Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

If FED continues to reverse repos, there will be increased competition for cash parked in investments monitored by MZM. Implicitly we could see higher bond and interest rates for longer maturities rather then at the short end of the curve. Attracting some of those cash assets could be stocks but more likely corporate, and government bonds if they don't feel comfortable in pricey stock market.

I hope I better explained myself.