ABR is ex-dividend tomorrow morning.