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End of Treasury Paydown Party Slams Market – WSE Pro

After dumping a wad of cash on the market on Wednesday, the Fed pulled some out on Thursday. It added $7.25 billion in overnight and $11 billion in 14 day repos for a net drain of $6 billion. The Treasury is also settling $4 billion in new cash raised in the T-bill auctions. That’s a total hit of $10 billion on the market in one day. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

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