The Fed added a net of $3 billion to the market on Monday with $6.25 billion in 3 day repos against $3.25 billion in expirations. The 5 day net held at a healthy add of $10 billion reversing a couple of weeks of tightness. The SOMA line remains well off the bottom of the 5 % growth channel, from where the Fed typically reverses course after a period of tightness. 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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