FMG 3.61% $20.10 fortescue ltd

Iron ore price, page-49852

  1. 10,344 Posts.
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    A decent bounce in IO overnight, but a mixed open is expected for resource stocks.

    It's estimated that over the next 6 months the US Treasury will need to sell $1 trillion of bonds to refresh the Treasury General Account, keep pace with existing obligations and make up for the lack of issuances over the past couple of months. Its a staggering amount of liquidity that will be drained from financial markets from tomorrow onwards (assuming the package is passed today).

    https://hotcopper.com.au/data/attachments/5317/5317111-ca284de58098d1a848f0b2d36e4cfdc1.jpg
 
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