Headline of the Day: What Junk Bonds Derivatives Have Been Signaling, US Fed Siphons $105 billion as Part of Rate Hike

Two charts from the article

Read the Bloomberg article here

Last Sunday I wrote,

And another thing, the US Federal Open Market Committee (FOMC) will be holding its meeting next week (December 15-16), with markets heavily anticipating its first rate hike since June 2006.

This comes even as financial markets have shown increased signs of anxieties anew.

In the US, its more than just falling stocks but yields of junk bonds have been rocketing!

The other day, the US Federal Reserve spelled out how it would raise rates: (NY FED)

Last night NY Fed siphoned $105 billion

Bullish eh?